The future residential pulse of Vulcan’s 60-acre South Lake Union re-development relies on three developments under construction: The Veer Lofts, slated for completion in early 2008; Rollin Street, to be finished in spring of 2009; and Enso (across from 2200 Westlake), scheduled to be done in the winter of 2009. The three condominium developments are helping vitalize a neighborhood still realizing its potential. The South Lake Union Streetcar, connecting SLU and downtown, hopes to figure prominently in the lives of all three’s residents. First phase of sales on these developments ends July 31st. The Sales Office has hinted that prices on all three may rise on August 1st at the start of the second phase.
Veer Lofts, a 99-unit complex on 9th and Harrison, primarily targets first-time homebuyers. Flats, flexi-lofts (5-ft loft ceilings) and full-lofts (8-ft loft ceilings) are available. Relatively affordable units originally started in the mid-$200,000s (the least expensive unit currently availableis in the mid $300k’s). Flexi-lofts top out around 740 sq ft with a max price around $600K. Full-lofts start at 800 sq ft, increasing to almost 1100 sq ft. These price out at $500,000-$700,000. There is also one penthouse available at $925,000.
Rollin Street is considerably larger, housing 208 units. Most flats are extremely open – walls will be rare. Prices begin in the $400,000-range and can head over $1 million. Smaller square footage begins at an already roomy 700 sq ft and progresses to over 2,000 sq ft. There are penthouse options as well. Rollin Street is located at Westlake and Denny, across from 2200 Westlake.
Enso is to be a 19-story tower of 135 condominiums. Large open one-bedroom floorplans start in the $400,000s and penthouses can climb over $1.5 million. A typical two-bedroom unit will stay just shy of $1 million. Studios are 700 sq ft, one-bedrooms run to 900 sq ft and 1br+den will run to 1000 sq ft. Two-bedrooms start at 1100 sq ft and head upward of 1300. A penthouse unit can be nearly 2300 sq ft, in either a 1- or 2-story residence.
Update: The Museum of History and Industry is coming to South Lake! MOHAI article