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October 18, 2015 - October 24, 2015

Gridiron Condos Starting Reservations for Presales this Week!

Gridiron Photobooth2We attended the Gridiron Condos opening party last night and were able to see their new sales center, the scale model of the new building and hear some updates on the project from the Daniels development team as well as the Sales Manager.

Here is what we learned:

  • Studio, urban (open) 1 bedrooms, 1 and 2 bedrooms, loft units
  • Studios: 12 studios from 430-500sf
  • Urban 1 bedrooms: 39 urban 1 bds (which are open 1 bds) from 471-779sf
  • 1 bedrooms: 38 1 bds from 547-829sf
  • 2 bedrooms: 16 2 bds from 877-1373sf
  • Lofts: 2 full height loft units on the 3rd/4th floor from 1302-1645sf (the only units in the historic Seattle Plumbing Building) - these will be cool!
  • Amenities: rooftop deck, roof-top level party room, gym, bike storage
  • 107 units
  • 11 stories
  • 88 parking stalls - this means some units will not have the option to purchase a stall
  • Two color palettes available (pre-selected) and no unit customization will be offered
  • Estimated completion: Mid-2017
  • 1st and 2nd floor will be retail
  • 3rd and 4th floors are mainly parking though there will be two 2-story loft units on these floors as well
  • 5th and 6th floor units will have balconies or decks
  • Sound proofing was a high priority - they have the highest level of residential soundproofing available according to the sales team
  • Finishes/Features: hard surface flooring throughout, 10ft ceilings in most units with the 2 story lofts being 16’ ceilings, quartz counters, gas cooking, in-unit washer/dryer
  • Sales: the building will be offered in phases with the first phase hitting the market before the weekend and this is when prices will be released; the units will go into reservation first, then convert to purchase and sale agreements once the developer has the purchase agreements finalized

Continue reading "Gridiron Condos Starting Reservations for Presales this Week!" »

Rumors of a Condo Building Coming to Aurora Ave in Green Lake

Zion ChurchAccording to King 5 News, the 100 year old Zion Lutheran Church on Aurora Ave N and 71st in Green Lake has been purchased to make way for a condominium building.

The church, after suffering declining attendance numbers at their services and the building falling into disrepair, decided to merge with a larger church in Lake City and sell the Church on Aurora to a Chinese Development Firm. The rumors are that the new owners will demolish the building to construct a condominium building.

After doing some digging, we could not locate any additional information on the intentions of the Developer but we must remember that often people incorrectly assume that when a developer is constructing a multi family residential building that it is condominiums, but more often than not, they are building apartments that will be rental units. We will just have to monitor the Land Use bulletins to see what will actually be built here.

From our perspective, it would nice to have additional condo options in North Seattle for folks looking to live in that area but who can't afford a single family home or even townhome. However, having an address right on Aurora might make the sales a little more challenging. There are many condominium buildings on Aurora but they do tend to have longer market times due to the perceived stigma of living on the highway.

We will keep you posted as we hear more, and if anyone knows any additional info about whether or not this project will indeed be a condominium building  vs a rental apartment building, please feel free to post and let us know.

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