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, … [Read more...]

Pioneer Square Condos For Weyerhaeuser Employees

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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 we would jump ahead of the 2016 arrival and … [Read more...]

Northwest Facing Views At Escala, Changing Soon

2000 3rd Ave_C/O Google Maps

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 Corp, purchased the site at 2000 Third Ave. in Seattle … [Read more...]

Post Settlement, The Parc Condos Experiencing Massive Gains

Average Cost Per Square Foot _ Pac

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 short months, everything has changed. Since March there have been 6 sales in … [Read more...]

81 Vine

81 Vine_Profile

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, … [Read more...]

41 Story Tower In Belltown, Breaking Ground Soon

View Impacts

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 the condo owners out there, lets examine … [Read more...]

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

Cristalla_(10) plans

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 of 2013 (Buyer). Then just 13 … [Read more...]

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

Escala_1804

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 in 2010 for $529,000. Happy seller? We think so. See … [Read more...]

Why Seattle Is Getting A Lot Of Attention

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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, permitted or recently … [Read more...]

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 $1,714,391 (24% increase) The most expensive sale last year in Downtown … [Read more...]

Good Value, 2 Bedroom Cristalla

Cristalla_Bedroom C:O Lin Shih

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 square foot. With two, 2 bedroom units on the 16th floor and the 18th floor selling for $639 … [Read more...]

LUMA Condos Coming To First Hill

Rooftop_Deck

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 ranging in size from 600 to 1,700sf. When … [Read more...]

Two 43 Story Residential Towers Coming to Downtown Bellevue

Bohlin Cywinski Jackson_rendering

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. According to The Collection, a magazine designed and promoted … [Read more...]

The Math Behind Seattle’s Next Condo Project

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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 when a developer is considering a new … [Read more...]