Real Estate
5th and Madison Update
The tall, slender 5th and Madison (website) project is well underway across the street from the Seattle Central Library. Occupancy is on-target for October making the project one of the few due to be completed this year. I had an opportunity to take a hard hat tour of the building to see how it was…
The Friday Round-up – 5/25
Land Use Update Just saw a bulletin for a new 46-story hotel/residential project at the corner of 5th Avenue & Stewart which is currently a parking lot (next to the Escala presentation center). The proposal calls for 175 hotel units and 190 residential units which I presume will be condos. A 2nd early design meeting…
ICON Tower Info
Laconia Development (fomerly Levin Menzies) received city-approval for the master-use permit of its 29 32-story ICON Tower. Designed by Weber+Thompson and Vancouver, BC – based engineering firm Glotman Simpson, the slender tower sits on a triangular 10,665 square foot parcel at Denny Way, Wall Street & 6th Avenue. Construction is slated to begin in early…
Entry-Level Inventory Shrinkage
The Seattle Times recently had an interesting graph on the availability of entry-level condos over the past 15 years. The last few years have seen a drastic decrease in sub $200,000 properties. The majority of buyers that my team and I work with are first-time homebuyers and we definitely feel the squeeze. In fact, under…
Luxe Condos – Queen Anne
The Luxe Condominium (website) located at 500 5th Avenue West on lower Queen Anne is the newest conversion project by Metropolitan Homes. Metropolitan recently developed the Plaza del Sol and Mezzo condo projects on Capitol Hill. Luxe consists of only 39 one- and two-bedroom condominium homes including multi-level penthouses that surround a central atrium. The…
Seattle Condo Expo – recap
Amid great fanfare the Seattle Condo Expo was held this past weekend. The event provided a great opportunity for potential buyers to get a feel of the upcoming condominium projects in the downtown & Bellevue areas. And, many of the presentations provided useful and insightful information about the future of Seattle’s condo market. For consumers…
CityScape 2010 Virtual Tour
The highlight of the 2007 Seattle Condo Expo was the CityScape 2010 Virtual Tour developed by Weber + Thompson and Urban Condominiums. The tour can be found on the Urban Condominiums website. Click on the CityScape banner at the top of the page. The tour starts with a flyover of the downtown area. Once the…
Friday Condo Round-up
With competition fierce many projects are offering buyers sweet incentives. Here are a few: CityView Leschi – $5,000 buyer bonus PLUS 1-year paid homeowner dues. Queen Anne High School – $10,000 buyer bonus for homes sold in May. Both require buyers facilitate loans through the preferred lender for the buyer bonuses. Trace Lofts Buyer’s…
Expo 62 to Begin Sales
The Expo 62 project has been sold as an apartment building. After much anticipation for lower Queen Anne’s newest condominium community, Expo 62 will begin sales starting Tuesday, May 22nd by appointment only. Prior to the purchase & sales appointment, now through May 20th, interested buyers should schedule a home preview and selection appointment and…
What is a Condo Reserve Study?
Farren West is the owner of Key Inspection Services. This is the second article of Farren’s series for SCL. Farren can be contacted at FarrenWest (at) KeyInspectionServices.com. Once you and your real estate professional have found the right condo to meet your needs, the best location/price/aesthetics/etc you will now begin the process to understanding the…
