Real Estate
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.
200 West Highland Hard Hat Tour
This afternoon Lorig Associates hosted a special tour of its exclusive 200 West Highland condominium development located across from Kerry Park.
DPD Says No to Short Term Rentals
The Department of Planning and Development recently ruled that short term rentals are considered commercial activity, and therefore, prohibited from multifamily zoned structures, i.e., condos. According to the Daily Journal of Commerce, a group of unit owners at the Elektra Condominium requested interpretation of the code after the city began enforcing the code against owners…
2nd Avenue Towers Design Review Meeting
On Tuesday, July 22nd, the city’s Design Review Board will hear two proposals for high-rise structures on 2nd Avenue – 1915 2nd Avenue and 1931 2nd Avenue, both have been before the board previously.
Friday Round-Up
Townsend is a community of 13 new construction luxury townhomes on Queen Anne’s desirable South Slope. The four-level homes range in size from 1,720 to 2,580 and offer spectacular downtown, water and Space Needle views.
Lakeview Residences – Capitol Hill
The Lakeview Residences is the latest residential development by Hunters Capital. Nestled along Lakeview Boulevard on Capitol Hill’s Western slope, the exclusive six-home Lakeside Residences command sweeping views of Lake Union and the Olympics beyond.
June 2008 Condo Market Update
June exhibited a solid month for Seattle’s condo market. Though unchanged from May, the citywide condo median price of $320,000 reflected a 6.7% increase over June of last year, marking the second consecutive year-over-year increase since December. In fact, most neighborhoods recognized value appreciation last month.
