So, if you buy a Veer loft, you can pay near $300K to walk like a hunch back in your “loft,” to be part of a condo association run by first time home buyers, to have your cars vandalized on a weekly basis (ever talk to people that live in this area?), and to have your building remain a profit center for Vulcan (rent) for eternity.

On the bright side, you can pay $500K+ and you will be able to stand erect. Where do I sign up?

I wouldn’t worry much, pricing seems like it’s going to be so high it won’t matter anyway. I’m not going to bother with any of these projects.

Also, since Veer will likely exclude investors, I really don’t see 2200 residents buying units in the Veer to live. And, if they do, the first 5 only account for 5% of the available units. I think the 2200 residents will likely opt for Enso or The Martin. Rollin will likely put a cap on investors.

Andre – I’m not a fan of the sleeping loft design, but it’s not uncommon. There are a number of loft buildings in Seattle with low height sleeping lofts.

Vulcan is adamant about restricting investors in the Veer per my discussion with the sales team. But, that doesn’t mean investors can’t purchase. Rather, they’ll try to discourage investors by invoking costly remedies if they flip. A number of developers have similar clauses in their contracts.

As a potential first time homebuyer of one of their “high demand” units, it doesn’t exactly put a smile on my face to see first hand how the rich continue to get richer.

$600 for an 880 sf loft with banana (literally) counter tops in a wood stick building located in an undeveloped area of parking lots? I think Vulcan lost it (and its potential buyers).

When we talked to the SLU people they told us about an entry level project that allowed regular people to move in in order to build a diverse community in a developing neighborhood. For the Veer lofts they told us they only want to sell the units to people that intend to live in them rather than turning them around for a profit. We believed them. Turns out once the greed came through that all went out the window.

I also think the flex lofts are not well designed. With a 12′ ceiling you only have 7′ left in areas where the upper level using up 5′. For me it just a marketing gimmick to put more sf on the flyer.

Anyway, we’re still hoping Vulcan is turning around and realizing that this is not doing any good to their SLU vision.

Great blog btw!

It is a bit discouraging that Veer is probably the most “affordable” project of those currently planned.

On price: Yikes. If that’s how they’re pricing Veer then ‘an average unit’ at Rollin’s is likely to be much higher than the low $400’s starting point.

I’ve been a little baffled about the success of conversions like Asia/Onyx/Plaza Del Sol and it’s gotta be this affordability issue for first time buyers. $350-$450+ to get into a ~725 sf unit in downtown is not cheap.

Also, I overheard one of the staff talking to a realtor (I actually attended the morning session with my agent, but they didn’t hand out floor plans for this one so I’m glad you posted!) and she said something to the effect that they were only going to have a few options at the “mid 200’s” level, and that from there the next level up would mostly be in the mid 300’s. They told me that the price ranges for the flats would top out in the 400’s, with the largest unit they had being the 755sqft floor plan they released. I’m interested to see how all the other floor plans price out.

After attending the event, based on the trim packages, floor plans and estimated pricing, I came away feeling like the project wasn’t as affordable and friendly to first time homebuyers as I had thought. I guess nowadays anything less than luxury units in the downtown area is considered “affordable”…