Real Estate
Washington Square – Bellevue
The second of Bellevue’s new condo projects, Washington Square, developed Wasatch Development, is taking form on the north end of downtown Bellevue (map). When complete, the $1.2 billion 10.5-acre super-block project will encompass four residential towers, a hotel/condo tower and an office tower making it one of the more ambitious developments in the greater Seattle…
Equinox Condos – Sales & Preview Info
UPDATE – Aug 2009: Equinox’s developer, Schnizter West, has confirmed that Equinox has converted to apartments. Presale buyers were given the option of receiving their earnest money deposits back or purchasing a home in another Schnitzer property, such as Brix or Gallery. Equinox is a new condominium development just north of the junction of Eastlake…
Curbing Conversions
The legislature is considering curbing condo conversions with bills in the House and Senate. The Seattle PI reports a compromise has been reached by the House and special interest groups. For more information, please read my post at Seattle Housing Buzz.
Leona Condos – Queen Anne
Located on Queen Anne’s south slope, Leona is the newest and most luxurious conversion in Seattle (map). Originally constructed in 1909, the building was one among the first multi-family structures built on Queen Anne. As part of the conversion, the interiors are being rebuilt, parking will be moved underground, new townhomes will be built on…
Friday Odds and Ends
Is Civic Center Ready for Residents? Seattle Times columnist Nicole Brodeur wonders if the lot across from City Hall will attract condo-owners. Would buyers of $500,000 to $1 million condos co-exisit with the raw, urban surrounding? I scanned our surroundings. Loitering. A bail bonds place. People lined up for free bag lunches. A man sat…
Daily Journal of Commerce Condo Special
The Daily Journal of Commerce just released a condominium special covering a number of topics from conversions, space, market forecasts to ventilation. The DJC is subscription-based but the special report should be available without a subscription. The articles were written by the principals of condo marketing firms, developers and an architectural firm and there is…
More Market Info – NWMLS March Update
The NWMLS March update press release is out and it does confirm a strong start for the year, especially for the condo market. Figures for February show system-wide gains in both pending sales (offers made and accepted, but not yet closed) and sales prices compared to a year ago. Results were mixed among the 19…
Smith Tower Condo Review Meeting
On the agenda for the March 7th Pioneer Square Preservation Board meeting will be a review of the plan to convert Smith Tower into condos. The proposal calls for reclassification of the building to allow for retail on the ground floor and 150 condo units above. Where: Seattle City Hall, 600 4th Ave – Boards…
February Condo Market Update
February rebounded from a slow January start with condos in Seattle’s core neighborhoods realizing healthy increases, based on median sold prices. Though, average sold prices did take a tumble. While I didn’t include it in the chart, the number of closed sales increased in February compared to January. Source: NWMLS, Information deemed accurate but not…
Friday Odds and Ends
CityView Condos Price Adjustment CityView recently reduced prices on available units, upwards of $25,000 on 1 bedroom units, bringing price per square feet between $350 to $410. Two bedrooms reflected a $10,000 reduction. This was anticipated and when taking into consideration current market conditions as well as the nicer finishes, unit size, age of building…
