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Greenwood Condo News

By
Real Estate Agent with Keller Williams Greater Seattle

Seattle's urban core neighborhoods have seen the lion's share of new condo development.  Quietly, though, Seattle's north end Greenwood neighborhood has been experiencing its own condo renaissance of sorts.

For the past two years a number of condominium projects have taken shape around the neighborhood's business district at the junction of Greenwood Ave and N 85th Street.  It's a good thing too as new residents will enjoy the many small businesses, antique shops, cafes and restaurants.  Businesses include fan-favorite Gorditos, Olive You, Antika, Tully's, Romios, Safeway and Cat City, PAWS' cat adoption facility.

So what's happening in Greenwood?

 Sapphire Condos - Greenwood's newest condo project, the Sapphire provides an affordable option featuring 60 stylish homes.  Residents will enjoy the great outdoor features including an expansive roof-top terrace and a private landscaped park.  Sapphire is putting on its finishing touches and homes are available for purchase.  Read more about Sapphire Condos

Jade Mountain - Jade Mountain is a smaller boutique style condo just up the street from the business district.  The recently completed building includes just 26 condominium homes.  Read more about Jade Mountain.

Aspen Condos - The Aspen is a 2006 conversion featuring 24 units.  The homes are on the smaller side but provide an affordable alternative.  Read more about Aspen Condos.

Maison - Surrounding a central courtyard, Maison's features stylish homes, nicely done for a conversion project.  Read more about Maison

Comments (2)

Jacqulyn Richey
Prominent Realty Group - Las Vegas, NV
Las Vegas Real Estate
We went through  a condo conversion boom in 2004 and 2005.  For a while, they were thinking about putting a moratorium on conversions because so many people were being evicted and were having a hard time finding a new place to rent.  Have you had the same problems there with conversions? -Charles
May 03, 2007 07:54 AM
Ben Kakimoto
Keller Williams Greater Seattle - Seattle, WA
Seattle Condo Specialist

There were bills in the legislature this year to put a curb on conversions, increase notification time and increase relocation assistance payments.  Neither the House nor Senate versions made it to the floor for a vote.  Last year, I think the figure was about 5000 units that were converted in Seattle.  I suspect, we'll see another attempt during the next legislative session.

Generally, I'm in favor of conversions but also feel for the displaced tenants. I supported the House Bill version which would have given tenants more notice and a higher relocation payment.  With so many of the new construction ranging from $500,000 to the millions, conversions are really the only option for many first-time home buyers.

May 03, 2007 09:16 AM