Comments on: Olive8 Condo – Midtown Seattle http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle Thu, 17 May 2012 21:49:38 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Escala Update; sales center to reopen March 27th | The Seattle Condo Blog http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle/comment-page-5#comment-104868 Escala Update; sales center to reopen March 27th | The Seattle Condo Blog Sun, 28 Feb 2010 01:42:39 +0000 http://seattlecondosandlofts.com/archives/25#comment-104868 [...] Considering new construction condos offering homes at the similar price points – Enso, Olive 8, Volta – it’s hard to beat Escala for its overall quality, finishes, uniqueness, views [...] [...] Considering new construction condos offering homes at the similar price points – Enso, Olive 8, Volta – it’s hard to beat Escala for its overall quality, finishes, uniqueness, views [...]

]]> By: A2 http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle/comment-page-5#comment-98553 A2 Wed, 30 Dec 2009 20:26:29 +0000 http://seattlecondosandlofts.com/archives/25#comment-98553 Prices have started to creep down. Some of the recent closings are under $600 sq ft. Prices have started to creep down. Some of the recent closings are under $600 sq ft.

]]> By: Ash http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle/comment-page-5#comment-92941 Ash Tue, 10 Nov 2009 00:20:00 +0000 http://seattlecondosandlofts.com/archives/25#comment-92941 It's crazy to come back to this blog posting over a year since I last visited, and they've only closed 49 sales in the Olive 8 building according to the King County website. That's less than 25% by my reckoning. Are there any plans for discounts? I haven't seen them marketing Olive 8 much around town. It’s crazy to come back to this blog posting over a year since I last visited, and they’ve only closed 49 sales in the Olive 8 building according to the King County website. That’s less than 25% by my reckoning.

Are there any plans for discounts? I haven’t seen them marketing Olive 8 much around town.

]]> By: Olive 8 Condo receives LEED Silver certification | The Seattle Condo Blog http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle/comment-page-5#comment-87091 Olive 8 Condo receives LEED Silver certification | The Seattle Condo Blog Thu, 10 Sep 2009 18:30:52 +0000 http://seattlecondosandlofts.com/archives/25#comment-87091 [...] 10, 2009)—The stunning Olive 8 building (condo website), a 39-story hotel/ condominium building located in downtown Seattle, has [...] [...] 10, 2009)—The stunning Olive 8 building (condo website), a 39-story hotel/ condominium building located in downtown Seattle, has [...]

]]> By: Imants http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle/comment-page-5#comment-82202 Imants Tue, 30 Jun 2009 17:32:50 +0000 http://seattlecondosandlofts.com/archives/25#comment-82202 Marc (above) makes some very good points about ILSFDA. Our law firm is also representing buyers in earnest money disputes with a number of condominium projects. I have drafted condominium documents for a number of local projects so I have experience with these types of matters. If you are interested in a consultation, feel free to call me at 206-438-3851 or send me an email at imants@lawhg.net. Imants Holmquist Holmquist & Gardiner, PLLC imants@lawhg.net Marc (above) makes some very good points about ILSFDA. Our law firm is also representing buyers in earnest money disputes with a number of condominium projects. I have drafted condominium documents for a number of local projects so I have experience with these types of matters. If you are interested in a consultation, feel free to call me at 206-438-3851 or send me an email at imants@lawhg.net.

Imants Holmquist
Holmquist & Gardiner, PLLC
imants@lawhg.net

]]> By: condogirl http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle/comment-page-5#comment-81696 condogirl Fri, 19 Jun 2009 17:47:00 +0000 http://seattlecondosandlofts.com/archives/25#comment-81696 Hello, has anyone worked with a lawyer and successfully got your earnest money back? Please post and help us out. Big thanks! Hello, has anyone worked with a lawyer and successfully got your earnest money back? Please post and help us out. Big thanks!

]]> By: gates http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle/comment-page-5#comment-81645 gates Thu, 18 Jun 2009 16:01:02 +0000 http://seattlecondosandlofts.com/archives/25#comment-81645 That makes me feel better about my decision to pass (although not $40,000 better). The close rate on the building is pretty bad according to the stats posted on olive8.blogspot.com...that enough is telling me it is a bad investment. That makes me feel better about my decision to pass (although not $40,000 better).

The close rate on the building is pretty bad according to the stats posted on olive8.blogspot.com…that enough is telling me it is a bad investment.

]]> By: kyyy http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle/comment-page-5#comment-81486 kyyy Mon, 15 Jun 2009 19:29:30 +0000 http://seattlecondosandlofts.com/archives/25#comment-81486 Have my unit closed about three weeks ago but not satisfied with the work. Very unprofessional. The CDW group in working with the construction company to redo the work but they seem just to do some minor work for the visual effect instead of completely redo the work. It is still not in moving condition yet and I do not know when it will be. Location is great but the quality is totally unacceptable. Have my unit closed about three weeks ago but not satisfied with the work. Very unprofessional. The CDW group in working with the construction company to redo the work but they seem just to do some minor work for the visual effect instead of completely redo the work. It is still not in moving condition yet and I do not know when it will be.

Location is great but the quality is totally unacceptable.

]]> By: Marc http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle/comment-page-5#comment-81224 Marc Wed, 10 Jun 2009 05:30:41 +0000 http://seattlecondosandlofts.com/archives/25#comment-81224 Back in January Condoboy and I discussed whether supposedly "airtight" contracts like Olive 8's could be cracked. Well, we now know that it's possible. My partner, Craig Blackmon, and I just won a case against the Washington Square condo project in Bellevue. Interestingly, it would appear that the same law firm that was involved in drafting Washington Square's contracts was also involved in drafting Olive 8's contracts and will also be representing both of them in litigation over those contracts. Washington Square sued my client and the case was subject to mandatory arbitration. The bad news for WA Square was that the arbitrator agreed that its contract violated a federal law called the Interstate Land Sales Full Disclosure Act ("ILSA"). As a result my client was awarded 100% of his earnest money plus attorney’s fees and costs and interest. Unfortunately for all the other WA Square buyers, this ruling is not binding on any other buyer. Olive 8's contracts contain numerous similarities to WA Square's so we continue to believe that Olive 8's contracts are far from airtight. However, this blog comment is not intended as legal advice and should not be relied upon as such. If you have a contract with Olive 8, Washington Square, or any other condo developer and want to find out what your legal rights and obligations are you should contact a licensed attorney of your choice as soon as possible. Time is of the essence so do not delay. If anyone would like to discuss their Olive 8 contract or to learn more about the group of clients my firm represents feel free to contact me at 206-357-4224 or marc@lawofficeofcraigblackmon.com. For more information on ILSA go to the Dept. of Housing & Urban Development's website at http://www.hud.gov/offices/hsg/ramh/ils/ilshome.cfm. Back in January Condoboy and I discussed whether supposedly “airtight” contracts like Olive 8′s could be cracked. Well, we now know that it’s possible. My partner, Craig Blackmon, and I just won a case against the Washington Square condo project in Bellevue. Interestingly, it would appear that the same law firm that was involved in drafting Washington Square’s contracts was also involved in drafting Olive 8′s contracts and will also be representing both of them in litigation over those contracts.

Washington Square sued my client and the case was subject to mandatory arbitration. The bad news for WA Square was that the arbitrator agreed that its contract violated a federal law called the Interstate Land Sales Full Disclosure Act (“ILSA”). As a result my client was awarded 100% of his earnest money plus attorney’s fees and costs and interest. Unfortunately for all the other WA Square buyers, this ruling is not binding on any other buyer.

Olive 8′s contracts contain numerous similarities to WA Square’s so we continue to believe that Olive 8′s contracts are far from airtight. However, this blog comment is not intended as legal advice and should not be relied upon as such. If you have a contract with Olive 8, Washington Square, or any other condo developer and want to find out what your legal rights and obligations are you should contact a licensed attorney of your choice as soon as possible. Time is of the essence so do not delay.

If anyone would like to discuss their Olive 8 contract or to learn more about the group of clients my firm represents feel free to contact me at 206-357-4224 or marc@lawofficeofcraigblackmon.com.

For more information on ILSA go to the Dept. of Housing & Urban Development’s website at http://www.hud.gov/offices/hsg/ramh/ils/ilshome.cfm.

]]> By: One Olive 8 buyer’s perspective | The Seattle Condo Blog http://seattlecondosandlofts.com/2006/07/olive-8-condo-seattle/comment-page-5#comment-79253 One Olive 8 buyer’s perspective | The Seattle Condo Blog Mon, 04 May 2009 19:37:18 +0000 http://seattlecondosandlofts.com/archives/25#comment-79253 [...] left a comment on the Olive 8 posting this weekend about his likely decision to walk away from his $23,750 deposit along with a link to his blog where [...] [...] left a comment on the Olive 8 posting this weekend about his likely decision to walk away from his $23,750 deposit along with a link to his blog where [...]

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