Rendering of the Pivot (Image: Tiscareno Associates)

The direction for one mixed-use development under construction at the base of Capitol Hill might show the appetite for new office space in the neighborhood isn’t as strong as the downtown lodging market.

Pivot, the eight-story, 65-unit apartment and mixed-use building rising on the land where a surface parking lot once spread out on Pine just above downtown, is again, well, pivoting — this time, office space is out and a new era hotel service is in.

Developer Vibrant Cities CFO Ming Fung confirmed the new direction for the project with CHS and says two stories of planned commercial office space will be redeployed as lodging operated by Sonder, a startup dedicated to creating a network of tech and business worker appropriate short and longer term stay options in large cities around the world. Continue reading →