I've been working OT on a few deals so have a lot of catching up to do for the blog. Here is some of the latest Seattle condo market news:
First off, The Schuster Group's proposed project on the corner of Elliott and Cedar St (previously named as Bellora 2 at UrbanCondominiums.com in 2007) is heading for Downtown Design Review Board on June 23rd. The proposed project will housed 120 condos and may go as high as 14 stories. The last time I spoke to the developer's office, they were waiting for the market to recover. Construction may not start for a year or two. So, it will be a few years before we see this project. Read more here.
Seattle Times reported that the Stewart and Minor Tower site is up for sale! The lot was originally proposed as a hotel condo with 132 hotel rooms and 180 condos but is now listed for $3,995,000 and marketed for sale as a parking lot, apartment or hotel. UrbanAshley also reported this recently.