LUMA Condo Planned for First Hill – 1321 Seneca
From a press release:
Lowe Enterprises Investors (“LEI”) today confirmed that they will break ground this fall on a 24-story condominium tower at 1321 Seneca. Located three blocks from the new Capitol Hill streetcar, the property will be the first condominium high-rise building developed in the First Hill neighborhood since 1982 and among the first in downtown Seattle’s neighborhoods since 2008.
The project is called Luma and will include 168 condominium residences ranging in size from 600 to over 1700 square feet. Luma is a word from video image production used to describe the brightness in an image.
“The dark and light façade treatments of the building have a film noir inspiration that celebrates the art and culture of First Hill,” said Suzi Morris, Senior Vice President of Lowe Enterprises. “We wanted a building that infuses artistic high-rise architecture while making connections to the old world charm of the tree lined neighborhood.”
Last year, LEI confirmed their intent to build a condominium high-rise but did not have a definitive start date. “We believe now is an ideal time to bring back high-rise home ownership in established neighborhoods,” stated Morris.
When completed in the spring of 2016, the project will feature a large rooftop community amenity area, a fitness center, five levels of underground parking, and special areas for bike storage. The development will not include any retail. “We want residents to support existing local businesses,” said Morris. “We want to complement the fabric of an already great neighborhood.”
Red Propeller and Julie McAvoy of McAvoy Real Estate have been selected to manage the marketing and sales of the project. Stephen Fina, partner of Red Propeller will lead the marketing effort.
“Luma will be an iconic building,” said Fina. “It will sit at the crossroad of two great neighborhoods, First Hill and the Pike Pine corridor. Luma is also coming to market during the emergence of a new residential market. This is not the condominium market of the last cycle… This cycle will have a reduced number of condominium projects developed, resulting in fewer opportunities for buyers to purchase a condominium home in the greater downtown market. For Luma residents a purchase will be about creating a home in a neighborhood that has it all. Luma is walkable to any part of downtown and only ten minutes by foot to South Lake Union and Pioneer Square. At night residents will be steps away from all the great destinations on Capitol Hill and in the Pike Pine corridor,” concluded Fina.
The project team includes Lease Crutcher Lewis as general contractor, Weber Thompson providing architect, interior designer and landscape architectural services, and Magnusson Klemencic Associates providing structural and civil engineering.
View Luma Condo Units for Sale
Renderings courtesy of Weber Thompson
