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Watermark Tower

Watermark Tower

Project: Watermark Tower Address: 1107 1st Ave, Seattle 98101 Neighborhood: West Edge Architect: The Bumgardner Architects Builder: Sellen Construction Developer: Cornerstone Development BUILDING Watermark Tower was built in 1983 and is located in the West Edge neighborhood of Seattle. Known for its convenient location, Watermark is situated near Place Place Market, the central business district, [...]

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Watermark Tower

Watermark Tower

Project: Watermark Tower Address: 1107 1st Ave, Seattle 98101 Neighborhood: West Edge Architect: The Bumgardner Architects Builder: Sellen Construction Developer: Cornerstone Development BUILDING Watermark Tower was built in 1983 and is located in the West Edge neighborhood of Seattle. Known for its convenient location, Watermark is situated near Place Place Market, the central business district, [...]

606 Post

Pioneer Square Condos For Weyerhaeuser Employees

Heard the big news this week? Weyerhaeuser, a northwest giant and publicly traded timber company is relocating its headquarters to Pioneer Square. 800 employees will filling a new space at 200 Occidental Ave S. This is huge news for the neighborhood and another reminder that Pioneer Square is getting a lot of attention. We thought [...]

2000 3rd Ave_C/O Google Maps

Northwest Facing Views At Escala, Changing Soon

We are hearing from a source of ours that a 43 story apartment project is moving forward at 2000 3rd Ave (3rd and Virginia). This undoubtably will impact the NW facing views at Escala (4th and Virginia). It will also impact the Royal Crest condo project as well (3rd and Lenora) British Columbia Investment Management [...]

Market News & Trends

2000 3rd Ave_C/O Google Maps

Northwest Facing Views At Escala, Changing Soon

We are hearing from a source of ours that a 43 story apartment project is moving forward at 2000 3rd Ave (3rd and Virginia). This undoubtably will impact the NW facing views at Escala (4th and Virginia). It will also impact the Royal Crest condo project as well (3rd and Lenora) British Columbia Investment Management [...]

View Impacts

41 Story Tower In Belltown, Breaking Ground Soon

Big news out of the Belltown neighborhood today. According to the PSBJ, a 41 story hotel/apartment project (named Potala Tower) is set to break ground on August 28th. The building located at 2116 4th Ave, will offer 342 apartments along with a boutique 142 room hotel. The hotel component is upscale InterContinental Hotel Group. For [...]

IMG_9813

Why Seattle Is Getting A Lot Of Attention

We were pulling some numbers this weekend in preparation for an upcoming presentation on the Downtown Seattle Market and thought you would enjoy a few of these stats and facts about Downtown Seattle. First and foremost, the construction activity as of June of 2014 has reached 100 active projects. This includes those projects under construction, [...]

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Watermark Tower

Watermark Tower

Project: Watermark Tower Address: 1107 1st Ave, Seattle 98101 Neighborhood: West Edge Architect: The Bumgardner Architects Builder: Sellen Construction Developer: Cornerstone Development BUILDING Watermark Tower was built in 1983 and is located in the West Edge neighborhood of Seattle. Known for its convenient location, Watermark is situated near Place Place Market, the central business district, [...]

606 Post

Pioneer Square Condos For Weyerhaeuser Employees

Heard the big news this week? Weyerhaeuser, a northwest giant and publicly traded timber company is relocating its headquarters to Pioneer Square. 800 employees will filling a new space at 200 Occidental Ave S. This is huge news for the neighborhood and another reminder that Pioneer Square is getting a lot of attention. We thought [...]

2000 3rd Ave_C/O Google Maps

Northwest Facing Views At Escala, Changing Soon

We are hearing from a source of ours that a 43 story apartment project is moving forward at 2000 3rd Ave (3rd and Virginia). This undoubtably will impact the NW facing views at Escala (4th and Virginia). It will also impact the Royal Crest condo project as well (3rd and Lenora) British Columbia Investment Management [...]

Average Cost Per Square Foot _ Pac

Post Settlement, The Parc Condos Experiencing Massive Gains

Back in March, we reported on the settlement of a construction defect suit at the Parc condos in Belltown. At that time, the previous 12 sales averaged a cost per square foot of $376.62 with an average sale price of $317,867. Listings sold on average in 60 days after going on the market. In just 4 [...]

81 Vine_Profile

81 Vine

Project: 81 VINE Neighborhood: Belltown  BUILDING 81 Vine, located in Belltown, could be the neighborhood’s most historic architectural show-piece. Originally a printing factory, the building was carefully renovated and restored by award-wining Geise Architects in 1999 and converted into 24 mixed use residents and lofts. Units feature high ceilings, open floor plans, exposed brick, beams and large [...]

View Impacts

41 Story Tower In Belltown, Breaking Ground Soon

Big news out of the Belltown neighborhood today. According to the PSBJ, a 41 story hotel/apartment project (named Potala Tower) is set to break ground on August 28th. The building located at 2116 4th Ave, will offer 342 apartments along with a boutique 142 room hotel. The hotel component is upscale InterContinental Hotel Group. For [...]

Cristalla_(10) plans

One Year, Same Floor Plan, Condo Sells For $151,300 More

We were doing some market research this morning when we ran across an interesting storyline in Belltown involving Cristalla. In one calendar year (2013-2014), two identical floor plans just two floors apart from each-other sold at $400,000 and $551,300. Yep, a $151,300 difference within one year. Our team negotiated the sale of #710 in June [...]

Escala_1804

Escala One Bedroom, Listed At $626,000, Sold at $681,500

Check out this sale - unit #1804 at Escala. Until July of this year, when the 18th floor condo sold, the highest cost per square foot for a 1 bedroom 1.5 bath in Downtown Seattle was $747(YTD). This sale nearly eclipsed $750psf. The asking price was $626,000 and the final selling price was $681,500. It was last purchased [...]

IMG_9813

Why Seattle Is Getting A Lot Of Attention

We were pulling some numbers this weekend in preparation for an upcoming presentation on the Downtown Seattle Market and thought you would enjoy a few of these stats and facts about Downtown Seattle. First and foremost, the construction activity as of June of 2014 has reached 100 active projects. This includes those projects under construction, [...]

Urban-Condo-Spaces

New Look for UrbanCondoSpaces.com

We are rolling out a new look for UrbanCondoSpaces! Kudos to our great friends at Kotis Design. We are excited about our new look and remain committed to being the best resource for the Seattle condo market.          

Seattle Million Dollar Condo Update

Seattle Million Dollar Condo Update

It was time for another luxury condo update for Seattle and Bellevue. Take a look at our report above and feel free to contact us with any questions. Seattle’s cost per square foot rose 12.2% from 2013 to 2014 The average sales price in 2013 was $1,381.781. YTD in 2014 the average sales price is [...]

Cristalla_Bedroom C:O Lin Shih

Good Value, 2 Bedroom Cristalla

Check out this 2 bedroom at Cristalla. It is a corner unit on the 15th floor. 2 bedrooms, 1.75 bath and 1,132sf. That comes in at $529psf. When using the cost per square metric, this looks to be a REALLY good buy. There have been 7 sales in the building this year – averaging $633 per [...]

Rooftop_Deck

LUMA Condos Coming To First Hill

New project news – Lowe Enterprises Investors (LEI) Will Break Ground This Fall Previously know as 1321 Seneca, Luma Condos will be breaking ground this fall on Seattle’s First Hill. According to a press release shared with us by our friends at UrbnLivn, the 24 story tower located at 1321 Seneca will offer 168 condominiums [...]

Bohlin Cywinski Jackson_rendering

Two 43 Story Residential Towers Coming to Downtown Bellevue

Could this be the new condo project that Bellevue residents have been waiting for? A number or sources have announced that Plus Investment USA is considering a project at the corner of NE 8th and 108th in Bellevue for a pair of 43 story towers. The current site is occupied by Bellevue First Congregational Church. [...]

29260-E1_3

The Math Behind Seattle’s Next Condo Project

Wondering when a developer will start considering a new condo project in Seattle? Just pay attention to 2 things. 1. The cost per square foot that apartment developers are getting when they sell their project 2. The cost per square foot that condos are fetching in todays market. These are two simple, yet major indicators [...]

Trace_Exterior

Just Sold By UCS, Trace Lofts

1414 12th Ave #612 Trace Condos and Lofts - Capitol Hill Top Floor | 1 Bedroom Plus Den Sold Price – $366,000 We were fortunate to sell this property to one of our clients. Top floor loft in Trace North. 14 foot ceilings and vaulted storage space. Open living room, stainless appliances, breakfast bar, corked flooring and spacious outdoor deck. 100 percent [...]

New Tower In SLU

25 Story Tower Coming To South Lake Union

Another day in Seattle and another proposed project announced. The new tower would replace City Hardware on the SE corner of 9th and Harrison. In the proposed design review, the building would feature 323 units and ground floor retail. MacFarlane Partners would be developing the site with Ankrom Moisan as the lead Architect. We like to look at [...]

29495_6_1

Just Listed By UCS, 1 Bedroom At The Parc

Just Listed | 1 Bedroom, 1.5 Bath Priced $60,000 Below Zillow Zestimate 76 Cedar St #505 The Parc – Belltown 5th Floor, 1 Bedroom, 1 Bath Asking Price -$415,000 We just listed another unit at The Parc (Western and Cedar in Belltown). Its priced $60,000 below its Zillow Zestimate. Great value play or rent potential. [...]

Firehouse 25_Cap Hill

Fire House No. 25

        FIREHOUSE 25 1406 Harvard Ave Capitol Hill Built – 1909 Original Architect – Somervell and Cote HISTORY According to Historic Seattle, Firehouse 25 was the first brick firehouse in Seattle. Firehouse 25 was decommissioned as a firehouse in 1970. In poor condition, the Firehouse wasn’t adapted to modern living until 1980. That is [...]

Cristalla-Escala

Cristalla Studio and Escala 1 Bedroom Continue To Push Market Higher

Check out these 2 sales – a studio at Cristalla &  a 1 bedroom at Escala. The Cristalla studio went under contract in less than 5 days. If it posts at its asking price it would be the 4th highest sale on a cost per square foot basis this year (1 bedroom, area 701). The Escala [...]