Even before the severity of the economic downturn became daily news this fall, I thought that the "luxury condo" conversion of the old 1950s Cascade Apartments complex at 14th and Holgate was ridiculously optimistic.
But you couldn't fault Beacon Flats' PR job. They had a snazzy website, Google ads, a trendy type treatment ("b e a c o n F L A T S"), and, of course, their own silly tagline ("city living with an edge").
Back in the spring, I got irritated that the team doing the classy remodel on the building wasn't classy enough to proactively clean up the prominent graffiti on the building. So I filed a complaint with the city about it, and they did clean it up (and even planted some struggling bamboo plants in front of the former mess).
Then the units went up for sale. And mostly sat. Though I do remember checking the website and seeing that at least a couple of the upper units ended up being listed as sold as the prices were dropped.
I'm not sure what happened to those, because now the units are all listed as rentals, and the county classifies the property as an apartment building.
However, there's still a hint that this building once aspired to be a condominium. Some schizophrenic language on the site advertises "Only 1 Condo left for Rent!"