Just Another Uber Cool Foreclosure, Unit #2101 Newmark Tower, (Pictures)

GetMedia 82 e1324338118507 Just Another Uber Cool Foreclosure, Unit #2101 Newmark Tower, (Pictures)

It is Monday and yet again I have a great example of a foreclosure from last Fridays auction. Unit #2101 at Newmark Tower sold for $297,000.  The minimum bid was $263,500. In January of 2010 it was listed as high as $450,000. So when I saw that it was headed to auction, I had a gut feeling that it would appeal to the masses. Although small at 610 sq ft, it had gone through a modern renovation that gave the unit character.  The western waterview alone was enough to attract a number of investors. Apparently it did exactly that.

If you don’t recall, Newmark Tower is located at 1415 2nd Ave.  It is one block from Pike Place Market, a short walk to the waterfront and will be home to one of Target’s first “Urban Concept” department stores. Target acquired the retail space for estimated 15.5 million dollars.

[photo c/o M A Shea]

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Newmark Tower Condos

PROJECT DESCRIPTION

Newmark Tower is just steps away from Pike Place Market and Seattle’s urban core.  Originally, a J.C. Penny’s department store before being renovated into 92,000 feet of office space.  The original apartments were converted to condominiums in 1993.  The office space is now home to a future Target department store. The 24 story tower features a concierge service, indoor pool, spa, gym, business center, party room and spacious view decks with BBQ areas. All rooms include parking and extra storage. Homes are comprised of studios, 1-bedrooms and 2-bedrooms. Floorplans range from 550 to 1,100 square feet. Views once included the Space Needle, Elliott Bay and stunning sunsets. Now many views have been obstructed by the new Four Seasons to the west and Fifteen Twenty-One tower to the north. Benaroya Hall, The Seattle Art Museum, dining, shopping, and the Pike Place Market are just steps away.

Intrawest and architects Skidmore, Owings and Merrill built the 24-story apartment tower with McCarthy Building Companies, Inc.. The tower was later converted to office and residential spaces for sale in 1993 by HAL Real Estate InvestmentsIntracorp and Callison Architecture.

Newmark.Tower  150x150 Newmark Tower Condos Concierge.Newmark 150x150 Newmark Tower Condos Pike.NM  150x150 Newmark Tower Condos

ACTIVE INVENTORY

Here you can find all active listings at Newmark Tower. If your condo is not listed, sign-up to be instantly notified by email.

Jeff Active Listings2 Newmark Tower Condos

SOLD INVENTORY

Want to see the all of the Sold listings at Newmark Tower?  If you are interested in reviewing the units that have sold click here:

Jeff Sold Listings2 Newmark Tower Condos

EXCLUSIVE WEBSITE

View the UCS Exclusive Website

Exclusive Website Button Newmark Tower Condos

UCS PROJECT GRADE

Address: 1415 2nd Ave, Seattle, 98101
Year Built: 1991
Bedrooms: Studio, 1, 2
Bathrooms: 1–2
Floors: 24
Total Units: 192
Unit Size: Spacious
My Grade:
Location: B
Amenities: B-
Price: B
Luxury: C
Walk-ability: A
Unit Decor: B-

WALKSCORE


Target Acquires Retail Space In Downtown Seattle

target logo 244x300 Target Acquires Retail Space In Downtown Seattle

Downtown Seattle just received a nice shot in arm.  The Seattle Times is reporting that Target Corp, the big box retailer has aquired a fantastic three story space in the Downtown Seattle corridor.  Considered by many as the West Edge, this 2nd and Pike location is a phenomenal space for the large retailer.   It will be at the base of the Newmark Condominium tower.

It is reported that Target paid $15.5 million for the property, according to King county records. The purchase also includes a 250-stall underground garage. While it may be close to two years before the store is built this is a tremendous upgrade for many condominium owners.  As the City of Seattle continues the urbanization of its downtown core, many condo owners will benefit.

A few projects within blocks of the new store include:

1521
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Newmark
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Four Seasons
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Escala
Escala Seattle 150x150 Target Acquires Retail Space In Downtown Seattle

Cristalla
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Market Place Tower
market place Tower 150x150 Target Acquires Retail Space In Downtown Seattle

98 Union
98 UNION 150x150 Target Acquires Retail Space In Downtown Seattle
Madison Tower
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Millenium Tower
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Windermere Real Estate/East, Inc.
3933 Lake Washington Blvd NE #100 Kirkland Wa 98033
www.UrbanCondoSpaces.com
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