Escala was just featured in the Seattle Times – Downtown Living Section
Escala, a condominium tower now under construction in the heart of Midtown, recently reached a milestone as more than 50 percent of its Premier Sales Release has been sold. More than $6 million in sales were recorded in the last month alone, resulting in an Encore Sales Release happening now.
Escala developer John Midby of LEXAS Companies says the new inventory actually represents the last near-term opportunity for new condominiums in downtown Seattle, given the reported 95 percent drop in new construction deliveries anticipated by 2010.
Seattle continues to demonstrate the most enviable real estate fundamentals in the U.S., but the condo pipeline has become severely constrained, says Midby. Were very fortunate to be moving ahead when so many other developments are delayed behind the credit crunch. Our proposition is simple we offer a finite number of preferred homes in the most confident market in the nation.
By late 2009, the 30-story tower will be comprised of 270 condominiums averaging more than $1 million. Savvy homebuyers recognize that Escala has differentiated design, unparalleled amenities and ideal timing, says Chris Stiebler, community sales manager for Windermere OnSite.
Escala was recently recognized by the National Association of Home Builders as having the best floor plan in the nation and was just recognized as a finalist by the Pacific Coast Builders Conference for Best Specialty Project for Club Cielo, Seattles first private social club in more than 20 years.
Escala is far more than a luxury high-rise condominium its becoming downtown Seattles finest lifestyle establishment, says Midby.
Midby has partnered with PONCHO and Masins Fine Furniture for art and furnishings at Escala and has reached out to Columbia Hospitality to run the new social club. The hospitality company recently appointed Ken and Cathi Hatch as founding cochairs of the advisory committee for Club Cielo. For more information on the clubs development, visit www.clubcielo.com.
Escala is one of the most unique buildings to arrive in Seattle with fantastic amenities.