downtown seattle: The Rise of The Apartments - 03/19/08 04:20 PM
As downtown Seattle's condo boom becomes tempered from its peak due to rising inventory and economy woes, new apartment construction is on rise. More than 10 projects, many of which are luxury high-rises, are planned or are currently under construction in the city core.
The Olivian
Location: 8th & Olive Building: 27-story, … (1 comments)
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downtown seattle: Downtown Seattle Condo Development Updates - 03/18/08 12:53 AM
Seneca Towers The DJC reported that Laconia Development (formerly Levin Menzies) plans to start work on Seneca Towers this summer and anticipates completion in the summer of 2010. Seneca Towers, located at 8th & Seneca, will consist of 294 units in two towers.
Icon Tower The other project Laconia is developing … (0 comments)
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downtown seattle: 2007 State of Downtown Report - 03/17/08 01:35 PM
The Downtown Seattle Association recently held its annual State of Downtown event providing an overview of downtown commerce, development and livability issues.
Here's a run down of downtown Seattle's housing highlights:
Approximately 13% of Seattle’s housing units, or 37,320 units, are located in the downtown area.The number of residents increased nominally … (0 comments)
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downtown seattle: Downtown Seattle Condo Appreciation 2007 - 01/17/08 01:58 AM
One neighborhood that underperformed in 2007 was the Downtown Seattle/Belltown area (MLS area 701) which posted a modest 6.0% increase in appreciation. Actually, 6% is pretty good, however, many expected the downtown area to reach 9% or 10%. In reality, if it wasn't for year end closings at a couple of … (0 comments)
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downtown seattle: Re-inventing downtown's Second Avenue - 09/21/07 08:11 PM
Downtown Seattle’s 2nd Avenue has been receiving quite a bit of attention lately with several condominium, apartment and office towers under construction or planned. The most notable of these include the 1521 Condominium, 1 Hotel & Residences, 2nd & Pike (hotel & condo) and the Liberty Building (office & apartment) developments.
… (1 comments)
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downtown seattle: 2nd & Pike Project Info - 09/17/07 02:36 PM
Recently, the Daily Journal of Commerce reported on new developments at the 2nd & Pike project. The developer, Urban Visions, announced that they are within a year of starting construction on the 36-story hotel/condo project. The proposal includes a 150 room 5-star hotel and 150 ultra luxury condominium homes.
2nd … (0 comments)
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downtown seattle: Downtown Seattle Condo Update - June 2007 - 07/11/07 06:40 PM
The downtown Seattle condo market (downtown, Belltown & Denny Triangle districts) remained stable in June. Compared to June 2006, unit sales increased 10.5% and the median price rose 9.2% to $439,500, dipping into single-digit territory.
However, downtown, like the region as a whole, is starting to show signs of a softening condo … (1 comments)
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downtown seattle: April 2007 Downtown Seattle Condo Report - 05/08/07 11:30 PM
Downtown Seattle's condo market is starting to sizzle. Compared to March, condo unit sales were up a whopping 82%, likely spurred by resales from recently completed projects and the seasonal market change. That's the good news. On the flip side, average sale price decreased 4% while the median price rose 4% … (0 comments)
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downtown seattle: The State of Downtown Seattle - 02/10/07 04:16 PM
The Downtown Seattle Association hosted its 2007 State of Downtown Economic Forum on Feb. 9th providing an overview of current and future downtown livability issues, planning and development. Of particular interest was the forecast for the eventual construction (or not) of the 32 high-rise condominium projects on tap for downtown over … (1 comments)
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downtown seattle: Downtown Seattle Condo Update - 08/01/06 02:19 PM
July saw an increase in condo inventory in the Downtown, Belltown & Pioneer Square areas from 89 to 131 active listings. Pending sales also increased 8.9% from 35 to 39. Interestingly, with the increased inventory, buyers had more choices and it resonated with them as the average days on market … (0 comments)
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downtown seattle: Seattle Area Condo Appreciation Rates - 07/30/06 03:19 AM
Condominiums have shed it's image as housing for people who couldn't afford single family homes. Condos now make up 25% of the total home sales in King County and is outpacing single family homes in appreciation. With many new projects being constructed in the downtown & urban core areas, complete with … (1 comments)
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downtown seattle: Reshaping Seattle's Waterfront - 07/24/06 02:39 PM
To some, Seattle's Alaskan Way Viaduct (elevated portion of Highway 99) is an eye sore, a disaster waiting to happen, an endearing piece of Seattle's history. Either way, it slices downtown from it's waterfront limiting access and views. The 2001 6.8 magnitude Nisqually Earthquake damaged the viaduct which has been undergoing … (0 comments)
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downtown seattle: Downtown's newest park - 07/20/06 08:11 PM
Buildings alone do not make a neighborhood, especially in downtown. The Seattle Art Musuem's grand outdoor project for the city is the Olympic Sculpture Park on the waterfront in downtown's Belltown neighborhood. The 9-acre park, provide residents with much needed green space, outdoor art work and a place to contemplate.
The … (0 comments)
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downtown seattle: Seattle Summer in Full Swing - 07/20/06 07:38 PM
Once in a while the clouds hide and the sun shines upon our fair city. Known as the Rain City, Seattle is experiencing record highs with temperatures reaching into the 90's this weekend...and just in time too. Here's what's going on.
Bite of Seattle - July 21 - 22nd
The 25th … (0 comments)
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downtown seattle: Who's buying high-end homes? - 07/17/06 04:15 PM
I always wondered who are the people buying the new condos in the downtown area, and where are they coming from. Afterall, 49 new condo projects are planned and most start at the $500,000 level with a significant number priced above $1 million. The median income in King county is only … (1 comments)
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