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April 2018

Update on Sonata Condominiums in Columbia City

Sonata 2Sonata, the new construction condominium project in Columbia City, is coming soon and they have released more information and floorplans for the project.

THE DETAILS:

  • 96 units
  • Live/work lofts, studio, urban one bedroom, one bedroom, one bedroom + den, and two bedrooms
  • Sized from below 400 square feet to more than 1,000 square feet
  • Priced from $300,000 to $800,000+
  • Clean, contemporary design
  • Emphasis on space efficiency and high functionality
  • Oversized windows and soaring ceilings
  • Hardwood floors, modern kitchens with stainless steel appliances and quartz counters, and spacious, spa-like baths
  • Host of color palette and customization options
  • Amenities: numerous outdoor gardens, a roof deck with outdoor fireplaces and BBQs, a large co-working space that will share the ground floor with an eclectic mix of retail and dining options, bicycle room and underground parking
  • Blocks from amenities, restaurants, cafes and services of Columbia City and across the street from the Link Light Rail station (15 minutes to Downtown!)
  • Occupancy in 2019

SALES DETAILS:

  • Prospective buyers will be able to reserve a home in advance of presales by putting down a fully-refundable $5,000 deposit held in escrow confirming a particular home with a set price range, and will be granted a first right of opportunity to enter into a presale just as soon as the developer is able to confirm the product offering
  • The reservation event is now scheduled to take place in June—exact date TBD

Looking forward to the reservation event!

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


Hendon Condos in Phinney Ridge are on the Market

Hendon Condominiums, the new construction condominium building in Phinney Ridge, has released a smattering of their available units for sale. They will be releasing all remaining units in phases.

This is a great opportunity to purchase a condominium with no offer review date and potentially no competition and get into a newly constructed condo in a great north Seattle neighborhood.

20180413_131008Here is a price list of the condos available for purchase in this phased release:

  • #102: 569 sf studio $499,000 (no parking)
  • #103: 569 sf studio $485,000 (no parking)
  • #208: 815 sf 1 bed 1.5 bath $609,900
  • #209: 738 sf 1 bed $579,900
  • #210: 897 sf 1 bed + den 1.5 bath $629,950
  • #304: 705 sf 1 bed $550,000 (no parking)
  • #310: 897 sf 1 bed + den 1.5 bath $639,000
  • #406: 815 sf 1 bed $749,000 with private rooftop deck (and it is really a large space!)

Other details to note:

  • 6 of 32 units are unparked - all 4 of the studios on floor 1 along with two of the 1 bedrooms have no parking
  • All 32 units have storage
  • Common roof deck with views of Green Lake
  • 1st floor studios have private patios
  • 4th floor units have private roof decks and some also have decks off of the living space  as well
  • Units have mini-split heating and air conditioning
  • Sales are going straight to Purchase and Sale and require 5 % earnest money, however their Public Offering Statement (POS) is not recorded so they are estimating that they will have closings 60 days after the POS is ready for buyer review
  • They are not accepting investor purchasers at this time

20180413_131148 20180413_131519 20180413_131133 20180413_131751 20180413_131818 20180413_131426

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


Massive Redevelopment of Northgate Mall Bringing New Services & Vibrancy to this North Seattle Neighborhood

Northgate 2According to a recent PSBJ article, the owners of Northgate mall will be taking on a major overhaul of the property to include reducing the retail space and adding in its place office space, residential units, restaurants and a hotel. This is exciting as this north Seattle neighborhood has started to become known for its aging mall (though it does have my wife’s favorite shoe store, DSW!) and the big box stores of Target and Best Buy across the street.  This image and the mall itself will be getting a substantial face lift. No, let’s call it a complete makeover!

The new mall will have the ground floor areas remaining as retail and restaurants while above that would be a mix of hotel, multifamily residential, and office space. They are also talking about adding green space that the neighborhood can enjoy and benefit from!

While this topic might not seem important to a condominium blog, we disagree. Northgate is going through a bit of a renaissance. With the new light rail station coming soon, able to whisk people into Downtown in 14 minutes, we believe the neighborhood will soon be booming when it comes to real estate popularity. Now add to that the redevelopment of the Northgate mall to include more neighborhood amenities, we think Northgate will be the next up and coming neighborhood in Seattle that will experience higher than average appreciation.

Hopefully the residential portion of the Northgate mall redevelopment will include at least some condominiums to help with the extreme shortage of newer condominiums in our city.  While this is not yet known, we’ll cross our fingers that the developers are able to deliver some pre-sale condo opportunities.  What we hear most from buyers is that they want to be close to amenities with an easy and short commute into Downtown and South Lake Union, so it seems like a great opportunity for that. Of course, not all people work Downtown or near a light rail stop, but for those that do, the light rail is a real benefit and directly affects real estate demand. Look at how much Columbia City and Hillman City have boomed since the light rail went in on the south end of the city.  With the addition of restaurants, cafes and a more modern retail, this neighborhood will have tons to walk to. If your job relocates to the new office space there, you will be even better off.

Amenities and transit, coming soon to Northgate. And hopefully, condos.

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