If you’ve been down to Pike Place Market in the last few days you probably noticed the scaffolding going up on Market Court Condominiums. They are set to begin an estimated $3.1 million dollar replacement of both its siding and windows. As I mentioned in a post last week, it presents an interesting scenario for someone wanting to take advantage of lower prices due to the construction (assuming you have already done your research on the project and its financial reserves). In a similar situation, you might look at the buildings near the former McGuire Apartments as they continue to demolish the 25 story structure. Rumor has it that the demolition is both incredibly loud and dusty.
Defective elements in condo towers can present buying opportunities for those willing to take the risk.