Winthrop now in Prium's hands

Winthrop in Tacoma The News Tribune is reporting that as of Jan. 31 Prium Companies now holds the deed to the Winthrop. No press release yet from Prium but AF Evans sent out word. As David Seago of the TNT's Editorial Blog points out, it's interesting how defensive AF Evans is concerning progress they made with their property management company over the last couple months making the area around the Winthrop safer. After listing 11 bullet points about what they did, they had this [very lawyerly phrased] bit to say:

In large part due to ... efforts at the Winthrop, there seems to be a sense of growing encouragement that through this mutual diligence, the situation on Commerce is turning. Although our role at the Winthrop has been short-lived, we know that the positive momentum at the Winthrop will continue under the close watch of Prium, and we wish you all the best as you continue the hard work of transforming the neighborhood.

Welcome to the neighborhood, Prium! We wish you much success and hope you'll continue to have the community in-mind as you move forward with the Winthrop.

2/2 - Winthrop deal finally done, TNT Editorial Blog (thanks Erik!)
Previously on KFnet

So, with those points above from Evans, has anyone noticed anything different in and around the Winthrop lately?

Comments (8) | To Top

2/3/2007 @ 2:53pm

What great news for Tacoma.

Two years of hard work by merchants, architects, reporters, preservationists, restaurateurs, attorneys, builders, politicians, civic boosters, newspapers, housing experts, bloggers and the Tacoma community at large has finally paid off.

By the way, great coverage of the Winthrop Hotel issue Kevin on your photoblog.

You had numerous articles, at least a couple of city council hearings, op ed pieces and 6:00 a.m. Quigg meetings all documented for future generations by photography.

by Erik

2/3/2007 @ 10:07pm

Okay, so now the question is, which direction do they intend to go with the building? Previous TNT articles said it was moving toward becoming ritzy digs, which to some would run counter to its present role as low-income housing.

Good that there's some update to the story, and thanks for reporting it Kevin!

by The Damn Mushroom

2/3/2007 @ 11:13pm

Prium will restore the Winthrop Hotel as a first class hotel again as it was originally designed.

You may want to search in Kevin's page for the word "Winthrop" to get the history.

2/8/2007 @ 8:08pm

And now, its neighbor (best known as the Hotel Stothart and the Mecca Theatre) is about to be renovated as well into apartments and office space. Bravo!

Info links and a photo here: www.flickr.com/photos/thedamnmushroom/146002432

2/10/2007 @ 6:57pm

Is Prium asking for a historic tax break after they receive $2M from the city taxpayers?

by Peking

2/11/2007 @ 5:12pm

The entire Winthrop project is about $70,000,000 including the replacement housing that will be built by the current residents (even though Prium is under no legal obligation to build the housing).

The city of Tacoma is only loaning Prium a small sum that must be paid back.

The cost of the building is small compared to the renovation cost. I certainly hope that the building can qualify for historical tax credits. Usually, it is must cheaper to rip down historical buildings than to renovate them,

2/19/2007 @ 12:20am

Where is this replacement housing supposed to be built??

by Domonick

8/29/2007 @ 4:59pm

Word is Prium is going bankrupt - Rumor was the feds looked into their business last year? Ask T. Price.

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