Even though the dead project formerly known as the 1 at 2nd & Stewart isn't in Belltown, it's close enough to be a source of fascination. I walk past it every day on my way to the gym, and for months and months, it languished in a state of abandonment and neglect. Here you had big plans to build a large hotel and condo complex on the site of a perfectly serviceable parking lot. Well, things didn't get past the hole-digging stage when the developers ran out of money, shut down operations and possibly left town in the dead of night. I was really beginning to believe that the hole would be there forever, but recently they've brought in heavy equipment and much dirt. Observe:
It looks like the site will become a parking lot once more. It's about 2/3 filled now. All they need is more dirt. Although its reversion to a parking lot is probably not the most desirable path for the property, it's still a much, much better alternative to the large hole.
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