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March 4, 2018 - March 10, 2018

Gridiron Condominiums Update - Remaining Units & Our Thoughts

Gridiron, the new construction condominium in Pioneer Square, has received it's certificate of occupancy and has started closing homes. Now that the building is mostly complete, we were able to walk through, tour the building and amenities, learn about the remaining available units and enjoy the actual views and finishes in person.

We summarized the basics and also added in some additional information along with our opinions. Additional photos are also below.

20180308_134000THE BASICS:

  • 27 condo units left available
    • 7 are 2 bedrooms and the rest are open one or one bedroom homes
  • Remaining open 1 bedrooms
    • 620 to 819 square feet
    • Priced from $606,900 to $786,900
    • HOA dues from $447 to $591
  • Remaining 1 bedrooms
    • 771 to 855 square feet
    • Priced from $721,900 to $811,900
    • HOA dues from $557 to $616
  • Remaining 2 bedrooms
    • 983 to 1,034 square feet
    • Prices from $881,900 to $1,056,900
    • HOA dues from $708 to $745
  • Parking: NOT included with any home; one space is available for purchase for an additional $50,000 for homes priced above $671,900
  • Storage: No storage units are remaining
  • HOA dues: calculated at around $.70/sqft; include garbage, gas, earthquake insurance, concierge and building maintenance
  • Amenities: rooftop deck with BBQs and seating areas, party room with kitchen, wine storage lockers, gym, dog run, concierge

Continue reading "Gridiron Condominiums Update - Remaining Units & Our Thoughts" »


Koda is 95% Reserved & One88 70% Sold

20180224_110105After the reservation event for Koda Condominium Flats in the International District, 95% of the 203 units have first position reservations and deposits in place and an additional 80 have second and third position reservations as well.  There was a large turnout for the event (photo) and, as usual, the more affordable units sold first.

As for One88, Bosa's new construction building in Bellevue, they have announced that they sold over 100 out of 143 units (70%) in their private sales events. Opening this weekend on Saturday 3/10 to the public, there is not a whole lot of inventory left to choose from and none under $2M. One88 did not take reservations, they went straight to purchase contracts.

Based on this data, there is high demand for new construction condominium inventory in Seattle and Bellevue. Perhaps this type of response to these condominium building offerings will encourage more developers to build condo instead of apartment in the next cycle or for those developers who already have building permits in place and have not yet decided what type of product to build, rent or own, perhaps this information might lead them to build condominium product and help release the log jam of buyers looking to buy condominiums in our regions biggest cities.

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