Update September 2013: I’ve confirmed that Insignia will open their sales center this month with special pre-sale opportunity and events.
Update August 2013: Insignia released information highlighting the amenities and design features for these luxury condominium homes.
Update June 2012: Bosa Development has finally broken ground on Seattle’s first new condominium development in 5 years.
Update March 2012: It’s been awhile but I can now confirm that this long overdue development will be re-awakening. Embassy Development / Bosa Development affirmed intentions to break ground on Seattle’s largest condominium project by May.
The old Teatro Zinzanni block between 5th & 6th Avenues and Battery & Bell has been sold to Embassy Development of Vancouver, BC. Though this isn’t exactly earth shattering news, it does express a commitment by Embassy to develop the site. Update: The project has been taken over by Bosa Development of Vancouver, BC.
The proposed development, called Insignia Towers Condominium (website), is big – a $450 million project encompassing two 41-story condominium towers with 707 units. Construction on the first tower broke ground in 2012 and is expected to be complete in late 2014 or early 2015. Each tower will have a lengthy construction timeline estimated to be approximately 29 months.
Interesting quote from the developer in the DJC from 2007: “Most of the condos will be two-bedroom or two-bedroom with dens. Prices in the first tower will start at $750 a square foot, and are intended to be affordable to downtown workers making a ‘decent wage.’ “
According to a September 2013 article in the Puget Sound Business Journal, prices will start in the higher $400,000s and range up to $2 million with price per square foot ranging from $677 to $865.
Insignia Towers is first major condominium start in Seattle since 2007. Construction would not be completed for at least two-years (more likely three-years) so that bodes well for Seattle’s condo market, which now has a dearth of available condo inventory.
Forty-first floor sky retreat and resident lounge
Seventh floor open-air park terrace with outdoor grilling area
Outdoor fireplace gathering area
Indoor lap pool and spa*
Steamroom and sauna*
Fitness atrium with yoga and pilates studio
Screening room with entertaining bar
Signature lobby by Mitchell Freedland
Outdoor pet retreat
Pet wash and grooming area
Bike storage with work area
Retail shops along pedestrian friendly street
* Proposed future addition to North Tower
One and two bedroom plans with dens in select residences
360 degree Views of the city, Puget Sound, Lake Union and mountain ranges
Designer interiors by Mitchell Freedland
Quartz kitchen countertops
Bosch stainless steel cooktop, oven and microwave
Bosch cabinet-front dishwasher
Thermador cabinet-front refrigerator
Sleek European-inspired cabinetry
Engineered hardwood floors
Marble or quartz bathroom countertops
Whirlpool washer and dryer
Walk-in closets in most residences
Private balconies or roof decks in most residences
Onsite storage for each residence
Targeted LEED Silver sustainable design
Stay tuned for more information!