Real Estate
Marselle Condominium – first look
If you’ve been by the Space Needle recently you’ll have noticed a hub of construction activity along Denny Way near Aurora. Currently, four projects are under way including two apartments, a hotel/apartment complex and a new condominium. The Marselle Condominium, at 115 Aurora Ave, is the latest addition to the burgeoning area just north of…
Hyatt Place Update
When originally conceived, the project at 6th & Denny where Greg’s Japanese Auto used to be was going to be the newest addition to the hotel & condo hybrids popping up in the city. Instead, work is now progressing on a hotel & apartment project. The developer has opted to switch to apartments given the…
Condo Legislative Update – Reserve Studies
A couple of interesting bills are easily moving through the House and Senate concerning condominium reserve studies and reserve accounts. A reserve account is supplemental to an association’s annual operating budget and is used to fund major maintenance, repair and replacement of common elements. The purpose of the reserve account is to offset the financial…
Area Projects Pick Up Marketing Awards
The National Sales and Marketing Council announced its 2008 “The Nationals” Gold Award winners this past Wednesday in 59 categories. The awards honor new-home sales and marketing homebuilders, developers, associates, and consultants. From among the 1,400 entries, Seattle winners were represented by Escala and Veer Lofts (Vulcan): Best Buyer Retention Program – Escala Best Sales…
More on Heron & Pagoda Towers
More preliminary renderings of the Heron and Pagoda Tower project in downtown Seattle. Just based on the scale of the project (1.2 million square feet, $900 million) and striking architecture, this has got to rate as the most exciting development Seattle will experience. The project will consist of two 43-story towers (550′), up to 200…
January Market Update
Seattle’s condo market continues to exhibit a state of flux. Last month the condo median price dropped .49% to $305,000 compared to January 2007, the first year-over-year decrease in over 24+ months. Compared to December, the median price was down 4.7%, though typically the median price in January is lower than December. As anticipated, the…
Listings and an Open House
Just brought on two fantastic one-bedroom condo units at the Regata and Asia. These are perfect entry-level opportunities for anyone looking to enjoy the urban, in-city lifestyle. The Regata, Unit #120 This home is only the third one-bedroom unit to come on the market in over two years in the highly desirable Regata Condominium, located…
Conversion Spotlight
Queen Anne The Newbury Etruscan (website) is a small conversion project on the North side of Queen Anne at 49 W. Etruria. Originally built in 1968, the project features only 8 condominium homes comprised of 6 one-bedrooms about 680 sq ft in size and 2 two-bedrooms that are 860 sq ft. All 8 units are…
