Local developer Prium Companies has just announced an agreement with A.F. Evans Development to purchase the Winthrop Hotel. Prium is a Tacoma-based real estate development conglomerate with projects in 26 cities statewide.
"We have executed a purchase and sale agreement with AF Evans that we anticipate to close by the end of the year," says Peter Ansara, Prium's Chief Operating Officer in a release issued this morning. "We are in the process of studying the potential for mixed use with a focus of developing a significant portion of the Winthrop to its original hotel state [along with] the potential of condominiums, relocation of the residents and historic preservation..."
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