The former Eighth Avenue Inn, at Eighth and Bell Street, and Days Inn Town Center, at Seventh Avenue and Blanchard Street, are the first residence halls in Cornish’s 95-year history. Most freshmen enrolling this fall will be required to live in them, a policy many other private colleges embrace.
Cornish has signed 10-year leases, with options to renew or purchase, said Chief Financial Officer Jeff Riddell.
The two properties made up about 10 percent of the 13-acre collection of Denny Triangle real estate that longtime owner Clise Properties put up for sale in 2007, attracting international attention.
Clise Properties president Richard Stevenson said the lease to Cornish doesn’t mean Clise’s long-term vision for its Denny Triangle holdings is dead. “Ultimately, the highest and best use for those properties is something other than those hotels,” he said.
“But given the current environment, we don’t see the entire assemblage being developed for quite some time."
For more information: https://www.seattletimes.com/seattle-news/education/big-step-for-cornish-college-8212-its-adding-dorms-for-the-first-time/
