Bosa Purchases More Land in Bellevue
Sonata Condominiums Now Encore Condomimiums Are Excepting Reservations Feb 23rd

The Emerald Condominiums Are Getting Ready to Start Sales

 



The Emerald Condominiums in Downtown Seattle now has a Sales Center and will be scheduling private appointments starting February 23rd where potential buyers will be able to enter into a Purchase and Sale contract on any of the available first release condominium homes. If you would like to schedule a private appointment at the Emerald before the building opens to the general public, let us know and we are happy to help get that booked for you!

After visiting their Sales Center this week here is some updated information on The Emerald-

Basics:

  • 265 units
  • 39 stories
  • Targeting LEED Silver

Starting Prices & Square Footage Ranges:

  • City Homes - floors 4 to 16
    • Studio: 569-595 sf starting from $499,000
    • 1 bed 1 bath: 579-791 sf starting from $695,000
    • 2 bed 1 bath: 983-1,083 sf starting from $749,000
  • Panoramic Homes - floors 17 to 33
    • 1 bed 1 bath: 770-951 sf starting from $1,029,000
    • 2 bed 2 bath: 1,041-1,189 sf starting from $1,499,000
  • Penthouses - floors 34 to 38
    • 2 bed: 1,139-1,601 sf pricing available upon request
    • 3 bed: 1,455-1,770 sf pricing available upon request

Amenities:

  • Amenities are on floors 3 and 39
  • 24 hour concierge and package room on lobby level
  • 39th (top) floor amenities-
    • 2 outdoor terraces with grills, TVs and fire pits
    • 2 party rooms - the Olympic room has 20ft ceilings facing west and the City View room
  • 3rd floor amenities-
    • Outdoor dog run and dog wash spa area
    • Gym
    • Guest suite ~ $125 to $150 a night
    • Terrace

Location and Lot:

  • Purchased air rights above the Broad Acre building to the south
  • Building to west is 12 stories high so if you purchase above floor 12, you will see over the building to the west
  • From the alley to the west, the current zoning height limit is 85 feet  and slopes down to the water so it is less likely that the views would be blocked
  • Building is set at an angle so that units on the southeast side are slanted to look between the Helios apartment building and 1521 Condominiums and then angled back so that the units on the southwest side have water views

Floorplates and Floorplans:

  • Lobby entrance on Stewart Street
  • 2 retail spaces on main level
  • Floors 4 to 16 are the City collection - 8 units per floor
    • 1 unit is a Studio
    • 5 units are one bedrooms
    • 2 units are two bedroom 1 baths
    • Only city homes have outdoor space (not all)
  • Floors 17 to 33 are the Panoramic collection - 8 units per floor
    • 6 are one bedrooms
    • 2 are two bedroom 2 baths
    • Many units have dens
  • Floors 34 to 38 are the Penthouse collection - 5 units per floor
    • 2 and 3 bedroom units

Parking:

  • Parking accessed via the alley off Stewart Street
  • 5 levels of underground parking
  • 64 parking spaces total
  • All 24 penthouses get parking and then only 2 bedroom units will have the option to buy 1 space for $100,000
  • Studio and 1 bedroom units have no option for parking
  • Car share in the garage will be Envoy  - they are planning to have 2 Teslas, an S and an X model (still confirming)

Standard Features and Options:

  • Central heat and air conditioning
  • White oak wide plank flooring in all units
  • Walnut cabinets by Kuhlmann in all units
  • Bosch appliances in City and Panoramic homes
  • Miele appliances in Penthouse homes
  • Panelized refrigerator and dishwasher
  • Gas cooktop
  • Quartz countertops in choice of grey with white veining or white grey veining for City and Panoramic homes; Penthouses have natural stone countertops
  • City and Panoramic collections have the same finishes and Penthouses have upgraded finishes
  • City homes have 9' ceilings, Panoramic homes have 9'4" ceilings and penthouse homes have 10'5" ceilings
  • Owners can download app to control lights and Latch keyless entry system
  • Optional upgrades: window treatments, glass shower enclosure and closet organizers

HOA Dues:

  • 88 cents per foot for HOA Dues

Other:

  • LID tax passed on to home owners
  • Storage units - not one to one and will be an additional cost
  • Only a few units have decks and all are in the City collection
  • Investor concentration limited to 40% on Developer sales

Sales:

  • First release will start Saturday Feb 23rd with a limited number of homes available for purchase by private appointment only - specific pricing will be released that day
  • Straight to Purchase and Sale Contract, no reservations
  • 5% earnest money deposit
  • Pre-approval with approved lender or proof of funds

Completion:

  • Summer 2020 completion

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

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