I'm experimenting with a new feature where SCR readers can submit Seattle condo questions and I'll pick a couple and answer them. They could be questions about a particular condo, the market, the condo buying and selling process, working with a Realtor, etc.
Just post your question in the comments link here and I'll pick a few to answer of the coming weeks!
A lot of big projects were cancelled or put on hold. AVA, Insignia, Heron and Pagoda, 1 hotel, etc. Inventory is steadily dropping as the last units from Escala, Olive 8 and 1521 are selling out. With an increase in demand for Downtown and Belltown condos in the coming months possibly driving up prices, will this motivate developers to build more? Or do you think they will stick with apartments for now like Vulcan is doing?
I am interested regarding the feature of your SCR blog you mentioned, is it some kind of plugins or addons which notify when someone leaves a message in the blog?
What do you think about apartment projects and rent forecasts?
I am still really interested in Insignia on 5th and Blanchard. Any word on when it might break ground?
Also, any word on 5th and Madison by the old Methodist Church and also of the area across from Seattle City Hall?
Diana, it’s not a plugins or addons. It’s a Q&A as a blog post.
@Tim: The last time i heard (a year ago) about Insignia that they could possibly be looking at breaking ground this summer but nothing definite yet. As for the other two projects, I’m assuming that you’re are referring to the 40 story project that NBBJ is handling on 505 Madison St (Old Methodist Church). That is going to be a rise office which is put on hold a few years back. I believe there is no residential units for that building. As for the one cross from the city Hall (601 4th Ave), I will research on the latest status and post an update here next week.