The Seattle Condo Blog

A second design review board meeting has been scheduled for the apartment development project at 1222 E. Madison, which is adjacent to Trace Lofts and Trace North. The proposed project is a 6-story 104-unit residential building with ground level retail.

The meeting is scheduled for July 1, 2009 at 6:30 PM at the Montlake Library (2401 24th Ave E).

CHS Capitol Hill Seattle had a good write up of the last design review board meeting held back on June 3rd.

Early design version:

Location, E. Madison at 13th Avenue:

The project is has been proposed by Wallace Properties (507 Northgate & Taylor 28) and designed by Baylis Architects.

Images: Courtesy of Baylis Architects

A few local condo projects are now claiming a place on the social networking site, Facebook. With more than 175 million users, Facebook provides another venue to tout new condo projects as well as to bring new owners and future neighbors together.

Marketer/Developer created Facebook pages/groups:
- Brix
- Veer Lofts
- Enso
- Rollin Street
- Trace
- Maison Jiselle

Buyer/Owner created Facebook pages/groups:
- Veer Lofts owners group
- Rollin Street buyers (profile page, “friends” accepted once purchase is verified)

Besides Facebook, a few condo community blogsites have also been popular for owners, residents and condo aficionados alike – Cosmo Seattle, Fast Times at 2200, The Grandview and Mosler Lofts (restricted).

Hip and urban open one-bedroom loft in the heart of the eclectic Pike/Pine neighborhood. Trace Lofts #308 is the first resale available at the recently converted 1919 building.

This inviting home features large South facing windows creating a light-filled, warm interior that’s accented with exposed brick walls, timber ceiling & reclaimed Douglas Fir floors. The richly appointed modern kitchen features mahogany-stained oak cabinets & Inca Basalt tiled countertops and is equipped with GE Profile stainless steel appliances including a gas range.

The home’s industrial loft character includes high ceilings with exposed duct work and piping. Trace Lofts is in the center of the revitalized Pike/Pine triangle and is close to everything – entertainment, nightlife, shops, cafes and bistros.

Offered at: $315,000
Unit info:  615 sq ft, includes extra storage and assigned parking
Pet friendly: Yes
MLS#: 28185785

For additional info and photos, please click here or contact us.

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Additional information and photos

This property is listed with TSCB’s Ben Kakimoto & Barb Andersen.

Trace Lofts (website) report they are down to their final 5 units. Four of the units are on the 4th level with the remaining unit on the 5th level. Prices range from $485,000 for a 703 sq ft loft to $850,000 for a 1,154 sq ft loft.

Next door at Trace North, construction is expected to be completed by June. About 30 of the 100 units have sold and the developer just released another 20 units. Current prices at Trace North range from $230,000 for a 474 sq ft studio to $525,000 for a 952 sq ft two-bedroom home.

Trace’s New Neighbors

1210 11th Avenue
Union & Madison LLC has proposed a 5-story 91-unit complex on the triangular block SW of Trace Lofts. The building is designed by Runberg Architecture Group whose other projects include The Crawford on Capitol Hill and the Selano in Lower Queen Anne.

1111 East Pike
Designed by Tom Kundig of Olson Sundberg Kundig Allen Architects, 1111 East Pike is just west of Trace North on E. Pike Street. The proposed 6-story project will feature 27 condominium homes. See also.

1 Hotel & Residences – Downtown
1 Hotel & Residences broke ground this past week. The $200 million project states they are more than 50% reserved on condo homes and oversubscribed on city suites (hotel / condo units).

AVA Condos – Downtown
AVA Condos will begin scheduling private preview events in July for interested buyers. At 445 feet, AVA will be Seattle’s tallest residential tower.

aZul Flats – Fremont
aZul Flats is offering a $7,500 buyer bonus on 2 bed / 2 bath homes for a limited time.

Fini Condos – Phinney Ridge
Fini announced that interested buyers still have time to select their color scheme. The color scheme selection deadline is July 1st.

CityView – Leshi
CityView reduced prices on select homes and are still offering paid HOA dues for a year and a $5,000 buyer bonus.

The Parc – Belltown
Parc is 85% sold and approaching completion. Homeowners will be able to start moving in later this Summer. Units are still available starting from the mid-$300,000s.

Escala – Midtown
Escala reports they passed the $50 million sales mark during the 1st month of sales.

Trace Lofts – Capitol Hill
Trace reports they have sold over 60% of their homes and have released 10 additional units. The buyer’s lounge is now open in the Gun Club 4-9 PM on weeknights and 10 am – 6 pm on weekends.

For additional information or questions about condo or loft projects, please contact us.

With competition fierce many projects are offering buyers sweet incentives. Here are a few:

CityView Leschi – $5,000 buyer bonus PLUS 1-year paid homeowner dues.

Queen Anne High School - $10,000 buyer bonus for homes sold in May.

Both require buyers facilitate loans through the preferred lender for the buyer bonuses.

Trace Lofts Buyer’s Lounge is now open. The hours are Mon-Fri from 4:00 PM to 9:00 PM and Sat-Sun from 10:00 AM to 6:00 PM. The lounge is located at 1408 12th Avenue and parking is available at 1410 10th Avenue (2 blocks West of Trace Lofts).

22 West Lee reports they are 50% sold, excellent for a high-end condo project. They will be hosting a Broker’s Open on Tuesday, May 22 from 11 AM to 2 PM.

And, finally, the Seattle Condo Expo is this weekend at the Westin Seattle.

Trace Lofts will be holding an informational forum for those interested in learning more about the project. There will be a short presentation followed by a Q&A session with the project team (developer, ek Group, architect, interior designer and the creator of the Gun Club.

When: Wednesday, March 28th
Time: 6:00 PM to 7:00 PM
Where: Fisher Plaza East Lobby (140 4th Ave N)

Trace Lofts, a new loft development on Capitol Hill, has released its Reservation Process which will begin in February. Loft units range from 550 sq ft to 1,100+ sq ft with prices from $300,000 to over $800,000. The reservation deposit amount will be based upon the price range category of the unit.

For complete Pricing and Reservation information, please download the Trace Loft Reservation Process pdf.

Preview Event:

Trace will be holding a Buyer Preview for those interested in learning more about the project.

When: January 18th, 6:30 – 9:30 PM
Where: Osteria La Spiga, 1429 12th Avenue, Seattle (Map)

The Trace Lofts has rolled out an updated website. While it’s nicer than the previous version, it’s still lacking quite a bit of information. Visit Trace Lofts.

The Trace Loft (website) is part of a revitalization project of 12th Avenue between Pike and Madison on Capitol Hill. The Trace Loft is an upscale 42-loft renovation of a 1920s warehouse. Preliminary prices range from $300,000’s to $700,000’s.
The 12th & Madison project will also include 100 high-end apartments and 8,000 square feet of retail and restaurant space in the North Loft Building, adjacent to the Trace. Across the street will be the 12th & Pike Marketplace Lofts consisting of retail space and rental lofts. Project is slated for completion in early 2007.

Updated 7/26/06