Belltown's Potala Tower Will Break Ground Next Week

Belltown's Potala Tower Will Break Ground Next Week

The new information was updated on August 18, 2014 04:10 AM.

Full details available only for registered and approved users.



  • Washington
Viji Durga Viji Durga, August 26, 2015 04:20 PM

Note : from

It has been 9 months and the developer just got a grading and shoring permit. It is currently not permitted as a property that allows a hotel and it is not currently approved for the number of units claimed by the developer.
I can only find one ground-up development completed by Lobsang Dargey and it is Potala Village Everett. It is perhaps 4 stories and certainly not a tower.
His second development is a hotel - apartment - mixed use which was supposed to be complete in summer of 2014 and now claims it anticipates completion in the summer or early fall of 2015.
How does a developer go from only completing 1 low-rise building to attempting a 41 story tower? I wouldn't put my bets or my money on this. Where's the experience to show that he can pull it off?

Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.