Real Estate
AVA, I Hardly Knew Ya
The AVA condo and hotel project at 8th and Pine has become the latest development to officially be put on ice. At least for the time being. According to the Puget Sound Business Journal, AVA has suspended active sales and is holding off opening its sales center until the market improves. However, the developers plan…
More troubled waters ahead?
Just some observations… Spoke with King5’s Bernard Choy today about some major price decreases, namely Madison Lofts and Cosmo. Check out unit #210 at Madison Lofts, SW corner unit – was $549,000 now $429,950. In his report, Bernard stated ML is taking some pretty steep decreases, up to $200,000. Pre-sale investors are jumping ship. I’m…
Copper Lantern Homes – Kenmore
The Low Income Housing Institute recently broke ground on a new affordable townhouse condominium development called Copper Lantern Homes located in Kenmore at 7026 N.E. 182nd Street. The development will contain 33 two-, three- and four-bedroom homes and is aimed towards first-time homebuyers earning up to 80% of the county’s median income. Prices are expected…
2015 2nd Avenue Design Review
Due to landmark review requirements for the Terminal Annex Building, the 2nd Avenue twins are proceeding individually. A design review meeting for the 2015 2nd Avenue project has been scheduled for Tuesday, June 24th at 5:30pm at Seattle City Hall. The proposal for 2015 2nd Avenue, located on the NW corner of 2nd and Virginia,…
It’s Elemental, My Dear Seattle
Pb Elemental is a local company comprised of architects, structural engineers and in-house sales, who’s attempting to redefine Seattle architecture one parcel at a time. Their portfolio is comprehensive and includes single family residences, townhomes, mid-rise apartments, live/work lofts, commercial structures and a pencil thin highrise. There is consistency in their design style; the first…
May 2008 Condo Market Update
May’s condo market performance reflected an improvement over April marking the second year-over-year increase in median price this year. At $320,000, Seattle’s condo median price increased 2.4% over April and 4.1% over May of last year.
Zulo Condominium – North Seattle
Nestled in the North Seattle neighborhood of Licton Springs is the newly converted Zulo Condominium development (website). What’s with the name? Zulo is Spanish for “hideout”, thus the naming implies an “urban hideout” retreat. Zulo includes just 12 condominium homes within 2 buildings consisting of 8 two-bedrooms and 4 one-bedrooms. The two-bedrooms range in size…
Florera Condos Revisited
With the Florera (website) wrapping up Phase I, it’s time for an update (see my previous visit and review). The Florera is a new condominium project developed by Pryde + Johnson, builder of Hjarta and Ashworth Cottages. Phase I consists of 59 studio, one-bedroom, one-bedroom + den and two-bedroom homes located just a couple of…
Moda Sold Out, Again
UPDATE: Moda is converting to apartments. Received news this morning that Moda Condominium in Belltown has sold the 40 some units that came back on the market a couple of weeks ago. A number of those units were made available due to buyer financing issues or buyers backing out due to decreases in square footage.…
WestWater Condominium – West Seattle
The WestWater Condominium (website) is a recent conversion development located in West Seattle at 6960 – 6970 California Ave SW. Originally built in 1989, the two building 4-story complex contains 71 condominium homes with an expansive community courtyard. The WestWater came on the market last year and has sold about half of its inventory, not…
