Real Estate
Smith Tower Conversion Scaled Back
The Seattle Times reported today that Smith Tower’s owner, Walton Street Capital, has amended plans to convert the venerable landmark. The new proposal calls for converting the top 12 floors to condominiums with one unit per floor, roughly about 2,000 square feet each. Read the full article at the SeattleTimes.com: Smith Tower condos: Only the…
Seattle Condo Market Update – December 2007
The Seattle condo market saw a modest 2.7% increase in the median price in December, rising to $320,000, compared to the prior year. As expected during the close of the year, the number of active listings, pending sales and closed transactions fell last month. There were only 174 pending transactions in December, the fewest over…
Best Views in Belltown?
Martin Selig Real Estate is proposing a new 14-story apartment building adjacent to the Olympic Sculpture Park. Located on the north end of the park, residents at the 3031 Western project will enjoy unobstructed front-row park, downtown and Elliott Bay views. …the vision calls for layers of glass “veils” with various degrees of translucency and…
Seattle Condo Market Update – Nov 2007
Lets start with the bad news first. The median price for Seattle condos fell for the third consecutive month; it now stands at $305,000, a 3.3% decrease compared to October. And, as we’d expect with cyclical patterns, fewer condos were sold last month, though pendings transactions remained unchanged. The good news? Overall, Seattle’s condo market…
Are Seattle Condos Uninspiring?
A reader, Phoenix, sent me the following email about the new projects lacking innovative architectural design. I think I have to agree with him. I have a question that anyone who has any interest in the Seattle/Bellevue condo boom might find interesting. I have a huge interest in architecture and what a city’s skyline say’s…
Site Status & News
Server Status: The blog was transferred to a new host and everything should be back to normal. King5 Interview: l was interviewed by King5 today about the condo market, particularly the state of conversions reverting back to apartments and the overall health of the market. It was my first camera interview, it went swiftly and…
Are Aurora Ave condos a tough sell?
Apparently it must be true when the DJC runs a feature article about developers dealing with the negative perception of being on Aurora. Here’s an excerpt related to the Domaine project. Intracorp is using noise mitigation tactics for its 92-unit Domaine condo project now under construction just south of Canlis Restaurant. Like the Kauri project,…
Seattle Civic Square – Downtown
Just West of Seattle City Hall is the proposed Civic Square project that’ll encompass an entire city block between 3rd and 4th Avenues and Cherry and James Streets. Civic Square will feature an open plaza with an amphitheater, water features, retail space, a Metro/Light Rail station and a 40-story office & residential tower. The curved…
Stadium Lofts Delay Presales
Stadium Lofts has delayed accepting reservations until early next year. Originally, reservations were to begin this month but it appears they are still finalizing interior finishes and pricing. There was also a hold up with permitting approval after the developer altered the original design with additional floors. Latest rendering: Previous rendering:
