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February 11, 2018 - February 17, 2018
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February 18, 2018 - February 24, 2018

Koda Condominiums Flats Will Be Taking Reservations This Saturday 2/24

RenderingKoda, the 17 story 97 unit condominium building planned for the International District, will be taking reservations this Saturday 2/24 at their Reservation Event in Belltown starting at 11am. A $5,000 deposit will secure a reservation. At the event, preliminary floorplans, specifications, amenities and price ranges will be shared with buyers however those offerings are only preliminary and will not be solidified until the summer of 2018 when reservations will convert to Purchase Contracts.

With plans to break ground this summer, the Koda project will be one of few new construction condo projects to hit Seattle since the recession and certainly the only new construction condo building to break ground in the International District in recent history. Though pricing isn't firmly set yet, they are estimating that the studios will start just under the low $400,000s and will go up to 2 bedrooms around $1.3M, not including parking. The units will be sized from around 435 square feet up to 1200square feet. The amenities are set to include a concierge, gym, yoga room, library, work lounge, conference room, 7th floor terrace, a party room with game tables, theater, kitchen and rooftop terrace.

Other features include mostly in-line kitchens, walls of windows, high ceilings, hardwood flooring, and high-gloss cabinetry. Buyers will be able to choose their color scheme and also opt in on other design upgrades such as natural stone counters, optional islands, window coverings, high-tech features (including audio/visual/security components) and customized closet systems.

The Developer of Koda, Da Li Development, has also mentioned that the company is also looking into purchasing apartment sites and developing them as condos instead. This is an interesting development that could mean more condominiums coming soon to Seattle.

We will be in attendance at the Reservation Event and look forward to learning more about this project and sharing that information with our readers and clients.

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


Florera - Green Lake Condominiums Coming Back to Market

FloreraSome of you might remember when Florera originally came to market back in 2008. It is a building  located at 413 NE 70th St in the heart of Green Lake. There are 59 condos built with sustainable materials ranging from 578 square foot studios to 1,215 square feet two bedrooms. The building is LEED certified and has amenities including a rooftop deck, courtyard and party room.

Unfortunately for Florera, it came to market right as the recession kicked in affecting real estate throughout Seattle and the country. The majority of the condominium units in Florera were rented out and remained that way until now. As renters vacate their condo units, those units are being offered for sale so this is a great opportunity to snag a condominium in desirable Green Lake. There are very few condo building in Green Lake and Florera's pricing is now starting in the low $400,000s so this will open up quite a few options for folks who love this location. They are also offering to sell units that are tenant occupied so if you are an investor you have the chance to purchase a condo unit that is already leased up, which is a nice bonus.

If you are thinking about purchasing at Florera let us know as we have been in close contact with the Seller's agent and have a lot of information that we are happy to share with you about the building, the purchase process and the current challenges with financing.

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