5th and Madison Photos

Before heading out on vacation I also stopped by 5th and Madison and I must say I was pretty impressed. Their sales center isn’t at ground level like so many other ones, in their case it’s on the 20-something floor of the building next door to their lot giving you excellent perspective on what your views will be. In my price range I’m looking at I really like ‘residence 5′:

8123103e9f81ec4f245bbe52c6ab6e9edec4cc66 5th and Madison Photos5thAndMadisonResidence5 Hosted on Zooomr

Starting at $425 for 800 square feet for a corner condo it seems to be a really nice deal. Though my concern is that there isn’t much of a neighborhood around 5th and Madison. I’m sure there are lots of people during the day and some people there at night, but I’m guessing that very few people actually live there and so the community after 5pm is probably pretty lacking.

Here are some photos I took while there:

c2ce4815d607f87138e7c3eecdee09d65553dbbb 5th and Madison Photos5th and Madison Kitchen Hosted on Zooomr
fe1f52f6d201628b95d7d252385c3d4c0f88d8a0 5th and Madison Photos5th and Madison Bathroom Hosted on Zooomr
527d076efaad59c0b1449d896d28f96d8c7f118e 5th and Madison Photos5th and Madison Shower Hosted on Zooomr
8c8b3e55ffde84fcb03e6e33a35c4021441672d1 5th and Madison Photos5th and Madison Finishes Hosted on Zooomr
6489752a4f277159f853a786ec12b8c858785eab 5th and Madison PhotosIMGP4472 Hosted on Zooomr

Some additional notes on 5th and Madison:

  • A few weeks ago they were at 31 units sold (of those they only think 4 were investors)
  • Aiming for a low number of investors (sub 15%)
  • Completion date is around August or September 2007
  • They have amenities like guest room, fitness room and a concierge
  • They’ll have a restaurant tenant (6500 sq ft)
  • Central heating, AC and water
  • LEED
  • Each unit comes with a parking spot and storage (9′ x 3′)
  • 10.5 foot ceilings
  • Upgrades: sound system wiriing, Viking appliances, wine cellar, full hardwood
  • Competition: Mosler Lofts and Lumen
  • Targeting: Second time buyers
  • Deadline for finishes is September 1st
  • They’ve made some revisions to their finish package, bathroom and kitchen since first launching

And here is their price sheet from about three weeks ago:

b55a333e7dc99950f0a8f713058d929a63310f70 5th and Madison Photos5thAndMadisonPriceSheet Hosted on Zooomr
About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • anon

    55 cents a sq ft for HOA’s? pricey

    olive8 has more amenities and i think it’s 52 cents

    nice tall ceilings however

  • anon

    55 cents a sq ft for HOA’s? pricey

    olive8 has more amenities and i think it’s 52 cents

    nice tall ceilings however

  • Sea~Condos

    I actually thought that this building has some “mid-level” finishes. Look at your own picture above, and look at the thickness of the countertops in both the kitchen, and the bathroom. I didn’t like the appliances or the cabinets. If you look at the model, the cabinets are average, no name brands. They aren’t even Italian. The fixtures in the bathroom are also entry level.

    I think Mosler or Lumen are better buys for 2007 completion projects. I also have issue with the green areas below. They will have open access, and the homeless park down the street will be sure to frequent this. Lastly, no street parking for guests, and a long walk to the restaurants.

    It seems like only selling 31 units in over 3 months is pretty slow. I believe they have been selling since May.

  • Sea~Condos

    I actually thought that this building has some “mid-level” finishes. Look at your own picture above, and look at the thickness of the countertops in both the kitchen, and the bathroom. I didn’t like the appliances or the cabinets. If you look at the model, the cabinets are average, no name brands. They aren’t even Italian. The fixtures in the bathroom are also entry level.

    I think Mosler or Lumen are better buys for 2007 completion projects. I also have issue with the green areas below. They will have open access, and the homeless park down the street will be sure to frequent this. Lastly, no street parking for guests, and a long walk to the restaurants.

    It seems like only selling 31 units in over 3 months is pretty slow. I believe they have been selling since May.

  • Steve

    Thanks Matt for the nice words about 5th and Madison condominiums. With ceilings 10 1/2 feet & walls of glass, a corner home priced under $500K should be considered.

    Someone questioned no restuarants nearby. Within three blocks; Tulio’s, Sazerac, Earth and Ocean, Purple Cafe, The Met, Georgian Room, Troiani, and McCormick’s operate. A 6,500 sq. ft. restuarant/bar will be at retail. What will not be in the immediate area is the all night carnival of Belltown, complete with the sirens and motorcyles. Join the party and after….. enjoy the quiet of home.

  • Steve

    Thanks Matt for the nice words about 5th and Madison condominiums. With ceilings 10 1/2 feet & walls of glass, a corner home priced under $500K should be considered.

    Someone questioned no restuarants nearby. Within three blocks; Tulio’s, Sazerac, Earth and Ocean, Purple Cafe, The Met, Georgian Room, Troiani, and McCormick’s operate. A 6,500 sq. ft. restuarant/bar will be at retail. What will not be in the immediate area is the all night carnival of Belltown, complete with the sirens and motorcyles. Join the party and after….. enjoy the quiet of home.