Condo News
Ten Twelve First Avenue (1012 1st Avenue)
Ten Twelve First Avenue is a proposed 35-story hotel/condo development in downtown designed by acclaimed New York architect, Ismael Leyva. Not much is known about this project but two penthouse shell listings just hit the NWMLS.
Condo values holding firm…
Seattle’s condo market has experienced considerable fluidity, yet through first eight months this year the citywide condo values have remained on par with 2007.
A tower grows in Belltown
HAL Real Estate Investments recently acquired a 12,960 square foot parcel just north of the Cinerama Theatre along 4th Avenue on which it plans to construct a 400-foot residential tower with 360 units.
Seattle adopts new conversion ordinance
Following the legislature’s lead in passing a condo conversion bill earlier this year, Seattle has adopted a new conversion ordinance providing added relocation assistance and notification to tenants.
Recent condo project price adjustments
Condo projects that have adjust prices so far this month, including the Blue Heron in Magnolia and the Oslo in Ballard and Arthaus on Capitol Hill.
Moda Apartments
Just received confirmation from one of the principals behind the Moda Condominium project in Belltown. The project, which will be completed in just a few months, will in fact be converted to apartments.
Intracorp seeking to unload another property
Just a couple of weeks ago we reported that Intracorp was seeking approval to revise its 1915 Second project, increasing its height from 240 ft to 400 ft. Now, Intracorp has put the property up for sale per this listing on the Moran and Co. website.
Laconia rethinking condos
Laconia Development, the Bay area development firm who’s planning to build two condominium buildings in Seattle, is rethinking those plans. Instead, Laconia may proceed with the projects as apartments.
SLU Block Party – August 8th
The 4th Annual South Lake Union Block party is a lively summertime celebration in Seattle’s hottest neighborhood, a full day of outdoor fun and entertainment for all ages and a fabulous display of dog dexterity. Who could ask for anything more?
