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Harbor Heights

June 6, 2011 By Leave a Comment

Harbor Heights Exterior e1307373992332 Harbor Heights

Project:  Harbor Heights
Neighborhood: Belltown

DESCRIPTION

Harbor Heights, located in Belltown is comprised of 93 units on 19 floors. Constructed in 1980, Harbor Heights is similar to other Belltown buildings built in the late 70′s mid-80′s development cycle.  It is a concrete and steel structure with robust amenities and spacious floor plans. Units vary is size and layout with some carrying on the original 30 year old decor and many other units that have been updated over the years.  Amenities include a fitness facility, outdoor pool, sauna, roof-top deck and great Puget Sound views.  Like Arbor Place Tower, The Parc, The Vine, Avenue One, Bellora, Mosler Lofts, and other Belltown buildings, Harbor Heights enjoys restaurants, coffee shops and night life right outside its front door.

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PICTURES

BUILDING INFO AND UCS

HARBOR HEIGHTSINFORMATIONUCS PROJECT GRADE GRADE
ADDRESS2621 2nd AveLOCATION A-
BUILT 2007AMENITIES B
BUILDING Concrete and Steel PRICE B
STORIES 19LUXURY B
UNITS 93UNIT DECOR C+

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WALKSCORE


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Filed Under: All Condos, Amenities, Belltown, Club House, Elevator, Exercise Room, Harbor Heights, Home, Hot Tub, Lobby Entrance, Owners Lounge, Pool-Outdoor, Retail, Rooftop Deck, Sauna, Secure Parking, Storage Tagged With: , , , ,

Luxury Condo Rental At Olive 8

April 9, 2011 By Leave a Comment

Olive8 1800 Views Luxury Condo Rental At Olive 8

Project:  Olive 8
Neighborhood:  Downtown

Check out this new rental listing on the 18th floor at Olive 8. It is on the NW corner of the building with pretty incredible views.  The asking is $4,295 per month.

Unit features include:

  • 2 bed, 2 bath with gas fireplace
  • 1,600sf
  • Floor to ceiling glass
  • Stainless steel gas range and appliances
  • Slab granite counters
  • Custom lighting
  • Stunning views
  • Polished hardwood flooring
  • Custom walk-in closets
  • Master suite
  • Marbled bathrooms w/5 piece bath

I actually like this floor plan quite a bit.  Love the kitchen, the open layout taking advantage of the views and can’t beat the large deck overlooking the city.

Olive 8 1800 views 1 Luxury Condo Rental At Olive 8

CONDOS FOR SALE | DOWNTOWN SEATTLE

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Filed Under: All Condos, Amenities, Business Center, Concierge, Denny Triangle, Developers, Dog Park, Elevator, Everything Urban, Exercise Room, Game Room, Guest Suites, Home, Hotel Services, LEED Certification, Lobby Entrance, Olive 8, Owners Lounge, Pool-Indoor, Professional Landscaping, R.C. Hedreen Company, Retail, Rooftop Deck, Sauna, Secure Parking, Spa, Storage, Valet Tagged With: , , , , , ,

Arbor Place Tower

April 6, 2011 By 1 Comment

19703 19 Arbor Place Tower

Project: Arbor Place Tower
Neighborhood:  Belltown

DESCRIPTION:

Arbor Place Tower is located in the heart of Belltown at 2nd and Vine. With a Walkscore of 100, little is left to be desired in this 27 story concrete and steel structure. Arbor Place Tower was originally built as luxury apartments and was eventually converted in condominiums by Intracorp (developer of The Vine, Avenue One & The Parc).  Arbor Place Tower has been a popular Belltown tower for years. Built in 1989, this luxurious concrete and steel structure is 23 residential floors of 1 bed, 2 bed and penthouse units. There are four stories of retail and office space and underground parking that services the building.

The best attributes of Arbor Place Tower are the views from most units, the amenities and the stunning rooftop decks.  Amenities include a 24 hour concierge, fitness studio, home-owners lounge, indoor pool, sauna, spa and multiple levels of sun-decks and view-terraces.

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PICTURES:

19703 7 Sky 150x150 Arbor Place Tower 19703 6 Sky 150x150 Arbor Place Tower 19703 5 Sky 150x150 Arbor Place Tower

19703 4 Sky 150x150 Arbor Place Tower 19703 3 Sky 150x150 Arbor Place Tower 19703 2 Sky 150x150 Arbor Place Tower

19703 18 150x150 Arbor Place Tower 19703 17 150x150 Arbor Place Tower 19703 19 150x150 Arbor Place Tower

WALKSCORE:

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Filed Under: All Condos, Amenities, Arbor Place Tower, Belltown, Club House, Concierge, Developers, Elevator, Exercise Room, Home, Intracorp Companies, LLC, Lobby Entrance, Owners Lounge, Pool-Indoor, Rec Room, Retail, Rooftop Deck, Sauna, Secure Parking, Spa, Terrace Tagged With: , , , , , , ,

Just Sold, W1105, View Unit at 2200 Westlake

April 5, 2011 By Leave a Comment

JUST SOLD

Just Sold 2200 Westlake e1302029988359 Just Sold, W1105, View Unit at 2200 Westlake

900 Lenora St, w1105, Seattle
$286,500
1 bedroom | 1 bath
South Lake Union

we assisted both buyer and seller in this transaction

West facing views of the city, Puget Sound, mountains and more!  Custom finishes, hardwood floors, big windows and phenomenal views. 2200 Westlake is part of Vulcan Real Estate’s master vision of a complete in-city urban village. Amenity package includes, business center, 24 hour concierge, fitness facility, community room, grand lobby, game-room, terrace, sun-deck and high-security.

Learn More About 2200 Westlake:  Project Details

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Jeff J Reynolds 206.794.1118
jreynolds@urbanimg.com

UCS Just Sold, W1105, View Unit at 2200 Westlake

Do you know of anyone looking to Buy or Sell real estate?

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910 Lenora6 150x150 Just Sold, W1105, View Unit at 2200 Westlake Needle.view 150x150 Just Sold, W1105, View Unit at 2200 Westlake Exterior2 150x150 Just Sold, W1105, View Unit at 2200 Westlake 910 Lenora10 150x150 Just Sold, W1105, View Unit at 2200 Westlake 134 150x150 Just Sold, W1105, View Unit at 2200 Westlake 131 150x150 Just Sold, W1105, View Unit at 2200 Westlake SouthLUT 150x150 Just Sold, W1105, View Unit at 2200 Westlake 087 150x150 Just Sold, W1105, View Unit at 2200 Westlake 149 150x150 Just Sold, W1105, View Unit at 2200 Westlake 088 150x150 Just Sold, W1105, View Unit at 2200 Westlake

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Filed Under: 2200 Westlake, All Condos, Amenities, Architects, Bike Storage, Builders, Business Center, Collins Woerman, Concierge, Denny Triangle, Developers, Elevator, Exercise Room, Game Room, Guest Suites, Home, Hot Tub, Hotel Services, Lobby Entrance, Owners Lounge, Professional Landscaping, Rec Room, Retail, Sauna, Secure Parking, Spa, Storage, Terrace, Theater, Turner Construction, Turner Construction Tagged With: , , , , , ,

Bellevue Towers, Significant Increase In Sales Year to Date

March 25, 2011 By Leave a Comment

Bellevue Towers Brochure Photo Small Version2 Bellevue Towers, Significant Increase In Sales Year to Date

I just spoke to my contact at Bellevue Towers and they are reporting a significant increase in sales contracts in the first 90 days of this year. Since their announcement of a pricing change back on January 4th, they have closed 23 homes with another 26 homes pending.  They are closing an average of one condo every 3 days.  In addition, out of the 26 contracts pending it sounds like quite a few of them will be closing in the next 3 weeks.

One might argue that the activity is simply a direct result of their price reductions.  Although it has made its impact, I would argue that market confidence and the security of the debt being re-organized is making a bigger splash.  Bottom line, potential buyers had been worried about the lights going out.  Now that the towers have a committed ownership group, a re-invigorated sales team and a budget to roll out a marketing initiative, everything in the short term looks much better for the iconic 42 story towers.

In my opinion, with this much success headed into the second quarter of this year, many people are taking notice. Bellevue Towers will continue to add value to an already attractive Downtown Bellevue market. Clearly they have a long way to go, but if you are waiting on the next high-rise to built in greater Bellevue/Seattle market, I wouldn’t count on seeing one until the second half of this decade.

 

 

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Filed Under: All Condos, Amenities, Bellevue, Bellevue Towers, Business Center, Club House, Concierge, Courtyard, Dog Park, Elevator, Exercise Room, Game Room, Guest Suites, Home, LEED Certification, Lobby Entrance, Owners Lounge, Retail, Sauna, Secure Parking, Spa, Storage Tagged With: , , , , , ,

Bellevue Towers

February 28, 2011 By 7 Comments

20090626 bellevuetowers 0011 Bellevue Towers Daytime2 Bellevue Towers 20090626 bellevuetowers 0112 Bellevue Towers

BELLEVUE TOWERS

Developer: Gerdling Elden
Architects: GBD Architects & MulvannyG2

Bellevue Towers stands alone with 43 stories of concrete, steel and glass. It’s structure is among the tallest residential buildings in the greater Seattle area.  Located at the corner of 4th and 106th in Downtown Bellevue, Bellevue Towers is just blocks away from the Bellevue Square Mall, The Downtown Bellevue Park, and Interstate 405 connecting Bellevue to Seattle via 2 floating bridges (I-90 and 520).  The towers is just 5 minutes from the Bellevue Club, 10 minutes from the Microsoft‘s main campus and is only 15 minutes from Downtown Seattle.  As Downtown continues to develop, Bellevue Towers will become a center-piece of luxury living in Bellevue; Washington’s 5th largest city.

BUILDING

The two towers that make up 539 units were built by combining sustainable design and urban luxury.  As a the largest LEED (Leadership in Energy and Evinornmental Design) Gold residential structure in the Pacific Northwest, Bellevue Towers aspired to be a leader in eco-friendly high rise design.  It has been said that the towers architects GBD and MulvannyG2 traveled the world to assemble ideas for iconic Bellevue structure.

INTERIORS

The interiors at Bellevue Towers combine NW contemporary with traditional elements that Bellevue residents are accustom too.  Slab granite & marble counters, local cabinetry, solid wood doors, top of the line appliances (Wolf, Viking & Subzero), hardwood floors, stainless fixtures, stylish lighting and high efficiency air and heating systems are just some of the interior features assembled at Bellevue Towers.

AMENITIES

Amenities are a staple in every major condo project worldwide.  Bellevue Towers does not disappoint.  It features a community great room, fireside terrace, multi-purpose room, dining room, kitchen, dining terrace, Whirlpool spa, sauna, steam room, cold dip, spa terrace, screening room, cardio training room, weight training room, men’s locker room, women’s locker room, and high speed elevators.

URBAN GARDEN

According to Bellevue Towers, the eco-landscaped urban garden built between the two towers is close to a city block in length.  It features, a large lawn, water feature, walking paths, outdoor fireplace, wood deck promenade, pet area and a view terraces with glimpses of the Downtown Seattle skyline.

The towers include 539 studios, one-bedrooms, one+den, two-bedrooms, two+den and penthouse homes.  Pricing starts from the mid-$300,000 for studios to $2,000,000 + for penthouses.

Jeff Active Listings2 Bellevue Towers Jeff Sold Listings2 Bellevue Towers For Rent Button1 Bellevue Towers Exclusive Website Button Bellevue Towers Schedule a Tour Bellevue Towers

UCS PROJECT GRADE:

Address: 500 106th Ave NE, Bellevue, 98004
Year Built: 2008
Bedrooms: Studio, 1, 1+d, 2, 2+d and Penthouse
Bathrooms: 1–2
Floors: 43
Total Units: 539
Unit Size: Spacious
My Grade:
Location: A
Amenities: A+
Price: B
Luxury: A
Walk-ability: A
Unit Decor: A

 

Bellevue Towers Brochure Photo Small Version1 150x150 Bellevue Towers Urban Garden2 150x150 Bellevue Towers Theater1 150x150 Bellevue Towers Spa Pool1 150x150 Bellevue Towers Sun Deck2 150x150 Bellevue Towers North Tower Lobby1 150x150 Bellevue Towers South Tower Lobby1 150x150 Bellevue Towers fitness 11 150x150 Bellevue Towers Dining Room1 150x150 Bellevue Towers Dining Room Sun Deck1 150x150 Bellevue Towers BT SW Terrace 20090626 bellevuetowers 0181 150x150 Bellevue Towers 2501 North View 2 150x150 Bellevue Towers

 

 

BELLEVUE TOWERS WALKSCORE


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Filed Under: All Condos, Amenities, Architects, Bellevue, Bellevue Towers, Business Center, Club House, Concierge, Courtyard, Dog Park, Elevator, Exercise Room, Game Room, GBD, Guest Suites, Home, Hot Tub, LEED Certification, Lobby Entrance, MulvannyG2 Architects, Professional Landscaping, Rec Room, Retail, Sauna, Secure Parking, Storage, Terrace Tagged With: , , , , ,

Just Listed | 24th Floor At The Cosmopolitan

February 19, 2011 By 1 Comment

C Frame Just Listed | 24th Floor At The Cosmopolitan

If you remember from Thursday, I posted about a unit that we were putting on the market at the Cosmopolitan (unit #2410).  We just went on the market and I have included all the pictures for your viewing.  This unit is priced at $379psf.  It is a 2 bed, 2 bath + den.  If you would like to see the custom website I’ve designed for this unit see here (#2410 Web) I’ve attached the neighboring competition below that can be seen by arrows, prices, price-per-foot and location.  Both the 2200 Westlake and Enso are phenomenal projects as well. I believe this is a very good price for this unit.  If you have any questions, or would like to schedule a tour feel free to contact us.

C view 150x150 Just Listed | 24th Floor At The Cosmopolitan C LR 150x150 Just Listed | 24th Floor At The Cosmopolitan C K 150x150 Just Listed | 24th Floor At The Cosmopolitan C MST 150x150 Just Listed | 24th Floor At The Cosmopolitan C MB 150x150 Just Listed | 24th Floor At The Cosmopolitan C Guest 150x150 Just Listed | 24th Floor At The Cosmopolitan Cos Guest 150x150 Just Listed | 24th Floor At The Cosmopolitan C GD 150x150 Just Listed | 24th Floor At The Cosmopolitan C BView 150x150 Just Listed | 24th Floor At The Cosmopolitan C VWLU 150x150 Just Listed | 24th Floor At The Cosmopolitan C HOLV 150x150 Just Listed | 24th Floor At The Cosmopolitan C RD 150x150 Just Listed | 24th Floor At The Cosmopolitan C LB 150x150 Just Listed | 24th Floor At The Cosmopolitan C S 150x150 Just Listed | 24th Floor At The Cosmopolitan rsz cosmo4 Just Listed | 24th Floor At The Cosmopolitan Cosmo2 150x150 Just Listed | 24th Floor At The Cosmopolitan rsz cosmo3 150x144 Just Listed | 24th Floor At The Cosmopolitan 7207532 14 150x150 Just Listed | 24th Floor At The Cosmopolitan Cosmo2 150x150 Just Listed | 24th Floor At The Cosmopolitan Cosmo6 150x150 Just Listed | 24th Floor At The Cosmopolitan

For more details about the Cosmopolitan:

Jeff Active Listings Just Listed | 24th Floor At The Cosmopolitan Schedule a Tour Just Listed | 24th Floor At The Cosmopolitan Jeff Contact Us Just Listed | 24th Floor At The Cosmopolitan

AMENITIES

Grand Entrance Secured Entry
Beautiful Lobby 24 Hour Concierge
Outdoor BBQ Rooftop Deck
Fitness Facility Spa
Hottub Homeowners Lounge
Guest Suite High Speed Elevators

Analysis 2410 Pricing e1297926702614 Just Listed | 24th Floor At The Cosmopolitan

Analysis 2410 Cosmo e1297926393105 1024x592 Just Listed | 24th Floor At The Cosmopolitan

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Filed Under: All Condos, Amenities, Business Center, Club House, Concierge, Cosmopolitan, Courtyard, Denny Triangle, Elevator, Exercise Room, Game Room, Guest Suites, Home, Hot Tub, Lobby Entrance, Owners Lounge, Retail, Rooftop Deck, Sauna, Secure Parking, Spa Tagged With: , , , , , , , , , , , , , , , ,

Just Listed | 14th Floor View Condo

February 17, 2011 By Leave a Comment

JUST LISTED IN BELLEVUE

Bellevue Towers Exterior Just Listed | 14th Floor View Condo

Exclusive Website Button Just Listed | 14th Floor View Condo

UNIT QUICK FACTS
Price $495,800
1427sf
2 bed, 2bath

BUILDING QUICK FACTS
Built in 1995
24hr Concierge
Fitness facility
Owners lounge
Terrace
In-door pool
Sauna
Storage
Secured parking

View this property on Facebook: PICTURES

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or follow us on Facebook!

Jeff J Reynolds 206.794.1118
jreynolds@urbanimg.com

Urban LOGO1 Just Listed | 14th Floor View Condo

Do you know of anyone looking to Buy or Sell real estate?   E-mail us at jreynolds@urbanimg.com!

Jeff Contact Us Just Listed | 14th Floor View Condo

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Filed Under: All Condos, Amenities, Bellevue, Bellevue Pacific Tower, Business Center, Club House, Concierge, Cosmos Development & Administration, Courtyard, Developers, Elevator, Exercise Room, Game Room, Home, Hot Tub, Lobby Entrance, Owners Lounge, Pool-Indoor, Professional Landscaping, Rec Room, Retail, Sauna, Secure Parking, Spa, Storage, Terrace Tagged With: , , , , , , ,

24th Floor Unit At Cosmopolitan Sold For $751,950 In 2007, Now $396,000

February 4, 2011 By Leave a Comment

rsz cosmo1 24th Floor Unit At Cosmopolitan Sold For $751,950 In 2007, Now $396,000

I know I’m flooding the blog with foreclosure sales over the last 24 hours, but this one is incredible. Unit #2410 at the Cosmopolitan sold for $751,950 in 2007. Now the bank(s) is willing to sell at $396,000 which equates to a $412,610.42 loss!

From a cost per square foot perspective, in 2007 this unit sold for $571psf and now it is selling at $301psf.  I believe this will create a new cost per square foot record at the 2007 building.  I will need to confirm.

UNIT FEATURES:

  • Space Needle view
  • 1,315sf
  • 2bedroom, 2bath

BUILDING FEATURES:

  • 24 hour concierge
  • Fitness center
  • Business center
  • Homeowners lounge
  • Sauna
  • Hot-tub
  • Storage
  • Rooftop deck

Cosmo2 150x150 24th Floor Unit At Cosmopolitan Sold For $751,950 In 2007, Now $396,000 7207532 14 150x150 24th Floor Unit At Cosmopolitan Sold For $751,950 In 2007, Now $396,000 rsz cosmo3 150x144 24th Floor Unit At Cosmopolitan Sold For $751,950 In 2007, Now $396,000


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Filed Under: All Condos, Amenities, Business Center, Concierge, Cosmopolitan, Denny Triangle, Elevator, Exercise Room, Game Room, Home, Hot Tub, Lobby Entrance, Owners Lounge, Rec Room, Retail, Rooftop Deck, Sauna, Secure Parking, Storage Tagged With: , , , , , , ,

Remarkable Unit At Cristalla Once Listed at $2,095,000 Now $1,395,000

January 29, 2011 By Leave a Comment

Cristalla 1909 Living Remarkable Unit At Cristalla Once Listed at $2,095,000 Now $1,395,000
Project:  Cristalla
Neighborhood: Downtown

This phenomenal west facing unit at Cristalla Condominiums was once listed at $2,095,000 in 2007.  Now listed at $1,395,000 it offers remarkable views, great updating and a spacious interior.  This 19th floor unit features scandinavian birch floors, 17th century acid etched steel frame doors, honed absolute black granite and views that leave you speechless. Glass/metal cabinets. Showcase kitchen.

Photos & listing information courtesy of Wendy Lister.

UNIT FEATURES :

  • 19th floor
  • 1,588sf
  • 2 bedroom, 2 bath
  • Incredible updating

PROJECT AMENITIES :

  • 24 hour concierge
  • On-site managment
  • Pool
  • Sauna, wet and dry
  • Owners Lounge
  • Screening Room
  • Mutiple View Decks
  • Workout facility

View listings for sale, for rent or schedule a tour:

Jeff Active Listings Remarkable Unit At Cristalla Once Listed at $2,095,000 Now $1,395,000 For Rent Button1 Remarkable Unit At Cristalla Once Listed at $2,095,000 Now $1,395,000 Schedule a Tour Remarkable Unit At Cristalla Once Listed at $2,095,000 Now $1,395,000

CRISTALLA WALKSCORE


DOWNTOWN LISTINGS

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Filed Under: All Condos, Amenities, Architects, Belltown, Builders, Cristalla, Developers, Elevator, Exercise Room, Home, Lobby Entrance, Murry Franklyn, Owners Lounge, Rec Room, Retail, Rooftop Deck, Sauna, Secure Parking, Storage, Weber + Thompson Tagged With: , , , , , , ,

Four Seasons Private Residences

December 2, 2010 By 1 Comment

Four Seasons Private Residences 225x300 Four Seasons Private Residences

Address: 99 Union St, Seattle 98101
Neighborhood: Downtown/Westedge

Four Seasons Private Residences quickly became Seattle’s most exclusive address for luxury living.  With just 36 residences, over 149 hotel rooms, Four Seasons is sleek, elegant and offers a remarkable package of amenities, views and a prime location. Unobstructed views of Elliott Bay, the Olympic Mountains and the city skyline are the staple of this class “A” residence. Residents of the building live in the heart of downtown.  The building is adjacent to Pike Place Market, the newly expanded art museum and Seattle’s best dining, retail, and entertainment. Amenities include a dedicated 24-hour residential concierge, hotel services, valet parking, housekeeping and 24-hour room service.

Spacious floor plans range from 1,300 to 7,500 square feet. Original pricing ranged from $2 million to $16 million, but since its opening, prices have adjusted.

Quick Facts on the Four Seasons Private Residences:

  • 21-stories
  • $150 million project
  • 147 hotel rooms (levels 3-10)
  • 36 luxurious condominium homes (levels 11-21)
  • Business center,
  • Fitness room
  • 6,000-square-foot spa
  • Outdoor pool
  • Terrace with fireplace

Four Seasons Lobby 150x150 Four Seasons Private Residences Four Seasons Pool 150x150 Four Seasons Private Residences Four Seasons Gym 150x150 Four Seasons Private Residences

View all the active listings at Four Seasons .

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Sign-up to receive email notification of new Four Season condos for sale as soon as they hit the market.

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_________________________________________________________________________________

UCS Project Grade

Address: 99 Union St, Seattle 98101
Year Built: 2008
Bedrooms: 1-3
Bathrooms: 1-2.5
Floors: 21
Total Units: 36
Unit Size: Very Spacious
My Grade:
Location: A
Amenities: A+
Price: Still Very Expensive
Luxury: A+
Walk-ability: A
Unit Decor: Luxurious

Pets:  Subject to Restrictions

____________________________________________________________________________________________


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Filed Under: All Condos, Amenities, Business Center, Concierge, Elevator, Exercise Room, Four Seasons, Guest Suites, Home, Hotel Services, Lobby Entrance, Owners Lounge, Pool-Outdoor, Professional Landscaping, Sauna, Secure Parking, Spa, Storage, Terrace, Valet, West Edge Tagged With: , , , ,

Just Leased At Madison Tower | Hotel 1000

September 20, 2010 By Leave a Comment

I’ve been fortunate this year to work with GREAT people.  I just came back from a quick trip downtown to help a client sign a lease at Madison Tower/Hotel 1000.   In my opinion leasing at a condo/hotel has its advantages.

  • Hotel services
  • Expanded amenities
  • Incredible customer service
  • 24 hour concierge
  • Valet
  • Discounts on room service/restaurant dining
  • Expanded security

My client is thrilled for his move in…..I can understand why!

UrbanCondoSpaces can help you lease your dream unit or find the right tenant for your home.  For more information see our condo/home leasing service.

Rooftop.deck 300x225 Just Leased At Madison Tower | Hotel 1000 Kitchen 150x150 Just Leased At Madison Tower | Hotel 1000 Workout.Facility 150x150 Just Leased At Madison Tower | Hotel 1000

Interior 150x150 Just Leased At Madison Tower | Hotel 1000 Rooftop.deck4 150x150 Just Leased At Madison Tower | Hotel 1000 Rooftop.deck2 150x150 Just Leased At Madison Tower | Hotel 1000

Here is a description on Madison Tower (Courtesy of MadisonTowerCondos.com):

Madison Tower is comprised of 47 units units that sit above Hotel 1000 in Downtown Seattle.

Madison Tower is a boutique condo/hotel project that offers luxurious amenities and functional floor plans.  Completed in 2006, Madison Towers was the first hotel/condo project built in Seattle.  Located at 1st Ave and Madison Street, Madison Tower offers an exceptional location.  Amenities include a spa, gym, business center, room service, housekeeping service, virtual golfing, private elevators, exclusive roof-top deck and 24 hour valet.

There are five units per floor with the exception of the penthouse.  All the units are located between the 15th through the 24th floors.

The building is located between Pioneer Square and Pike Place Market on the corner of 1st Ave and Madison St and occupies a quarter block.

Overall, Madison Tower is class A project, good location and a great offering for Seattle residents.

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Filed Under: All Condos, Amenities, Business Center, Concierge, Courtyard, Elevator, Exercise Room, Guest Suites, Home, Hot Tub, Hotel Services, Lobby Entrance, Madison Tower, Retail, Rooftop Deck, Sauna, Secure Parking, Storage, Valet, Video Surveillance, West Edge Tagged With: , , ,

Escala-FHA Approved

June 7, 2010 By 1 Comment

0371 1024x575 Escala FHA Approved

According to Eric Mehr of Escala’s sales team, Escala was FHA approved on May 24th.  However they still need about 15 to 20 more sales to
start closing FHA loans.  Also according to Mehr, Escala has closed 27 conventional and cash deals thus far.

UCS Escala Profile
UCS Exclusive Website

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Filed Under: All Condos, Architects, Business Center, Concierge, Developers, Elevator, Exercise Room, Home, Hot Tub, Lobby Entrance, Midby Companies, MulvannyG2 Architects, Owners Lounge, Pilates/Yoga Studio, Pool-Indoor, Retail, Sauna, Secure Parking, Spa, Storage, Theater, Thoryk Architects Tagged With: , , , ,

Escala Sales Picking Up Steam-FHA Approval Just Weeks Away

April 27, 2010 By Leave a Comment

photo 2 Escala Sales Picking Up Steam FHA Approval Just Weeks Away

I spoke with Erik Mehr of Team Builder JLS yesterday regarding the progress at Escala Condominiums.  According to Mehr, they have successfully closed 6 sales since taking the project over.  They have over 40 pending sales and for those of you interested, you can follow their pending sales in the MLS.  They made a commitment to adding all their sales to the MLS last month.

In summary, Erik felt that they were making great progress.  He said that the HOA dues approach that reduced the owners monthly payments was very well received.  I inquired about what units were selling well, and as you might have expected the units priced between $450,000 and $550,000 have seen a lot of activity.  Mehr also mentioned that the “F” plans were seeing an abundance of sales as well.  They are the 3 bedroom units, generally priced over $2,000,000 dollars.  Thus far out of 20+ 3 bedroom units, Escala has sold 8 of those floorplans.

In terms of financing, MetLife, the projects preferred lender, is lending conventionally and will continue to do so.  This squashes a lot of the rumors that were suggesting that you had to purchase “all cash”.  I was also surprised to hear that the project is only a few weeks away from FHA approval as well.  This will be a monumental step for the success of the project.  I will confirm when they get their approval.

Overall, the 30-40% in reductions seem to be moving the majority of this inventory.  As the number of “new” units downtown continue to dissapate, Escala will be looked at as a good option for downtown living.

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Filed Under: All Condos, Amenities, Architects, Builders, Business Center, Concierge, Condo Updates, Courtyard, Elevator, Escala, Exercise Room, Game Room, Guest Suites, Home, Hot Tub, Lobby Entrance, MulvannyG2 Architects, Owners Lounge, Pilates/Yoga Studio, Pool-Indoor, Retail, Sauna, Seattle, Secure Parking, Theater, Thoryk Architects Tagged With: , , , ,

Bravern To Lease South Tower

April 27, 2010 By 1 Comment

The Residences at the Bravern Bravern To Lease South Tower

Schnitzer West has just announced that they will be renting the South tower at the Bravern Residences in Bellevue.  This should not come as a surprise, given the market conditions and the current inventory levels in downtown Bellevue.  What is surprising is discreet manner in which Schnitzer has been operating.  The brokerage community has had no idea what direction the project was going in.  Thus making it very difficult to recommend the project to prospective buyers. In addition, a few of the contracted buyers that I have spoken with also felt a little uneasy about the future and direction of the project.

This is a dramatic move that will ultimately change the inventory levels in Bellevue overnight.  As seen on their new website, www.liveatbravern.com, they give you access to units for sale in the North Tower and units for rent in the South Tower.  Rents will start at $1,100 dollars per month and are rumored to be as much as $5,000 per month.  They are advertising the Grand Opening as coming “soon”.

There is just basic language on the website leaving interested tenants the option of leaving their e-mail for further updates:
Found on  LiveAtBraven.com:

Introducing rental homes in the South Tower at The Bravern: homes in a wide range of floor plans, and whose quality, design, and amenities are as exceptional as the community they’re part of.

Eric Pryne of the Seattle Times wrote a great piece that can be found at SeattleTimes.com .  According to his article Dan Ivanhoff the managing director of the project was quoted as saying  “we’re shorting the supply” when referencing the inventory and lack of demand.  He added, that the change to apartments is not permanent and that the South Tower may be sold in the future depending on the market conditions.

This news also dramatically effects all of the existing apartment inventory in Bellevue as well.  I have not researched the exact number of available units for rent, but I can say that the number of vacant units is HUGE.  There are a handful of projects that were just completed and more on the way.

The other interesting angle to this story will be how it impacts Bellevue Towers, Washington Square, One-Main and Continental.  These are all active projects in Downtown Bellevue, fighting for each buyer looking to purchase in next 24 months.

Other blogs reporting on the Bravern:

Ben at TSCB:  Read Here

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