Real Estate
Pontedera Condos
HomeSight, a non-profit community development company, is breaking ground on a new condominium project in Seattle’s Rainier Valley neighborhood on city-owned surplus land intended for affordable workforce housing. The six-story $32 million project will feature 17 live/work lofts and 85 condo units. Prices will start from $220,000 with financing assistance up to $120,000 for families…
AVA Condo Update
AVA (website) announced they’ve recently secured a Master Use Development Permit (MUP). The 39-story tower at 8th and Pine will feature traditional condominium homes and a luxury hotel. AVA’s developers anticipate construction to begin by the end of the year. The AVA presentation center, located at 8th & Olive, is nearing completion and should open…
Art House Apartments?
Could the Art House development be the latest condo project to go apartments? The developer, the Pauls Corporation, has apparently been researching apartment development in the Seattle area. Pauls has a property management division so it might not be out of the question. Whether it’s condos or apartments it’ll appeal to urban dwellers with its…
Eleven Eleven East Pike Condos (1111 East Pike)
Eleven Eleven East Pike (website) is the first condominium project designed by Tom Kundig, an AIA award winning principle with Seattle-based Olson Sundberg Kundig Allen Architects. Eleven Eleven East Pike blends modern, even playful elements, with Capitol Hill’s rustic character within the Pike/Pine corridor. Situated half way between Trace Lofts and Monique Lofts, the six-level…
Trace Lofts Update
Trace Lofts (website) report they are down to their final 5 units. Four of the units are on the 4th level with the remaining unit on the 5th level. Prices range from $485,000 for a 703 sq ft loft to $850,000 for a 1,154 sq ft loft. Next door at Trace North, construction is expected…
February 2008 Market Update
February performance results expressed the buoyancy of Seattle’s condo market. As we’d expect moving towards Spring the market is beginning to pickup with increases in the number of sales, closings and median price. Compared to January there was a 20.7% increase in the number of properties going under contract (pendings), a sign of buyer’s confidence…
1 Hotel, Where R U?
1 Hotel announced they are delaying start of the project again, this time for another 6 months due to a second redesign of the project, according to the DJC. The redesign will add traditional hotel rooms and reduce the number of the City Suites. The plan now calls for 51 traditional condos, 44 City Suites…
Bellevue Towers Price Protection
Following Olive 8’s lead Bellevue Towers is now offering a price protection guarantee to new buyers. This program guarantees that the price of a home purchased now will be appropriately adjusted at closing if similar homes are subsequently sold for less than the current list price. In addition, Bellevue Towers is offering a limited-time rate…
New Green Lake Condos
A couple of new condo developments are coming to Green Lake. With significant revitalization projects underway on the Northeast end of the lake, it’s good to see new developments on the West side. Information is sparse, and subject to change, but this is what I’ve been able to gather so far. Tyee At Greenlake Currently…
New Downtown Apartments
The condo front has been pretty quiet so I thought I’d highlight some of the new apartment developments coming up in the downtown area. A number of the apartment projects rival the scale, amenities and upper-end finishes of new condominiums. The Olivian Location: 8th & Olive Building: 27-story, 224 units Developer: The Hanover Company Architect:…
