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January 4, 2022

SLU hotel project, with MUP, sells for over $15M

By BRIAN MILLER
Real Estate Editor

Rendering by Johnson Braund [enlarge]
There’s no indication yet as to a start date or general contractor; the old Feathered Friends building has been removed.

The site of a planned AC Hotel in South Lake Union, at 117 Yale Ave. N., sold last week for over $15.2 million, according to King County records. The seller was an LLC associated with White Peterman Properties, which acquired the former Feathered Friends property two years ago for $8.4 million. In early 2020, just as the pandemic struck, WPPI and architect Johnson Braund received a master use permit for a 11-story, 200-room hotel. The Feathered Friends building was demolished not long thereafter.


 
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