The main trade off for Alexandria is perhaps its location, dated common areas, and lack of that strong concrete and steel feel. The busy Western Ave at this end of Belltown has also turned off some homebuyers from considering this building. As for the dated interiors, it looks like the City Suites not even be offered partly due to changes within the commercial guidelines. Frankly, wonder how many current home buyers will stay with this project after this announcement. Assuming some of them have longer purchasing time frame, certain home buyers welcome the delay.

Each unit has individual airconditioningheating system hooked up to heat pump that goes all the way to the rooftop. The main selling points for this building are probably the lower price per square foot and proximity to the Olympic Sculpture Park. If you are looking for two bedroom under 400,000, or if you prefer one bedroom with water view but do not wish to pay as much as you would in places like the Concord and Vine, its worth checking out the inventory in this building.

The outdoor deck size ranges from 215 to 1,100 square feet. The main selling points for this building are probably the lower price per square foot and proximity to the Olympic Sculpture Park. If you are looking for two bedroom under 400,000, or if you prefer one bedroom with water view but do not wish to pay as much as you would in places like the Concord and Vine, its worth checking out the inventory in this building.

Each unit has individual airconditioningheating system hooked up to heat pump that goes all the way to the rooftop. Penthouses come with an additional private roof top deck. The main trade off for Alexandria is perhaps its location, dated common areas, and lack of that strong concrete and steel feel. The busy Western Ave at this end of Belltown has also turned off some homebuyers from considering this building. As for the dated interiors, it looks like the City Suites not even be offered partly due to changes within the commercial guidelines.

The building seems really well constructed with double walls between units, corrugated metal for the loft level, commercial style metal railings for the stairway leading up to the loft level and solid brick for the exterior instead of brick veneer. The main selling points for this building are probably the lower price per square foot and proximity to the Olympic Sculpture Park.

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Youd better in quick, said Mr. Developers loved condo hotels. The rights of recovery are so much better if you can say it is security, said Burton Wiand, former SEC attorney who practices at Fowler White Boggs Banker in Tampa, Fla. If the transaction should have been registered with the SEC or other regulators. Return To Top Real Estate Investing WSJ Digital Network MarketWatch. Barrons. com AllThingsDigital. Dow Jones News Alerts.

Youd better in quick, said Mr. An SEC spokesman declined to comment. Historically, the SEC has suggested it wouldnt take enforcement actions against condohotel developer as long as the company didnt provide prospective buyers with projections of income or expected occupancy, among other conditions. Many developers were careful not to market condo hotels as securities, which might have allowed them to review detailed investment prospectus before they bought unit. For some buyers, securitieslaw claim could provide way to undo purchase.

The buyers said they bought the units as investments, which should have been registered, buyers can rescind the deal and their money back, without having to prove fraud and misrepresentation, attorneys said. Michael Trombley, retired majorleague pitcher who lives in Myers, Fla., is one of several investors who have filed lawsuits alleging securities laws were violated in the sale of units in the Clearwater Cay Club in Clearwater, Fla.They were always trying to preach to people that the market is hot. Carrying costs, meanwhile, are running about 14,000 month.

One issue could be whether developers sold these units as investments,

Hotels are risky investments in real estate because occupancy can swing with the weather or the economy. But condo hotels, which account for as much as 10 of all hotel rooms under construction and much greater percentage in resort markets such as Orlando, Fla., and Las Vegas, are coming back to haunt many of the people who bought the units, the developers that constructed the buildings, and the operators hired to run the hotels. Some projects also are being brought to the attention of regulators by investors. But other buyers are suing developers to out of their contracts, claiming they were misled.

Adekunbi counted on the cash flow from renting out his unit more than covering his 3,000amonth mortgage payment, leaving him with tidy profit. He said the developers sales staff led him to believe that the hotel would have 94 occupancy and 350anight rates, Turns out, he said he is netting only between 400 and 1,800 month before his mortgage payment.I am in so much debt. Its been very bad investment, said Moji Adekunbi, 47yearold engineer, who bought 550,000 condohotel unit in the Signature at the MGM Grand in in Las Vegas, where one of every four hotel rooms being developed is condohotel unit.

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