Pb Elemental, a design and development company focusing on contemporary residential/commercial design is currently in negotiations to acquire a piece of lot near Denny Way and Yale Ave.
If they are successful in the acquisition, the plan is to build a 440′ condo consisting of only 19 homes. Each home will occupy 2 floors with residents having direct access to their home. According to Pb, the square footage will range from 1,700 to 3,500.
If you think that Icon has a narrow foot print (approx. 11,000 square feet), Trophy building foot print is going to be approx. 2,000 square feet. Due to its small foot print, it will pose some structural challenge (Read more on SLOG). Seems like a woman in stilettos. On the other hand, the design is definitely striking and memorable.
The pricing for these homes will start at $2M!! This is close to Four Season starting prices two years ago. However, since their plan is to get the building permitted and wait for the market to warm up, work may not start for 2-3 years.
Put a radio or TV tower on it and it will look similar to the CN Tower in Toronto. A giant syringe. Oh, the jokes…
Unlikely they will have sufficient, if any, parking and storage space. In addition, with such a slender structure, it may sway a fair bit during an earthquake (ask the people who were in the Space Needle in Feb 2001 during the Nisqually quake).
I love the general consensus that this is a pretty quality building, even given its architecturally shaky merits (bottom floor layout, general mass in this neighborhood, etc.).
My problem, however, is that it doesn’t look to have the space for a well-appointed lobby or on-site concierge. I don’t want to pretend to be “of the lifestyle”, but isn’t that one of those things that can make or break a sale?
Not that this really matters, but they’re planning on installing those robotic parking systems which will make parking basically a non-issue.
I agree with the other comments, though. Great “idea”, but I can’t see it happening when there’s so much other buildable, more sensible, land.
Horrible location. Next to the interstate and the homeless alcoholic shelter that allows them to drink. I doubt $2m price point will work given better options. Automated parking garages cost a fortune to implement and maintain (HOA fees). Go ahead PB. Sink your company on this project.