The Veer Lofts (website) will be Vulcan’s first residential condo development in the soon to be rejuvenated South Lake Union district. Slated for a Fall 2007 occupancy, Veer will feature 99 heavy timber constructed one- and two-level lofts and single-level flats ranging from 680 to 1,100 square feet.
Interior finishes will include European styled kitchens, exposed wood ceilings, concrete floors, 9′-16′ ceiling height and natural finished. Unlike what many homebuyers expect when compared to the other projects in the area, the Veer is entry-level and it’s interior reflects that. Interior finishes include laminate cabinets, bright colored vinyl and stainless steel backsplashes. It does have an industrial feel and the early renderings indicate they are looking to recapture a true loft feel.
The building is pet friendly and will provide residents with a roof top deck with BBQ and bocce ball court (east side of building, not above the 6th floor) and a washing station in the garage. Each unit will come with one parking space and one bike storage space in the state-of-the-art bike storage room, and one storage space. A cafe is also planned at ground-level.
Prices will start in the mid-$200,000s:
- Flats: 620-780 sq ft
Located on floors 2 & 3.
Priced from mid-$200,000 to mid-$400,000s - Flexi-Lofts: 600-740 sq ft, 13′ ceiling
Located on floors 4 & 5
Priced from low $300,000 to high $500,000s - Full-Lofts: 800-1060 sq ft, 16′ ceiling
Located on floors 1 & 6.
Priced from low $500,000 to mid $600,000s
For information about the Veer presale lottery, please see Vulcan Presale Process.
Visit Veer Lofts.
Post updated July 19, 2006.
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June 25th, 2006 at 8:56 pm
Ben,
How do you view the resale value of the flex-loft floor plans? My wife and I are first time homebuyers and were hoping to be able to afford the full-loft layouts, but they seem out of reach when we found out at the event they would be starting at least in the $400s. With a budget of $350k, we’re now weighing our options in the event our lottery card is selected with plenty of units available in the flat and flexi-loft layouts. We’re not real keen on the height of the upper level for the flex, but were hoping to purchase more sf than the largest flat floor plan offers (755sf). Any thoughts? Thanks!
June 25th, 2006 at 11:21 pm
Compared to the full-loft, I think the flexi-loft is at a disadvantage. Though number of other buildings have low ceiling sleeping lofts, and most of those have stairs leading to the loft rather than a ladder. I hope Vulcan will offer stairs as an upgrade option. Another item that I find odd with the flexi-loft (per the two floor plans they’ve released) is that they don’t have closets. Though in the bigger flexi-loft there may be a closet in the utility room…hard to tell.
Compared to the 755 sq ft flat, I feel the flat has better use of space and will be more appealing to buyers than the flexi-loft.
Veer will be the first in a revitalized South Lake Union. The addition of the street car, influx of businesses and a new park, it will be similar to Belltown’s revival. Based on that, my early assessment is that Veer will hold it’s resale value well, even the flexi-lofts, particularly if owners make upgrades to the finishes. So, I would say to make a decision based on your needs - the floor plan which is a better fit for you.
August 21st, 2006 at 12:06 pm
I don’t understand the flexi loft. What makes it flexi? Do you mind explaining that concept. We’re going through the veer process now, going to the info-session this week.
August 21st, 2006 at 12:24 pm
DL - I think the term “flexi” comes from buyers being able to adapt the space for different purposes - sleeping loft, storage, a place to hang out, etc. This would be a good question to ask the sales folks during your overview session.
The designer of the Veer also built the 19th Avenue Lofts on Capitol Hill which are similar in style to the flexi-lofts. From a value standpoint, 19th Avenue Lofts is doing well in the resale market so I don’t necessarily think the design is a disadvantage, but perhaps just not the most functional.
August 21st, 2006 at 1:01 pm
Ok, so flexi means ladder instead of stairs for the upper space.
August 21st, 2006 at 1:05 pm
The flexi’s have ladders. Also, the flexi lofts are 13′ total, 8′ lower level, 5′ loft area…so you won’t be able to stand upright in the loft. When the model units open next month at the Discovery Center, they will have a model of the flexi-loft.
August 25th, 2006 at 8:34 am
Ben, thanks for the info, here’s a post from me, offering some feedback . . .
Veering off brand.
I didn’t get into the fun with flexi-lofts in that post, that’s going to definitely need to be seen, as it didn’t seem to entice the group. I thought, “it’d be great for a loft monkey”
April 24th, 2007 at 9:47 pm
So my husband and I are looking for a 2+ bedroom somewhere around downtown Seattle (Queen Anne, SLU, Capitol Hill, etc.) where we could move with our 2 little boys. Our price range is up to about $650,000 depending on timing. Ideally, we’d like a 2 bedroom plus den (or equivalent) and at least 1,200 sq ft. What is out there in this category? How do we even get started?
April 25th, 2007 at 4:42 pm
Sark - I’ve contacted you off line. Thanks, Ben