The Seattle Condo Blog

According to the NWMLS, at least four pre-sale buyers have listed their 1521 units on the market. This is a unique situation since they do not yet own the property they are selling - it’s not quite a resale nor an assignment. Instead, they are marketing the units seeking simultaneous closings. That is, the original pre-sale buyer will close with the developer first (provided they can successfully close) then immediately close the second transaction with the new buyer.

These are all two-bedroom units, ranging in size between 1,700 to 2,000 and are listed between $1,250,000 and $2,100,000. Closing dates are slated for December and February. Presently, there are eight units at 1521 listed in the NWMLS.

Driving through downtown today I saw a group a people in a parking lot on 2nd Avenue. My first thought was who got shot. It was the ground breaking ceremony for 1521.

Escala - work recently started on the lot.

Brix - the old Safeway is now being demolished. Completion date has been pushed to 1st quarter of 2008.

When complete the slender 440-foot Fifteen Twenty-One (website) will be Seattle’s 2nd tallest residential high-rise. The 38 story building will feature 143 luxury residences ranging between 1,660 to 2,860 square feet with prices starting from $1 million. It will be the first tower to be completed under the city’s new zoning regulations. By the end of April, 75% of the units were reserved.

Building amenities will include a concierge, landscaped roof deck with a rooftop club room for entertaining, spa-like fitness center, a pilates & yoga studio and a business center.

Situated on 2nd Avenue between Pine & Pike Streets, the building will be flanked by the 2nd + Pine condominium project and the Four Seasons Private Residences at First Avenue and Union Street.

photo: Seattle PI