Two weeks ago, we brought you a WSB reader’s report that the office staff at West Ridge Park on Delridge told her the condo conversion to “Gables,” by the same people who brought you “Strata,” was slowing down. Then one week ago, we noted that the Mosaic Homes website no longer listed “Gables” as “coming soon.” Mosaic still to this date hasn’t returned our messages, but another West Ridge resident just e-mailed WSB to tell us this notice landed on the doorstep this morning:
“We are pleased to announce that the owners of West Ridge Park have decided to not go forward with the planned condo conversion at this time. The property as a whole will remain a rental property … We sincerely want to thank each and every one of you for your patience and understanding during these past months of change and uncertainty. We hope this announcement will please all of you. I know you are very excited that we are staying as a rental community, and hope each of you will stay with us in 2008.”
This was to be a huge condo conversion and got a lot of citywide coverage earlier this year, as harbinger of a trend — can’t help wondering if it might become the same thing now, in the opposite direction.