Well, it has only been a week since I was gone for my vacation but it seems like a number of condo projects have some news for us.
- Fifteen Twenty-One kicked off their grand opening event with a light show and tour of their model home. There are 11 homes remaining with the lowest price starting at $975,000.
- Alex in Belltown announced that they are moving ahead in full speed as a condomium project. They will be selling their homes sometime in May. Completion for this condo building is going to be in late spring.
- Market Street Landing, the condo project replacing the Denny's in Ballard is still under going design review. The 5 and 8 story buildings will house 330 homes. The design review board thinks that the design still needs a little bit of work. Read more here.
- Equinox has updated their website. The construction progress is on track with windows installed and sheet rock started in the North Building. A model unit will be available for viewing in late March. Homeowners can be expected to move in in June.
- Trace North is featuring 5 homes under $300k.
- Ruby will be holding their grand opening on February 7th and 8th (Saturday & Sunday). Prices for their lake view homes start at $329,990 and bridge view homes start from $259,990. The project is also FHA approved. Read more on the hard hat tour.
Fifteen Twenty-One Opening Ceremony
Trace North Update
Ruby Condos Update
Nice to see all the activity in the market. I feel cautiously optimistic.
If I may, I’d like to add an update on Alki’s Lighthouse Point condominium. We just reduced prices and now Lighthouse Point has homes available as low as $170K with monthly dues at $143. The highest price in the building is only $299K. This building is located next door to Alki’s lighthouse and you can see the lighthouse, the Olympics and the Sound from almost every unit. The finishes are nice, too.
Some units have been on the market for quite some time (i.e., mid-late 2008). With this economy (thousands of people getting laid off) sellers can’t continue to be delusional. I’d say wait until 2010.