Insignia Condominium – Phase I Reaches 50% Sold Milestone
The largest condominium project currently under construction in the Northwest has now reached the 50% sold milestone, and at an amazing speed as well.
The following is from an Insignia press release.
Seattle – September 10, 2014 – Insignia in Seattle, the Northwest’s largest condominium development, is now more than 50 percent sold of its first phase. Construction on the project’s first tower (Phase One) has topped out and is on track to open in late spring 2015, announced Bosa Development.
“We are pleased with the velocity of sales at Insignia, which has exceeded our expectations due its popularity with a range of buyers from Millennials to empty nesters,” stated Nat Bosa, President of Bosa Development. “The community has also embraced us, with many purchasers moving from other neighborhoods within Seattle.”
Insignia’s 41-story towers designed by architect Perkins & Company will be located where Downtown, Belltown and South Lake Union intersect, just two blocks from Amazon’s planned 3.3 million-square-foot office building. Phase One features 350 residences ranging from one to two bedrooms, with prices from the high $400,000s to approximately $2 million.
“The condominium market in Seattle is continuing to pick up steam, as evidenced by the strong sales pace at Insignia despite the addition of new inventory,” stated Alan P. Mark, Founder and President of The Mark Company, Northwest, the broker of record at Insignia. “According to the August Trend Sheet distributed by our firm, Downtown Seattle condominium prices rose 2 percent over the previous year, and new construction inventory was more than 350 percent higher than July 2013.”
Located at Sixth Avenue and Bell Street, Insignia features a collection of one- and two-bedroom homes with dens in select residences designed by Mitchell Freedland. Conceived by renowned developer Nat Bosa, the new condominium merges modern architecture, sophisticated style and breathtaking views.
Building amenities include a 41st floor sky retreat and resident lounge, open-air park terrace with outdoor grilling area, outdoor fireplace gathering area, fitness atrium with yoga and Pilates studio, screening room with entertaining bar, and signature lobby by Mitchell Freedland. The building is targeting LEED Silver certification.
There will also be an outdoor pet retreat, pet wash and grooming area, gated parking garage, residential assigned parking, electric car charging stations, car wash bay, bike storage with work area, and retail shops along a pedestrian friendly street. Proposed future additions in Phase Two, North Tower including an indoor lap pool and spa, and steam room and sauna.
Designer residences at Insignia offer 360-degree views of the city, Puget Sound, Lake Union and nearby mountain ranges. Kitchens include quartz countertops, Bosch stainless steel cooktop, oven and microwave, Bosch cabinet-front dishwasher, Thermador cabinet-front refrigerator, designer Grohe faucets and fixtures, and European-inspired cabinetry. There are also marble or quartz bathroom countertops, a Whirlpool washer and dryer, and walk-in closets as well as private balconies or roof decks in most residences, and onsite storage for each home.
