City planners have given the green light for construction to begin on a six-story Silver Cloud Hotel along the water at Shilshole Ave. NW and 24th Ave (the site of the old Yankee Grill parking lot.) But part of the deal is Silver Cloud has to be able to show that 60 percent of its business originates from people who work in the marine or industrial fields. Silver Cloud already has hotels on Eastlake and Capitol Hill, to name a few.
City of Seattle photo of the project site.