Real Estate
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…
Play Doh Challenge Results
An enormous THANK YOU to everyone who participated in the SCL Play Doh Drive Challenge for Seattle Children’s Hospital. Thanks to your generosity we raised 674 jars of Play Doh!
200 West Highland – Queen Anne
Post updated July 2008 Though it may have had a controversial beginning with the demolition of a 1920 apartment building across the street from Kerry Park, 200 West Highland Condominium (website) will be a nice addition to Queen’s South Slope, that is, if you can afford it. Prices are expected to start from $1.2 million.…
Friday Condo Update – 7/27
Hjarta – Ballard Hjarta invites everyone to join them at this weekend’s Ballard SeafoodFest. The SeafoodFest runs Saturday from 11 am to 8 pm and on Sunday from 11 am to 7 pm. Hjarta is a sponsor of the festival. Florera – Green Lake Florera is hosting a second “green” weekend at its sales center…
22 West Lee – Art of the Hill Event
22 West Lee, a new upscale condominium project on Queen Anne Hill, is hosting an “Art on the Hill” event on Thursday, July 26th from 5 PM to 8 PM. A variety of art work will be available for sale including mixed media, oil paintings and photographs. Catering will be provided by Bacchus & Arianna.…
