It looks like one of the proposed hotels for Ballard isn’t going to happen.
According to our news partners, the Seattle Times, Columbia State Bank filed notice last week that it intends to foreclose on the site of the proposed Point Hotel at Salmon Bay. The 166-room hotel, which we’ve written about in the past, was supposed to be built in the parking lot of the former Yankee Grill. According to the Times, Ballard Hotel LLC hasn’t made a payment on their loan since November. A trustee sale is scheduled for July 22, the Times is reporting. You can read more from the Seattle Times here.
The owner of the Olympic Athletic Club is still moving forward with the proposed hotel on Ballard Avenue.