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November 12, 2017 - November 18, 2017

Encore Sales Release Event at Nexus - Condos from Mid $500s

Nexus3NEXUS has just announced that they are having an Encore Sales Event this weekend on Saturday November 18th from 11am to 5pm, which will debut 16 newly released city suites priced from the mid-$500's. If you were one of those folks who missed out on a studio or urban one bedroom at NEXUS, this is your opportunity.

Where did these newly released units come from? Well, after analyzing market demand, the project team has reconfigured the floor plates on floors 28 to 35, in the "third cube", so that where 8 larger one-bedroom plus den condos once were, there will now be 16 smaller city suites. Each of the 8 larger one-bedrooms will now be two independent units, one a 484 square foot studio and one a 503 square foot open one bedroom. The newly released homes will be priced from the mid-$500,000s to the mid-$600,000s, a price range that was previously sold out at NEXUS.

Some details to note about the Sales Event:

  • The sales will be first-come first-serve - doors open at 11am
  • Buyers will enter into a contract and provide a 5% earnest money deposit to secure the condo they want to purchase
  • They have decided to not allow any further investor purchases for the new release of these 16 units and will be requiring all buyers to sign the purchase and sale agreement indicating they are buying as a primary residence or as a second home

Click here to see a video from the sales team just explaining the new release.

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

Tower on Shilla Site is Now Called The 8 Tower

Rendering by Caron ArchitectureThe tower we wrote about back in May, that will be constructed on the small triangle lot between 8th Ave, Bell St and Denny Way where Shilla Restaurant once operated, will now be called The 8 Tower.

According to PSBJ, the tower will also now be taller and contain more units. It will rise to 42 stories and have 312 residential units. There will be open 1 bedroom, 1 bedroom and 2 bedroom units. Only 72 parking spaces will be provided. There will be retail/commercial space on the street level. Amenities for the building will be located on the 2nd floor and on the rooftop and will include a lounge, outdoor terrace and a dog run.

It is still undecided whether or not the building will be apartments or condos. This will apparently be determined by the investors that end up signing on with the project. Stay tuned.

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

Rendering by Caron Architecture