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November 2013

New Melrose Promenade Proposed on Capitol Hill

MP
The Melrose Promenade will forever change the look and feel of the western edge of Capitol Hill. Through the efforts of the community, a transformation of Melrose Ave, Melrose Ave E and other public open spaces could take place. Right now this section of the Hill is simply a “freeway frontage road” but it could soon be “a vibrant and visually stunning promenade”.

The site for the new promenade is located along a one mile stretch of Melrose Ave and bounded by Pike Street to the south and Lakeview Blvd to the north.  Read on to see the goals of the project, the different zones and which condo buildings might be affected.

Some of the project goals laid out on the Visioning Project are:

  • Improve pedestrian connections and safety at intersections
  • Improve bicycle connections, parking and facilities
  • Enhance connections to transit corridors
  • Activate underutilized street right-of-way and park spaces
  • Take advantage of views of lake, mountains, and downtown
  • Create multiple vibrant neighborhood gathering spaces

Continue reading "New Melrose Promenade Proposed on Capitol Hill" »


4 New Residential Towers in SLU near Amazon Proposed

Denny & FairviewTo say that South Lake Union is booming would be an understatement. It appears that even more new construction buildings are on their way to the neighborhood. According to the Seattle Times, the Canadian developer, Onni Group, may build up to 2 million square feet of residential space taking up two city blocks in South Lake Union. The 4 residential buildings would be located between Boren Ave N and Fairview Ave N and from Denny Way to Thomas Street.  This is basically just east of the current Seattle Times Building you see when driving along Denny Way.

The site plans for the project show that there would be 2 residential buildings per block and that both blocks would contain a central public courtyard space between the buildings. Both blocks would have retail space at ground level and there would be underground parking for the buildings as well.

No word on whether this will be condos or apartments but my guess is apartments since in their application filed with the city they mention low income housing.

View Obstruction Advisory: This project could partially impact the views of Lake Union from both the 2200 Condos (eastern part of the lake)  as well as the Cosmopolitan Condos.

 By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.


New Condo Building in Ballard Announced – Solo Lofts

Solo LoftsSolo Lofts, a 20 unit loft building in Ballard is set to begin pre-sales in January of 2014.  It is the 2nd confirmed condo building being built in Seattle since the recession, Insignia Towers being the 1st.  It will be located at 2018 NW 57th St, between 22nd Ave NW and 20th Ave NW. This is just a few blocks to NW Market St.

Solo Lofts Developer InHaus, from Canada, has chosen Seattle area Chris Pardo Design with designing the project. Redfin will be the listing Brokerage and marketing team. The building will be 7 stories and is shooting for BuiltGreen 4 star rating. As reported by Urbnlivin.com the project will feature units from 500-1200 square feet with concrete flooring, exposed ducting, tall ceilings with floor-to-ceiling windows, and a shared rooftop green space.

We will provide updates with more specific pricing and floor plan options as the information is released by the marketing team.

Rendering from Solo Loft's website.

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.


New Construction Condo Project Coming to First Hill

Another new condo project is coming to Seattle.  The Puget Sound Business Journal recently revealed that a new construction condominium project is set to start development in First Hill sometime in 2014. This developer is the second to officially announce a new condo project since the recession, 2nd to Insignia which broke ground this year and is already pre-selling units.

This project is planned as a 24 story tower located at 1321 Seneca Street in First Hill on a site that is currently a vacant lot. The condo tower will feature 169 units. The location is close to the shops and restaurants of Broadway and 12th Ave on Capitol Hill as well as close to the new street car line on Broadway, Virginia Mason, Swedish Hospital and Seattle University.

1321 Seneca Rendering 1321 Seneca St

Photo is Weber Thomspon Rendering from PSBJ

We’ll be keeping an ear out on the progress of the project and will update periodically. 

 By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.

 


Condo Review - East View Condominiums in Madison Valley

East View Condominiums in Madison Valley
1836 25th Ave, Seattle

1836_25th_ave_03 1836_25th_ave_02

The East View Condominiums is a small boutique condo building located in the increasingly popular Madison Valley neighborhood.  East View is located on a quiet residential street but close to the shops of Madison Valley and not too far off all the vibrancy of Capitol Hill and close to the Safeway and Trader Joe’s on Madison.  With only 12 units, it’s a nice option for those wanting the conveniences of condo living but without the big condo building feel.  And its location makes it ideal for those looking for a quieter neighborhood vibe but still wanting the condo lifestyle.

 The stats:

  • 12 condo units
  • 3 stories
  • Built in 1985
  • There are 6 one bedrooms and 6 two bedrooms
  • Range in size from approximately 620-816 square feet
  • All have 1 parking space in the gated garage
  • 1 unit has sold in the last year at $156,450 and at the time of this article 1 unit is pending at a list price of $265,000
  • HOA dues include: sewer, garbage, water, master insurance policy
  • Amenities: The building itself does not have common amenities other than secured parking garages and storage units

Continue reading "Condo Review - East View Condominiums in Madison Valley" »


The Icon Tower Project in Belltown is Resurrected

Icon TowerIcon Tower, originally set to be a 224 unit 30 story condo building, might be resurrected. The project was planned for a triangle lot on 600 Wall St between Wall St, Denny Way and 6th Ave. This condo tower development, among many others, was put on hold when the recession hit.

According to a recent article in the Puget Sound Business Journal, the Developer now plans to build a 38 story building with 310 units. However, what isn’t known is if this tower will be an apartment or condo building. Also of note, since the lot is small a typical parking garage will not be possible as there is no room for ramps so a mechanical parking system will be used. It will be much like a car elevator according to the description in the PSBJ.  (Photo of original design from 2007) 

It will be interesting to see how many, if any, of these resuscitated buildings will be sold as condos.  We will keep you posted as we hear more.

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.