Sad news for Belltown this morning: there are plans to tear down Shorty's, Rocco's, and Tula's Restaurant and Jazz Club on Second Ave to make room for apartments, reports the Morning Edition of the Puget Sound Business Journal. Wood Partners, an Atlanta real estate development company with a Seattle office, wants to install a 124-apartment building on the plot, and is presently negotiating a deal with the Seattle-based Zacri Inc. who owns two of the parcels of land.
Per Puget Sound Business Journal: "The new project, which would include street-level retail and below-grade parking, would be next to the planned redevelopment of the site where Mama's Mexican Kitchen currently sits. That site is set to become an eight-story, mixed-use building with 60 apartments."
In brighter news, though, The Puget Sound Business Journal reports in another piece this morning that it appears Seattle cult classic 13 Coins will be able to stay in South Lake Union, so devotees can exhale. The building that currently houses Coins is set to be demolished to make way for two 42-story apartment buildings, but H5 Capital, the developer on the project, is working to find the restaurant a new home in one of the towers.