It's easy to get bored reading about Seattle Condos. Seems like they are all fairly similar these days - great views, lots of glass, novel amenities, and perhaps an attached hotel. It was kind of a breath of fresh air to check out the Harvard and Highland project in Capitol Hill's Historic Landmark district. The lowest price unit starts at $1.45M and go as high as ~$5M. It's def not your typical mid-career $500K purchase but that's not who they're going after.
According to George Kropinski, the manger for H&H, home buyers purchasing this type of homes are moving for life changing reasons. They are mainly empty-nester buyers (I'd add well heeled ones) who are downsizing from their 4,000-5,000 square foot homes to a 2,000-3,000 square foot condo that requires minimal maintenance work so they can spend time traveling around the country (probably to visit the new grand kids). Some may own a 2nd home in Miami or LA. Half of the time, they may not be in their primary home. Due to the baby boomer demographics, this market gets bigger every year and there is demand to build this type of home to cater to their needs. People who buy H&H are like the regal baby boomers I suppose.
He also pointed out that home buyers looking at H&H are generally looking for a transitional design, a cross between traditional and modern finishes. A single family home with multi-story or a high-rise condo with too contemporary of a design will not appeal to them.