UPDATE: Moda is converting to apartments.
The latest entrant to the Seattle condo boom is Moda Condominiums in Belltown. Located at the corner of 3rd Avenue & Bell Street (just north of Bell), Moda is being developed by HMI Real Estate.
The 251-unit low-rise is positioning itself towards the more affordable entry-level market. Prices are expected to range from the mid-$100,000’s to the $400,000s. However, the trade off is smaller unit sizes ranging from 300 to 1,021 sq ft. Yet, units will feature stainless appliances, cherry or walnut floors and granite or limestone countertops.
Almost kitty corner from the Belltown Dog Park, Moda will be in a great location between the downtown core & the Seattle Center. Plus, it’s in the middle of Belltown’s eclectic mix of restaurants & nightlife scene. And, for the most part, 3rd Avenue doesn’t have the traffic that’s common on 4th or 2nd Avenues.
Moda is planning to break ground this fall with an eye towards a Summer 2008 completion date. The sales office is slated to open September 23rd. www.ModaCondos.com
Update 8/31: Adding link to Seattle PI article. The PI referenced the Montreux, located at 5th & Vine, as a comparable complex with small units. They may be tiny but can be functional and is perfect as a pied-a-terre. Instead of the regular bed, a wall bed (murphy bed) would add much needed space.
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