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November 14, 2006

Cosmopolitan

Cosmopolitan_1The Cosmopolitan on 9th and Virginia is on track to be open for occupancy early 2007.  With few units other than penthouses remaining, the $100 Million project is aimed at sophisticated urbanites. The first 9 of the 33 floors of the tour will house retail space and 8 floors of parking with 270 spaces.

The 250 condos will start on the tenth floor, above one floor of amenities, which will include luxuries such as a fully equipped gym complete with Yoga and Sauna, spa, guest suite, and a business center and lounge. Cosmopolitan is designed by Mithun Architects who is also involve in Domaine and Mosler Lofts condos.

Although currently there are only Penthouses and a 2 bedroom and 2 bathroom floor plan available, the majority of the units are comprised of studios, 1 and 2 bedroom homes. The remaining 2 bedroom floor plan is priced at just over $700,000 with the penthouses selling for $950,000 to $1.9 Million. The building units boast city, mountain and lake views, stone countertops and stainless steel appliances with gas cooktops.

Pros

- Lowest residential unit starts from the tenth floor, insulating residents from the street noise.

Cons

-Further away from the downtown core area.

SCR Scorecard (Updated 04/19/07)

Exterior           Good

Interior           Good

Location        Average

Amenities      Average

Value             Good

Overall           Good

-Wendy

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Comments

I just wanted to say, I have seen the construction since the early stages, when it was just a parking lot, until now, great job it is a nice tall building. I work across the street and me and my colegues are always wandering how does it look inside, we are just curious. I even took pictures of it during the excavation and send the pictures to my dad down in Mexico, he is an architect and I like showing him the technology and the fast they build stuff around here, it seems like it was just yesterday when I saw the beginning of it, every day coming to work I will see new things, just unbelievable!. Anyway I just thought I will comment on that and if you have an open house or a tour just for the neighbors please let us know. If not possible, that is o.k. we understand, we are all for safety. Thank you.

Claudia, they just started closing on some of the homes in the building. Homes will be available for viewing sometime in April.

Hi Claudia & all the people in connection,

I have just read your memo off the website regarding this building in Seattle. I am impressed. Very good!

My husband worked on this project. Very exciting & challenge to be part of it. Yeah, would be nice to tour it. If you hear something, please do not hesitate to contact me.

Mortenson Construction main folks! I appreciate your time & attention.

Best Regards,

Melissa Turner
melita030@yahoo.com

Moved in there about a month ago, and can’t say enough of good things about it. All the crew that works there is very helpful providing the best customer service. The roof top is absolutely worth millions!! View is magnificent from every direction, could be enjoyed while BBQ-ing, tanning, or reading a book. Amenities such as Guest room, Owners Lounge, Computer room, Conference room, Workout room, Jacuzzi and Sauna all with the view, designed with a taste. Walk to Pike Place Market is only 7 minutes away. The Mall is in a two blocks walk, Whole Foods is two blocks in opposite direction. The Units themselves are quality made and thoroughly inspected, providing good insulation from the outside as well as between the units. Seller provided with very fair pricing.

Agree the views are great and pricing was fair. Nice solid building with great amenities like roof top deck, club room, office, meeting room, gym, etc.

Some nits: the intercom system is incredibly hard to use, the elevator screams the floor in a very, very annoying voice, the lobby is nice but the fireplace sitting area doesn't have that Cristalla or Concorde grand feel, and there doesn't seem to be much retail activity in the immediate one block radius.

I just moved in last week and, like the above posters, can't say enough good things about my unit and the staff. Everyone is exceedingly kind and willing to help. The unit is well constructed and has very high quality appliances even though I chose not to upgrade those beyond the basic package. All in all, the only slight complaint I can think of is that there is not nearly enough closet space in the unit, but this can be overcome by using a dresser, etc. I am completely enamored with the building and feel very much at home here.

FYI, there are a handful of units for sale now by owners who purchased solely as an investment. They listed their units as soon as they closed escrow.

so how many of the above posters are actually sellers?

I am an owner of the Cosmopolitan. All the realtors representing owners who are reselling are holding an open house this weekend the 19th I believe. there should be newspaper ads about this.

It looks like there are a couple of developments just to the NW of the Cosmopolitan (8th & Virginia, and 7th & Virginia). Do you know anything about these and how much impact they will have on views from the Cosmopolitan? I'm considering purchasing there, and right now views are great, but am curious about those other buildings.

I've heard that the views will be totally blocked and that it's a reason that some people are trying to sell now.

Well, I just walked by the block tonight and it looks like there are 2 proposed developments on the same block as the Cosmopolitan, 33 and 35 stories. They are to the W and SW of the building, right across an alley. So looking for something on the N or E side might be a better bet.

Will views of both the Needle and Lake Union be blocked?

I recently posted some info on the development projects to the west of Cosmo:

http://cosmoseattle.blogspot.com/2007/05/cosmo-interrupted.html

hope this helps.

My husband and I moved into the building in late June and so far only have wonderful things to report. We've found the storage space within our unit to be more than adequate and have really enjoyed the rooftop deck and grills. The only complaint so far is that the elevators are too slow. I'm sure they will fix that issue soon, however.

Is the developer still selling units or have they all sold out???

They still have some penthouses available.
http://cosmopolitanseattle.com/

 

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