According to a recent article in the PSBJ, it looks like our city’s 6th new construction condo project since the recession will be breaking ground soon. Gridiron Condos will be built by developer Daniels Real Estate on a site adjacent to CenturyLink Field on 1st Ave. This is the same site that has been in the works for a few years and was previously going to be called Stadium Lofts. It will be 107 new units built atop the current brick building and will have restaurant and bar space on the main and mezzanine levels.
Gridiron will be the 6th post-recession condo project to break ground here in our city, assuming they move forward with the plans to start site work in about two weeks.
With the velocity of pre-sales in the some of Seattle’s recent condo projects that have started pre-sales, including Insignia (Downtown), Vik and Solo Lofts (Ballard), and most recently Luma (First Hill), I would expect the demand to also be high for condos in Pioneer Square. There have not been new condo options for buyers to choose from in Pioneer Square in over 8 years. The last two being condo conversions at The Nord and Jackson Square, both located just a few city blocks to the north of the Gridiron site.
I do not yet know the specifics on unit pricing or floor plans, but will reach out to the developer and see what information is available and will report as I learn more.
By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.