Its back again. Sanctuary – a 12 unit residential conversion of the former 1906 First Church of Christ, Scientist is scheduled to be re-introduced to the market next week (see below). It was originally built between 1906 and 1911 and was designated a historic landmark by the City of Seattle in 1977.  In 2007, an adaptive reuse and redevelopment of the church took place. Un-favorible market conditions, obscure pricing and lack-luster marketing effort led to an un-successful sales cycle.

In July of 2011, the note to the project was sold and the projects new owner injected an additional 2 million dollars into the historic re-design. Now complete – the project consists of 12 fee simple units offering concrete and steel construction, historic features, modern design and intricate crasfsmanship.  According to the projects recent press release the construction team was spearheaded by Belfor Property Restoration, Runberg and Assosciates and Robin Chell Design.

“We made many improvements and are thrilled with how the individual homes and common areas turned out,” says Rob Nall, a principal of Resource Transition Consultants. “The additional construction and restoration was worthwhile—we’ve optimized the final product and the pricing for positive market acceptance.”

The 12 units range from four to six levels (including roof top terraces). The homes are sized from 1,600 to more than 3,000-square-feet. The pricing will range from the low $500,000s to $1.1 million. The new pricing reflects reductions in the neighborhood of 25-40% off previously listed prices.

Two model homes will be opened this weekend for public previews from 11 a.m. to 5 p.m. The official sales debut is scheduled for January 28, 2012 when the sales office opens. More information can be found on the recently launched website at www.LiveatSanctuary.com.

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