After Delays, Work Begins on Potala Tower

Potala Tower has broken ground, and will include 142 hotel rooms and 342 apartments when completed in 2017. The start comes about seven months after its unusual groundbreaking ceremony that involved Buddhist monks chanting and ringing bells to bring blessings to the project. The tower is named after the palace that used to be the Dalai Lama's primary residence in Tibet, reports the Puget Sound Business Journal. The Bellevue-based developer, Lobsang Dargey, is originally from Tibet, and spent time as a monk himself. [PSBG]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing

Riverwards Group Secures Construction Financing For 155 Units In Olde Richmond

Mesirow Pays $132M For Midtown Luxury Apartment Tower

Integra Acquires Evacuated Broward Condo Complex Via Court-Ordered Auction