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

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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

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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...]

New Condo Project Coming to 4th and Bell, Downtown Seattle

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The PSBJ reported on a $20M dollar sale this week for a property located 4th and Bell. Initially, like most projects in the Seattle the last 5 years, we excepted the project to be apartments. Breaking this morning, TeamRise, the developer of the quarter block site, announced that the project will be condos. At this point, all we know is the location of the site and that the … [Read more...]

Apartment Developers Are Betting Big On Belltown

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Have you been to Belltown lately? Does it look different to you? It should. There are new apartment projects being built all over the city but take a look at whats happening in Belltown. 5 projects newly built, 2 under construction and new projects being announced daily. Including a 20 million dollar purchase for a 22 story highrise at 4th and Bell.  These projects add close … [Read more...]

$6,000,000 Penthouse Goes Pending In Bellevue, 8 Days On Market

One Main Penthouse

A $6M dollar condo just went pending in Downtown Bellevue at the 2010 built One Main Street in Bellevue. What is more incredible than the number it fetched ($6M), is how quickly it went under contract - just 8 days. It takes up the entire floor of the 57 unit 10 story building. It has 3 bedrooms, 3.5 baths and 3 fireplaces. At 4,358 square feet, it offers massive west-facing … [Read more...]

A Seattle Real Estate Project To Keep An Eye On

DPD _ Design Proposal

Driving through South Lake Union is a bizarre experience. There are so many new projects under construction that it makes your head spin. There are a few key projects that we are paying attention to. The one that seems most relevant in terms of view impact is the full block development site at Denny and Westlake. It is the current home of the South Lake Union Discovery … [Read more...]