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Monarch Tower will now be apartments

It looks like the 29-story Monarch Tower is going to be strictly rental apartments with nobody owning any of the units.  According to this story by KVUE, the building was originally planned to be apartments but went condo this past summer.  The building reports selling 20% of the units in 60 days, but it's not uncommon for developers to sell a lot of units up front to inside investors.

The developer says that anyone who put down  a deposit will get their money back.  Rents for the new Monarch Tower Apartments are scheduled to start at around $1600/month.