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Colonial Grand Pacific

Colonial Grand Pacific

Project: Colonial Grand Pacific Address: 1119 1st Ave, Seattle Neighborhood: West Edge SEARCH COLONIAL GRAND PACIFIC       BUILDING The Colonial Grand Pacific is located at 1st and Seneca in the West Edge neighborhood of Downtown Seattle. The building is a historic structure that was thoughtfully converted most recently by Cornerstone Development Co. The building consists [...]

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Belltown_Penthouse_Seattle Heights

Belltown Penthouse Offers A Choice, $3,000,000 or $9,800 Per Month

A 3 bedroom, 3,081sf penthouse at Seattle Heights just hit the market offering a choice – you can buy it for $3,000,000 or you can rent the space for $9,800 per month. Seattle Heights is located on 2nd between Clay and Vine in Belltown. The 26th floor unit has 290 degree views, 3 parking spaces [...]

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606 Post

Project: 606 Post Address: 606 Post Ave, Seattle Neighborhood: Pioneer Square SEARCH 606 POST      BUILDING 606 Post, also known as Post Hotel, was produced only three years after the great fire of 1889 by one of the most prolific architects of the Pioneer District, Elmer Fisher. Fisher built many post-fire buildings throughout Pioneer Square [...]

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Focus Back On 2200 Westlake, South Lake Union

Anyone looking to purchase in South Lake Union, pay attention to what is going on at 2200 Westlake. As we have reported in the past, as part of a $26M settlement regarding construction defects, the 3 building project built in 2005 is going through some major siding, window, deck and additional upgrades. The first building [...]

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 [...]

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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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Colonial Grand Pacific

Colonial Grand Pacific

Project: Colonial Grand Pacific Address: 1119 1st Ave, Seattle Neighborhood: West Edge SEARCH COLONIAL GRAND PACIFIC       BUILDING The Colonial Grand Pacific is located at 1st and Seneca in the West Edge neighborhood of Downtown Seattle. The building is a historic structure that was thoughtfully converted most recently by Cornerstone Development Co. The building consists [...]

Belltown_Penthouse_Seattle Heights

Belltown Penthouse Offers A Choice, $3,000,000 or $9,800 Per Month

A 3 bedroom, 3,081sf penthouse at Seattle Heights just hit the market offering a choice – you can buy it for $3,000,000 or you can rent the space for $9,800 per month. Seattle Heights is located on 2nd between Clay and Vine in Belltown. The 26th floor unit has 290 degree views, 3 parking spaces [...]

IMG_7048

606 Post

Project: 606 Post Address: 606 Post Ave, Seattle Neighborhood: Pioneer Square SEARCH 606 POST      BUILDING 606 Post, also known as Post Hotel, was produced only three years after the great fire of 1889 by one of the most prolific architects of the Pioneer District, Elmer Fisher. Fisher built many post-fire buildings throughout Pioneer Square [...]

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Presenting On The Condo Market, Urbanization In Seattle

We had a great opportunity last week to present at the Seattle Yacht Club. Over the years, we have designed and developed a set of slides to keep business, organizations and individuals up to date on urban development in Seattle with an emphasis on the condo market. There were close to a 100 attendees and [...]

IMG_7462

Focus Back On 2200 Westlake, South Lake Union

Anyone looking to purchase in South Lake Union, pay attention to what is going on at 2200 Westlake. As we have reported in the past, as part of a $26M settlement regarding construction defects, the 3 building project built in 2005 is going through some major siding, window, deck and additional upgrades. The first building [...]

Lumen_Modern

Urban Living At Lumen

Check out this new space at Lumen in Queen Anne – Asking Price $1,575,000 For modern loft lovers, this might be a great place to call home. It features 2,146sf with 3 beds and 2.5 baths. It also comes with 3 parkings stalls. We are a big fan – In LOVE with the industrial materials. Click here to [...]

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. [...]