After attending the Insignia Seattle Broker Preview today we learned quite a bit about the upcoming project. Here are some of the highlights~
South Tower Pricing
1 Bedroom (floors 2-8)
1 bedroom and 1 bedroom + den, 1-2 bathrooms
737-1,181 square feet
Priced from low $400,000
1 Bedroom (floors 9-27)
1 bedroom and 1 bedroom + den, 1-2 bathrooms
773-792 square feet
Priced from high $400,000
2 Bedrooms (floors 2-8)
2 bedrooms, 2 bathrooms
1,009-1,596 square feet
Priced from low $600,000
2 Bedrooms (floors 9-27)
2 bedrooms, 2 bathrooms
1,003-1,523 square feet
Priced from low $700,000
2 Bedrooms (floors 28-40)
2 bedrooms and 2 bathrooms + den, 2 to 2.5 bathrooms
1,003-2,311 square feet
Priced from high $800,000
Interior Features
- Quartz kitchen countertops
- Bosch stainless steel cooktops, oven and microwave
- Bosch cabinet-front dishwasher
- Thermador cabinet-front refrigerator
- Sleek European-inspired cabinetry
- Designer Grohe faucets and fixtures
- Engineered hardwood floors
- Rich carpeting in bedrooms
- Marble or quartz bathroom countertops
- Whirlpool washer and dryer
- Walk-in closets in most residences
- Solid core interior doors
- Individually controlled heating and air conditioning
- Private balconies or roof decks in most residences
- Onsite storage for each residence
- One parking space comes with each residence, select residences come with 2 spaces
- Targeted LEED Silver sustainable design
Amenities
- 41st floor sky retreat and resident lounge
- 7th floor open-air park terrace with outdoor grilling area
- Outdoor fireplace gathering area
- Fitness atrium with yoga and pilates studio
- Lobby with concierge – due to the size of the complex each tower will have their own concierge
- Outdoor pet retreat
- Pet wash and grooming area
- Electric car charging stations
- Car wash bay
- Bike storage with work area
- Steamroom and sauna (proposed future addition in North Tower)
- Indoor lap pool and spa (proposed future addition in North Tower)
Interesting Tid Bits
- Taking reservations for units now to convert to Purchase and Sales in a few weeks
- Requiring 5% earnest money now with another 5% in 1 year with no contingencies for buyers in the Purchase and Sale Contracts (making the full 10% non-refundable) – it remains to be seen how buyer's will take this as it is not customary here in the Seattle area to require so much non-refundable money
- Allowing very few customization options
- Finishes looked luxe in the model home – the cabinet front refrigerator and dishwasher were a nice touch
- Shorter ceiling heights than we are used to seeing in Downtown condos – only 8'8"
- Broad views to the west of the Sound and city
- Nice amenities package for the building residents
- According to the Sales Team, they have already taken several reservations
- Grand Opening for the Sales Center will be Saturday 9/21
I also posted this over at urbnlivn.com. This is false advertisement and I hope someone will report on this so that our Seattle community is better informed about this project.
I thought this was great development and was really excited about the high quality and luxury condo. So we put in a reservation for a 1br unit plus friend put in a 2br unit.
Today we received the paperwork and upon closer inspection, the square footage on the contract that will be recorded is LOWER than the advertised/marketed square footage. It was 6.5% lower for 1br and 9.2% lower for 2br. The 2br was marketed as 1036SF and the contract says 941SF. That is outrageous and very disappointing. I would say that is a very nasty bait and switch and false advertisement if the developer is aware of this difference.
I did a little google and found a litigation on Bosa Development. I even called the law firm and what they said is very similar what is happening here. I think people should be aware of this and carefully review the contract before signing. It is still a great project but the false advertisement is significant and unethical.
http://www.bholaw.com/cases.ht…
Bosa Development Corporation
Bosa Development has built 9 residential condominium towers in California, 7 of the buildings are in downtown San Diego. In August 2009, lawyers from the Firm filed a class action lawsuit alleging that Bosa (and its sales agent RE/MAX) sold the condominiums with a square footage “bait-and-switch.” When selling its condominiums Bosa promised a specified square footage but actually built and sold units that were up to 28% smaller.
The square footage promised by Bosa was inflated because Bosa’s measurements included space that the buyer does not own and cannot occupy. The lawsuit alleges that Bosa used the inflated square footages to increase sales and sales prices.
The Bosa condominiums covered by the lawsuit are: Bayside, Electra, Legend, Discovery, Park Place, Horizons, The Grande, Marquee, and Radiance.
For more information on this case, please see the complaint and motion for class certification.
On July 7, 2011, the San Diego Superior Court certified a class of “all persons
who purchased from Bosa residential
units developed by Bosa in California.”
The class includes purchasers in the
Bayside, Electra, Legend, Discovery,
Park Place, Horizons, The Grande,
Marquee and Radiance. The lawsuit
alleges Bosa and RE/MAX Real Estate
Development misrepresented the
square footage of the condominium
units in a “bait and switch” scheme,
resulting in units that are 7% to
28% smaller than advertised.
Thank You for the info. Very helpful!