Eric has a nice recap on the latest condo to apartment conversion (I still remember when it was always the other way around). Basically, the Schuster group (of Mosler Lofts fame), has decided to cancel it's original plans to build a condo tower and will instead build a 12-story apartment on the corner of Elliott and Cedar. Chalk up another one for the apartment bulls (or put it another way, condo sellers can breathe a bit easier that the glut isn't getting any worse). Find out more on Eric's original article.
Joseph Arnold Lofts on Elliott and Cedar
About the Author: Marco Kronen
Marco Kronen is the author of Seattle Condo Review and is real estate agent in Seattle who specializes in condos. He has been serving clients in Seattle since 2004.