Real Estate
Stadium Lofts Update
Stadium Lofts (website) is gearing up for its upcoming home sales this Fall. The Stadium Lofts project, located at 589 Occidental Ave South (map), will feature 85 single and multiple level loft homes within the historic 1905 building and its new addition. Type of homes available Live/Work Lofts – 3 two-level live/work lofts with private…
2nd & Pike Update
Recently, the Daily Journal of Commerce reported on new developments at the 2nd & Pike project. The developer, Urban Visions, announced that they are within a year of starting construction on the 36-story hotel/condo project. The proposal includes a 150 room 5-star hotel and 150 ultra luxury condominium homes. 2nd & Pike is likely to…
939 Oaktree – North Greenwood
The 939 Oaktree condominium (939 N. 101st Street) is a recent conversion in the North Greenwood area by the Northlake Group who also completed a number of conversion properties in the Ballard area. Of 939 Oaktree’s 15 units, only four remain – 1 two-bedroom and 3 one-bedrooms. The two-bedroom is 946 sq ft and available…
Novell Condominium – U-District condo
The Novell Condominium (website) will be holding its grand opening this weekend at 901 NE 43rd St. from noon to 5 pm. The building is located in a residential area just off Roosevelt. Novell features 36 studio and one-bedroom condominium homes that range in size from 332 square feet for studios to 670 square feet…
New Condo Development Slowing?
With the proliferation of new condominium construction in Seattle there have been valid concerns that the condo market would be over developed with 10,000 units proposed over a 5 year span. However, as some industry insiders have mentioned, Seattle builders are taking a more cautious approach to development. Already, we’ve seen two proposed downtown high-rise…
Smith Tower One Step Closer
The proposal to convert Seattle’s venerable Smith Tower to condominiums is one step closer. The Seattle PI is reporting that the Pioneer Square Preservation Board has unanimously voted to approve the condo conversion proposal. However, it will still need approval from the city’s Landmark Preservation Board. Read the full Seattle PI article.
July Condo Market Update
The Queen Anne and Downtown/Belltown condo market exhibited healthy gains amidst a transitioning market place which helped buoy city-wide results. The median Seattle condo price increased 6.1% over July ’06 and 4.3% over June even with fewer closed sales. Condos also sold faster in July with average days on market of 41 days, the second…
Another Green Lake Condo
The Molnick Group is proposing a new condominium project at the site of the Shell gas station on Aurora Avenue at the NW corner of Green Lake. The parcel is close to the tennis courts and Bath House Theatre. The proposal is for a 4-level structure with 28 units and retail space on the lower…
South Lake Union
Paul Allen’s vision for the South Lake Union area is taking shape and will become an exciting area to work and live. It may be difficult to envision it today as it still has a light-industrial feel to it and there’s still significant development and road work ahead. Nonetheless, SLU is slowly but surely remaking…
More Ballard Conversions
The Northlake Group has been busy with a number of conversions in Ballard as mentioned previously. The latest is 6000 24th Avenue which features ten 2-bedroom and one 3-bedroom units. The homes range in size from 653 square feet (seems rather cozy for a 2-bedroom) to 1,516 for the 3-bedroom penthouse unit. Home prices start…
