The Seattle Condo Blog

Updated
The Stewart + Minor project (website), located on the edge of downtown in the Denny Triangle district, is anticipated to be one of Seattle’s most unique, sleek and customizable loft towers.

The 440 foot-tower will feature a hotel on the lower 14 levels and 168 loft homes on the upper 14 levels.

The concept is based on a 600 sq ft open one-bedroom design with an 18′ ceiling height. Buyers may elect to customize the base units with a 2nd mezzanine/loft-level that’ll reconfigure the unit to a formal one-bedroom plus den and two bathrooms. With the mezzanine/loft level, livable space is increased by nearly 50%. Buyers will also have the option to combine units creating larger living spaces. The mezzanine/loft level can either be included as an upgrade at purchase or added at a future date.

The main level layout is fairly similar to the 600 sq ft open one-bedroom units at The Gallery, except the kitchen does not extend as far into the living room area. All homes will come with an unfinished mezzanine level that covers the bath and part of the bedroom.

Interiors will feature floor-to-ceiling windows, exposed concrete columns, exposed metal ducts, solid surface floors and stainless steel appliances. The units are being designed to allow owners considerable interior personalization options. The building will be topped with a rooftop terrace and bar.

Homes are expected to start from the low-$400,000s to more than $1 million. The project is anticipating first occupancy in 2011 and expects to begin construction in late 2008 or early 2009. A sales presentation center will likely open by next summer.

Read the full story

The Clise family, a major land owner in the Denny Triangle area, has put nearly 13 acres up for sale. With the recent zoning changes, this large swath of land is prime real estate for redevelopment. The parcels have a capacity of 13 million square feet of development which could exceed $7 billion in investments.

- Seattle Times article & this one

- Seattle PI article

- PSBJ article

Vulcan Real Estate announced that its 2200 project has been nationally recognized by the Urban Land Institute (ULI) as one of 10 winners from across the country in the 2007 Awards for Excellence competition. The award is widely recognized as the country’s most prestigious land-use recognition program.

The criteria for the award include leadership, contribution to the community, innovations, public/private partnership, environmental protection and enhancement, response to societal needs and financial success. Winners are selected based on a rigorous judging and interview process that includes evaluation by the nation’s top industry peers as well as site visits to each project. Final award recipients will be honored at an awards ceremony taking place at the ULI Spring Forum on May 11 in Chicago.

Read the full story

Here’s a useful map of new buildings in the downtown area.

Click here for larger image.

From the Puget Sound Journal’s State of Downtown insert.

Capitol Hill:

The developer for the 514 E. Pine Street, the strip on Pine between Summit & Belmont, has filed an application for a 6-story 106-unit residential building, plus retail space. The SLOG has a rendering and a lively discussion.

A hearing has been set for 1827 Broadway, where Chang’s Mongolian BBQ used to be, and the adjoining parking lot. The proposal is for a 6-story 65-unit residential building with a restaurant at street level. Wednesday, April 18th at the Yesler Community Center at 8:00 PM.

Green Lake:

A supplemental hearing as been set for 7104 Woodlawn Ave NE, the former Vitamilk block. The proposal is for two 6-story buildings consisting of 236 residential units and retail space. Monday, April 16th at the University Heights Community Center at 8:00 PM.

Downtown:

The 1800 Terry project, the old Regence Building, has received a design review conditional grant for its 30-story 261-unit residential tower.

Equinox:
The Equinox sales team report that they’re off to a quick start. Eighty-five percent of those with appointments during the first weekend purchased a home.

Four Seasons:
The uber-exclusive Four Seasons reached a construction milestone this week as the new landmark building rose above street level. At this pace, each floor will be completed every two weeks.

Pioneer Properties:
Preservation-focused Pioneer Properties report they are gearing up for the release of their next three projects later this Spring. They include The Pittsburgh (lower QA), The Nord (Pioneer Square) and The Betsy Ross (Capitol Hill).

Carbon 56:
Carbon 56 recently adjusted their prices. Some units increased in price, some decreased. I’ve updated the most current price list on the Carbon 56 posting.

CityView at Leschi:
CityView indicates they are more than 25% sold. A great start for this conversion project.

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Site Maintenance:
I will be working on some maintenance issues this weekend. While I don’t expect any problems, the last time I manually upgraded software the site was unavailable for a few hours.

Escala

Escala broke ground this morning. I didn’t stick around for the ground breaking but I did tour the recently completed 2,600 sq ft penthouse model unit; it’s impressive.

8th and Pine

300+ unit condominium, completion expected for 2009.

Seneca Towers

A 7- and 24-story tower project with 210 residences ranging from 450 to 1,600 square feet. Ground breaking is slated for mid-2007, developed by Levin Menzies. Located at 8th and Seneca overlooking Freeway Park.

CarrAmerica

Located in the South Lake Union District, CarrAmerica is a 5-building mixed-use office, retail & residential development. No dates yet.

Images:

8th & Pine

Seneca Towers

A number of 2200 re-sales have hit the market. Currently, there are approximately 18 resale properties on the market.

View current listings

If you’re keeping track of 2200 sales activity, the addresses for the three buildings are (map):

• 2121 Terry Avenue
• 900 Lenora Street
• 910 Lenora Street

Sampling of sales as of 2/6/07

Information acquired from public records and are deemed accurate but not guaranteed.

Post Updated: 2/6/07

Sneak Peaks 2 takes a look at several proposed projects. None of these are certain and may never come to fruition. Nevertheless, it’s a chance to see what’s may lie in Seattle’s future.

5th & Bell (site of Teatro Zinzanni):

Project consists of two 32-story towers on top of an 8-story base with plans for 640 residential units, 34,000 sq ft of retail space and 1,063 parking spaces. This project’s proposed completion is 2010.

2nd & Pike:

The proposed project is a mixed-use 35-story building with 200 residential units, retail and below-grade parking.

420 Queen Anne Avenue N:

This proposal is to develop a mixed use six-story building with approximately 1,800 sq. ft. of ground floor retail, 23 residential units of floors two through five, and below-grade parking for approximately 28 vehicles. Not sure if this is a condo or apartment building.

715 E. Pine St:

Proposed for the BMW Seattle site in the Pike/Pine Corridor. The project is 6-stories with 208 residential units, 50,000 sq ft of commercial space and parking for 190 vehicles.

809 Olive Way:

This 27-story project is an apartment not a condo. So, why add it here? It’s proposed for the site across the street from Olive 8 to the east thus blocking Olive 8 in with Qwest Plaza on the west side. Not sure if it’s an condo or apartment.
8th & Pine:

Not much is known about this project, but the zoning changes allow for a 45-story condo/hotel project (180 condo units). One of the partners is Vancouver, BC-based Executive Hotel & Resorts and the other is the CEO of Zones. If constructed, the 8th & Pine building will overshadow Olive 8 on the south end, completely boxing in Olive 8.

Due to overwhelming interest in the project, the developers will host a preview event ahead of the sales center’s scheduled opening. The event will be held on July 27th @ 5 PM at 414 Stewart Street, Ste 200. The Escala reception center will include a 2,600 sq foot prototype, preliminary floor plans and introductory pricing. Reservations will be accepted at the event. For more info, please view the Escala Midtown post.