Early Design Guidance, Altitude Sky Tower (Escala Impact)

New Project _ 5th and Stewart

A proposed project at 5th and Stewart (see above) is quickly gaining a lot of attention. It will be presented to the Seattle Design Review Board tomorrow at 7pm. The current proposal is for a 50 story project featuring a hotel, apartments and condos - named The Altitude Sky Tower. We believe that this new building would be a unique option for prospective buyers. Not only is the … [Read more...]

New Apartment Tower Sharing Air-Space With 1521 Condos

2nd and Pike

The Westedge of Downtown Seattle is going through a massive development cycle. As reported in the PSBJ, a 39 story apartment project, located at 2nd/Pike may be breaking ground as early as next year. This is in addition to Equity's new site at 2nd and Pine (40 story tower). These are important stories for the blog as they could hinder views of existing condos and there is … [Read more...]

What $1M Can Buy You In Seattle, Condo Shopping On Cyber Monday

Insignia Towers

In the spirit of holiday shopping, we thought it would be fun to show you how far $1M would stretch if you were in the mood to purchase a Seattle condo. Here are 3 very different units. All priced at or near $1M. NEW CONSTRUCTION NEIGHBORHOOD - DENNY TRIANGLE PROJECT - INSIGNIA TOWERS Like new? How about a 36th floor 2 bedroom, 2 bath at Seattle's one and only new … [Read more...]

Post Mews – Travelers Hotel

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Building: Post Mews Neighborhood: Pioneer Square BUILDING DESCRIPTION Originally built as the Elgin Hotel in 1913, Post Mews was later recognized, and still referenced to today as Traveler’s Hotel. Living up to the name, it’s Post Ave location is just steps from waterfront, ferries, sports arenas, charming cafés and art galleries. The low-rise brick building was restored … [Read more...]

Condos In Foreclosure, Downtown Seattle

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You may have noticed over the years that we've spent a significant amount of time tracking condo foreclosures. During 2009-2012 there were hundreds of foreclosures in Downtown Seattle. Leading up to 2007, there were a lot of investors buying condos in the Seattle market. These included second home buyers, owners looking to rent their space and speculative buyers looking for a … [Read more...]

Price Drop, 5th and Madison Penthouse

5th and Madison Penthouse

One of the penthouse units at 5th and Madison just came back on the market with a new price. We have shown this property a number of times and it is absolutely INSANE. It sits up 24 floors from ground-level and has floor to ceiling windows showcasing some pretty incredible views. It was purchased for $2,550,000 in 2008 and shortly thereafter went through an extensive … [Read more...]

The Lofts

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Project: The Lofts Neighborhood: Pioneer Square BUILDING The Lofts is a classic New York style loft in Pioneer Square. Each of the 17 lofts offer exposed brick walls, massive windows, rustic wide plank floors and ample square footage. The turn-of-the-century ambiance combined with a location amid art galleries, acclaimed restaurants and charming cafés offers up a very … [Read more...]

$6M Bellevue Penthouse Sells At Full Price, All Cash

One Main Penthouse_Living 4

Remember the penthouse we wrote about last month? It went under contract after just 8 days on the market.  It posted today and we have learned that the buyer paid full price, all cash - it closed in just 25 days. See more photos here. The largest condo sale in Seattle YTD was #1501 at Four Seasons - it sold for $6,100,000 in April.    … [Read more...]

Florentine

Exterior

Project: Florentine Neighborhood: Pioneer Square BUILDING The Florentine is a historic building located on the south edge of Pioneer Square where it’s surrounded by boutique art galleries, acclaimed restaurants and just a short stroll to the stadiums and Seattle’s waterfront. Originally built in 1909, the Florentine was converted from a warehouse into 116 condos in … [Read more...]

Trio and Alexandra Owners, Pay Attention To 3031 Western Avenue

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Ok guys, lets face the facts - there are projects going up all over the city right now. It is very important both as a buyer and a seller to pay attention. Martin Selig Real Estate, a local real estate developer is busy. They just announced a new purchase at 3rd and Lenora where they are planning a 31 story tower with 158 units. Just after that announcement new plans were … [Read more...]

Our Home Hotel

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PROJECT: Our Home Hotel – 75 S Main Street BUILDING Our Home Hotel is a 1892 built brick building home to only 17 urban loft-style homes. Originally known as the Alaska hotel, the renovated condo project is rich in history offering turn of the century charm found only in Pioneer Square – exposed brick walls, Southern pine floors, soaring ceilings and oversized windows. … [Read more...]

95 Condos In Bellevue, 70 of Them At Washington Square

Washington Square Condos

You read that correctly. There are 90 condos on the market in and around downtown Bellevue and 70 of those units are at Washington Square. Washington Square was built on a 10.5 acre site in Downtown Bellevue in 2008. There are 2 condominium towers and 26 townhomes. The developer has 91 units left to sell.  Seriously. … [Read more...]

Keep An Eye On 2nd and Virginia, Project Coming Soon

2nd and Virginia Rendering

Keep an eye on 2nd and Virginia. It will be a 34 story condo tower soon. We reported on the site back in June.  Lynn Porter (DJC), just wrote a follow up piece on the timing of construction. The owner of the site, Continental Properties plan to start construction early next year. The article suggests that it still could be apartments, but we don't believe so. We believe … [Read more...]

East Facing City Views At Cristalla Changing Soon

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  News of a new Belltown development reported by the Daily Journal of Commerce will have an impact on East facing views at Cristalla. An entity related to Martin Selig Real Estate (a local real estate developer) has purchase a 3 parcel site at 3rd and Lenora. The plans call for a 31 story project featuring 158 residential units, and 291,000 square feet of office and … [Read more...]

Developer To Launch Second Condo Project In Ballard

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Canadian Developer InHaus is launching their second condo project in Ballard. Salt is an encore to their Solo Lofts project which according to the development team is 60% sold. Construction is slated for early 2015, with pre-sales commencing before the end of the year. The six story structure will offer 38 built green condos.  The unit mix will be One, two and three bedroom … [Read more...]