PERMITTED 2-STORY ADDITION TO THE ICONIC BOYLSTON HOTEL
Colliers International’s McKay | Chhan | Wayne present the Boylston Hotel, a 60-unit hotel development site located in the Pike-Pine Corridor in Seattle’s Capitol Hill neighborhood. The Boylston Hotel is fully vested, and thus not subject to pending MHA fees, that would otherwise total hundreds of thousands of dollars. Closing can occur upon building permits being issued which is expected in April 2019. The current four-story structure is in shell condition with 42 units, and the approved permit would create 18 additional units over two additional floors.
Located in the heart of Seattle’s famed Pike/Pine Corridor, the Boylston Hotel is walking distance to the Convention Center, central business district, retail core, and light rail system. Convention goers, business travelers, and tourists will be able to easily navigate Seattle’s most popular destinations without a car, including a treasure trove of restaurants, boutiques, lounges, and bars located just steps outside the front door.
Last year 40 million people visited Seattle, an increase of 2.6% over the past year. With hotel zoning increasingly rare in Seattle’s core neighborhoods, the Boylston Hotel is well positioned to become Seattle’s next great boutique hotel.
Price per Uniit
Price per Lot SF
Average Unit SF
1517 Boylston Ave
Seattle, WA 98122
5,018 SF (0.11 Acres)
60 TOTAL SLEEPING UNITS PERMITTED AND REDEVELOPMENT OF THE EXISTING BUILDING
The Boylston Hotel's permitting is described as "substantial alterations to existing basement plus three floors of the existing property. Work includes repairs to the property, upgrading rooms, installing bathrooms and kitchenettes to all 42 existing sleeping units."
Upon completion of this development, this property will be fitted with new finishes, new plumbing, new electrical fixtures, and meet current energy and accessibility code standards.
Existing Gross Area
CAPITOL HILL - A PERFECT BLEND OF LIVE, WORK, PLAY
The Capitol Hill neighborhood is adjacent to downtown, so residents walk or bike to work in the high-rises, shop in the upscale retail and eat in the fine restaurants. Local residents have great access to downtown, but they also have the residential amenities (grocery stores, pet food stores, barbers, neighborhood coffee shops, etc. which downtown does not offer.
Capitol Hill is ideally located just minutes from dozens of Seattle’s largest employers. Multiple express and local mass transit options open this neighborhood to key employment hubs and ensure a convenient commute to and from work.
Sound Transit is currently expanding light rail service to north Seattle, connecting the University of Washington and Capitol Hill to downtown Seattle and the airport. The underground Capitol Hill Station opened on March 19, 2016, serving the Capitol Hill neighborhood of Seattle, Washington. It is situated between the Westlake and University of Washington stations on the 3.15-mile long (5.07 km) University Link Extension, which runs from Downtown Seattle to the University of Washington campus.