Thursday, November 02, 2006

Prium May Buy Winthrop Hotel

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..."

No comments:

Post a Comment