Insignia: First New Seattle Condo to Break Ground in 5 Years

Well, after years of no new Seattle condo developments, we now have a $200M investment breaking ground.  

As you may recall, Insignia was put on hold in 2008 due to the dampening market conditions at the time.  However, this month, work has started in the Denny Triangle for up to two 41-story residential towers.  The project would be blocks from Amazon's recently proposed new office towers.  The first phase of the project should be done in late 2014 and if they end up going with both towers, may ultimately produce over 650 units.

For more info, check out this great article in the Seattle Times.

By Wendy Leung with Seattle Condo Review: A guide to Seattle condos exclusively for buyers and sellers.