Real Estate
Conversion Spotlight
Recently, a number of newly converted condo projects popped up in the MLS. Here’s a breakdown of these developments located in West Seattle, First Hill, Lake Washington and North Seattle.
Recent Price Adjustments
Recently, a number of condo developments, both new and conversions, adjusted prices downward. Here’s a list of those that have dropped prices in the past few weeks.
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.
Bellevue Towers open house event
Bellevue Towers, the Eastside’s most hyped (and likely to be one of the region’s few condo successes) is hosting an open house of three newly completed model homes. The model homes, which range in size from 800 sf to over 1,600 sf, showcase three distinct interior designs with budgets from $20,000 up to $100,000.
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.
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.
