The newly formed Matrix Real Estate will be taking over the sales and marketing of One Main in Bellevue.
One Main is a 10 story 62 unit new construction project in the Southwest corner of Downtown Bellevue. On the popular Main Street corridor, One Main was once a project that looked like it could “sell” through the recession. Unfortunately, like many other local condo projects, disgruntled buyers turned in their contract rescissions and many of their original owners back out. It is not to say that they haven’t had success, but overall they could have been much better off going back to their owners with price adjustments and concessions to keep their customers happy.
In my office alone, agents represented 6 buyers that back out of their contracts (our team had 3 of those). This is not the first project to experience this. Let it be known that without price concessions or new marketing programs it will face the same problems that have plagued the rest of Bellevue’s condo projects. I have made it quite clear in the past that the same song and dance is not working. It is time to get serious and take action so that the market will absorb the inventory that is currently available. With a new face lift, new sales team and their grand opening in March, this once fiercely popular project may once again gain steam. I wish them the best.
With all things considered, it is a great location with phenomenal access to freeways, Bell Square Mall, area restaurants, the much anticipated waterfront park (in planning) and all that Bellevue has to offer.
If you want to learn more about the project or the stage that it is in; as always feel free to e-mail us at info@urbanimg.com
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