Keller Williams Greater Seattle

Escala Update

The Escala Condo’s public design preview event is still two weeks away and anticipation is building. However, Escala has pre-released a number of units at special introductory pricing and a quite a few reservations have already been placed. Reservations can be made with a $10,000 deposit which converts to purchase & sale contracts in the Fall.

Prices for the design preview release on July 27th will be higher than the current release allotment. This is the most opportune time to reserve a unit for your next home or investment.

Here’s an illustration of a floor plan for floors 4-6. It’s a little difficult to see but there are 12 units, 4 on each end and 4 in the center. Even the one bedroom units on the lower levels have semi-private vestibules.

Click image for larger version:
escalaFlrSml.jpg

For more information about the current release and pricing, please contact me.

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Escala released it’s second allotment of homes earlier this week to those who had 2nd or higher position reservations in the first release with price ranges approximately 10% higher.

Escala also updated it’s website with revised floorplans and renderings.

View available Escala condos for sale.

Updated 7/27/06

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About the Author

About the Author: Ben Kakimoto is a condo marketing specialist and publisher of The Seattle Condo Blog. Ben's focus is urban residential properties in Seattle's metropolitan core. Contact Ben to learn more about the Seattle condo and loft real estate market. Find Ben on Google+, Twitter and Facebook. .

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There Are 2 Brilliant Comments

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  1. rock says:

    Any idea how did the units go in ESCALA preview?

    Any one went there? and what is the price range?

    how you guys feel about te future appricaition for a one bed ..paying $500K is expensive

  2. Ben_Kakimoto says:

    Rock – prior to the preview event Escala had released about 23% of the units and units went quickly with many 2nd & 3rd position reservations. Those 2nd & 3rd position holders were given priority reservations on the second release which brings the total released units to about 50% of the total.

    As far as price ranges…the 3rd floor is the lowest residential level with 1 bds starting at $500K and 2 bds starting around $880k. Of course, the higher up, the higher the price range. Upper floor 2 & 3 bds units are all over $1.5 mil.

    As far as appreciation, those who reserved during the first release have now seen about a 10% increase in value. For example, during the first release, a 4th floor 1 bd unit ranged from $440 to $489K. During the 2nd release, the same unit on the third floor ranges from $485 – $539K.

    Given the uniqueness of this project I suspect it will continue to see a healthy valuation. However, other projects are planned and will be built and they may impact the overall market.

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