Sales for Tobira Condominiums are slated to being in January 2007. The most recent condominium conversion project by the Wysong group is located on Fifth Avenue between Yesler Way and South Washington Street, conveniently located near Pioneer Square, the International District and Downtown. Empress Apartment building (the soon-to-be Tobira), a five-year-old, BUILT SMART (environmentally friendly) construction, was sold in a deal brokered by Jon Hallgrimson of CB Richard Ellis for $14.25 million.
The Wysong Group. a Puget Sound based company, has participated in 12 Seattle-area projects since 1997. These projects include; Press Condominiums in Capital hill, Cooper Square in Greenwood, Windsor Court in Lower Queen Anne and Mira in Kirkland.
Tobira Condominiums will be an 88 unit building composed primarily of one and two bedrooms homes, ranging in size from 490 sf to 1,080 sf. Prices have yet to be set but it is projected that homes will start from $180K which is roughly $367 per sf for a 490 sf unit. The units will initially be offered to existing tenants at a preferential rate before being opened to the public.
Read latest update on Tobira.