Previous month:
April 2013
Next month:
June 2013

May 2013

Insignia Update

Here's a great update on the Insignia project which as you know is the first new project in Seattle in quite some time.  

Insignia 600 (1)

 

The 41-story Insignia is a two-tower project. Burnaby, B.C.-based Bosa Development Corp. is building the south tower, which will have 350 residences. Presales should start after Labor Day, said Bosa, with prices ranging from the high $400,000s to about $2 million for 10 to 12 units at the top of the tower.

PSBJ article here.

 

By Wendy Leung with Seattle Condo Review: A guide to Seattle Condos and Downtown Seattle Condos exclusively for buyers and sellers.

 


How Will the New Seattle Tunnel and Removal of the Viaduct Affect Condo Views and Values? Part 2 of 4

In Part 1of this Blog Series we covered how the Seattle waterfront is undergoing an epic change that will forever change the face of the city from the water’s edge.  That change is the replacement of the aging Alaskan Way Viaduct with a deep bore tunnel, and the revitalization of the Alaskan Way waterfront.  Condominiums near the south portal of the new tunnel in Pioneer Square were highlighted along with the likely impact on them, both good and bad.

Hopefully, this series will bring some clarity and help folks make decisions about where they might want live if they are looking into buying. Or if you currently own a Seattle condo in the affected areas, if and when you might want to consider selling and moving up to something different or staying put and enjoying what’s to come.

For part 2 of this series, we move north from the South Portal of Tunnel (Pioneer Square and the Stadium District) up to the West Edge and Market neighborhoods. We felt it was perfect timing, as within the last couple weeks the famed boring machine, named Bertha, arrived at the Seattle Waterfront by way of ship.  She will soon be placed in service to start boring the tunnel beneath our city. Isn’t she massive?
Bertha Courtesy of WSDOTPhoto courtesy of WSDOT

For reference:  The West Edge is considered the neighborhood that borders downtown Seattle’s business district on the west “edge” along 1st Avenue with Pioneer Square to its south, and the Pike Place Market to its north.

First off, both of these neighborhoods will have the new deep bore tunnel running directly beneath them in some areas.  Some condo buildings including One Pacific Tower, in fact, have sold underground easement rights to allow for the tunnel to be bored beneath it.  It remains to be seen if any of the underground work will even be noticeable.  But it might be worth the occasional vibration from construction and Bertha to benefit from the future view outlooks, traffic noise reduction once the viaduct is gone, and access improvements to the waterfront.
Map of Market & Waterfront Viaduct Affected Bldgs.jpg

Buildings Most Likely Affected in:

The West Edge Neighborhood
 

Continue reading "How Will the New Seattle Tunnel and Removal of the Viaduct Affect Condo Views and Values? Part 2 of 4 " »