R.C. Hedreen Company | UrbanCondoSpaces

Luxury Condo Rental At Olive 8

April 9, 2011 By admin Leave a Comment

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.

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: 2 bedroom, Condo, Condos, high-rise, Luxury, Olive 8, Rentals

Olive 8 Condo Auction Results | Detailed Analysis

September 19, 2010 By admin Leave a Comment

As promised in my earlier post this morning the Olive 8 Auction results are in. Click the picture below to view a detailed analysis on the numbers. In summary, 32 of the 34 units from the original “Auction Sheet” sold. For reasons unknown, the developer elected to eliminate two of the 34 units.

Auction Statistics and Observations:

Total units sold 32
Average selling price $415,813.
Average selling cost per square foot $451
Highest cost per square foot sale $565
Lowest cost per square foot sale $381
The average discount given was 66% off the previous pricing
The auction results seem to favor buyers
There were an estimated 80-100 bidders and over 350 in attendance

As a side note, I wish to congratulate a client of mine that successfully purchased a unit today. She had the support of me and her family, but deserves all the credit as she was diligent in her preparation and stuck to her game-plan.

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Filed Under: All Condos, Auction News, Denny Triangle, Developers, Home, Market News/Trends, Olive 8, R.C. Hedreen Company Tagged With: Auction Results, Olive 8 Auction, Seattle Condo Auction

Olive 8 Auction Confirmed

August 16, 2010 By admin 1 Comment

The Olive 8 auction has been confirmed (read here). As seen on the Olive 8 blog:

The Olive 8 Sales Team is proud to announce that we will have 34 homes auctioned in September. The auctioned homes will be on our lower floors 18 through 26.

The sales office will remain open onsite and continue to sell floors 27 through 39 our “Sky Suites.” Now is a great time to buy a view home in Seattle’s tallest and most luxurious tower. The sales office is open daily from noon to 5 p.m.

The Sales Team

Details in terms of pricing have not come out yet, but we should expect them this week. I’ve heard that R.C. Hendreen, the developer for Olive 8 is deciding between Accelerated Marketing Partners and Kennedy Wilson to hold the auction. If you have not attended an auction before, I would encourage you to go. It is a little chaotic but entertaining to say the least.

I will look to post later this week with more details on pricing and my opinion on the value of buying at an auction.

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Filed Under: All Condos, Amenities, Architects, Auction News, Business Center, Concierge, Denny Triangle, Developers, Gluckman Mayner Architects, Home, Market News/Trends, MulvannyG2 Architects, Olive 8, R.C. Hedreen Company Tagged With: Auction, Condo, Condo Auction, Condos, Olive 8, Olive 8 Condos

Condo Auction At Olive 8?

August 3, 2010 By admin 4 Comments

I’m hearing rumblings about an auction at Olive 8 condominiums in September. Stay tuned for more information and confirmed sources.

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Filed Under: All Condos, Amenities, Business Center, Concierge, Denny Triangle, Developers, Elevator, Home, Hotel Services, LEED Certification, Lobby Entrance, Olive 8, Owners Lounge, Pilates/Yoga Studio, Pool-Indoor, R.C. Hedreen Company, Retail, Secure Parking, Spa, Storage, Valet Tagged With: Auction, Condo, Downtown condo, Olive 8, Olive 8 Condos, Seattle condos

Olive 8 Update

April 13, 2010 By jeff Leave a Comment

Periodically, I will update on the progress of some of our local condo projects. I’ve checked in with the sales team at Olive 8 for a few months and didn’t get much in response. On that note, they did get back to me tonight with an update. (Thank You!)

It came directly from Megan Hilfer at ParsonsPr (Olive 8‘s PR firm).

Here is an update for you about what’s been going on at Olive 8:

We have had 21 sales so far in 2010.
Our traffic numbers our competitive with other projects – an average of 65-70 visitors per week.
We have a month-long art show with Patricia Cameron Gallery that is kicking off with a party this Thursday, April 15^th from 5-7pm. There will be food and drinks, and a prize drawing. See Art at Olive 8 evite for more info.

21 sales since the beginning of 2010 is pretty good. In the next few weeks, I will be sure to see how many they have actually closed. Which we all know is a very different story. Either way, their success is important for all of us, so I hope their sales continue. For additional info on the project, I thought I would add a few links for your review: