Carbon 56 2Carbon 56 is a condo conversion in South Lake Union that had unfortunate timing when the project was released for sale the first time in mid-2007. Months into their sales launch the recession hit and the project couldn’t sell the remaining 20 units out of the 56 total in the building.

The developer decided to keep those remaining 20 units and lease them until the market turned around.  They are now ready to reintroduce those 20 units to the market. Since the units have been rented, they are doing renovations to freshen and update them for sale. The renovations to each unit include new flooring, repainting the entire interior, replacing the baseboard molding, installing new track lighting and adding glass subway tile backsplashes in the kitchens.

Currently, of the 20 units, 8 are available to see although 5 of those are still mid-renovation. The others still have tenants living in them.

Since opening to the public on Friday, they have already received 4 offers.

Also, they are working with Union Bank, who can do loans for as little as 5% down, and with no mortgage insurance. That is a nice bonus for anyone looking for a lower down payment option.


  • Sizes of remaining units are 660-1150 square feet
  • Pricing starts at $299,000 and goes up to $510,000
  • Built in 2004 converted in 2007
  • Open floorplans
  • Floor to ceiling windows
  • Finishes: maple cabinets, slab granite and glass subway tile
  • HOA Dues include water, sewer, garbage, heat and hot water

Living Kitchen

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