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More info on Trace Lofts

January 23rd, 2007 · Comments · By Matt

Here’s some more information I’ve gathered on Trace Lofts:

  • Final pricing not until April
  • Only one finish option, no chance to see a finish board before reservations
  • HOA’s not set but will be ‘industry standard’
  • Common amenity is a roof top deck and ‘the neighborhood’
  • There will be no sales office
  • Close will be June/July
  • 1 parking space per unit, underground
  • All units come with a storage space. Size and finish level is unclear.
  • Appliances are GE Stainless
  • Hard hat tours will not be available until April
  • Washer and dryer are not included
  • No shower option

The most disconcerting detail to me is the lack of precise pricing information, especially given how far along they are in the construction process and how close they are to closing. As a customer I feel like they are delaying on setting prices so that they can gauge the market demand through the reservation process and take advantage of the summer seasonal upswing to ensure that they maximize the asking prices on the units. Of course, if I were a developer I’m sure I’d do this too.

Few more details about Trace North:

  • 100 units. Studios, one and two bedrooms
  • One finish package
  • Close in January ‘08
  • Sales center opening April ‘07

Popularity: 2% [?]

Tags: Trace Lofts · Trace North

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  • aly
    hey those are some great listings. how come my agent can't find this kinda stuff for me :)
  • jack attaque
    "Bout to make some dead presidents macking a million G / The money though, it's got people actin funny yo" - Gang Starr

    So... after prequalifying you spend all morning on the phone trying to score an early reservation meeting. If there are any decent floor plans left, you hand over a check to reserve a new home you can't really picture. You're not welcome to make any decisions about the colors, materials, etc. Want to kick in a little extra for a decent slab countertop? Tough noogies; you'll be making dinner on "inca basalt tile." You get what you get. Think of how cool your neighborhood is while you scrub cookie dough out of the grout in your kitchen workspace.

    You aren't really sure how much the home will cost, and it will range $75,000, $150,000, or $200,000 more or less than you expect. But probably more. Lord knows those Trace booze glasses we got at the event aren't free.

    For a half million dollars I would have expected a washer and dryer in a brand new home. Instead, residents are invited to wash their clothes in a community rain bucket on the rooftop amenity deck. You can dry your clothes on your balcony, if you have one, and if it's cool with the industry-standard HOA.

    The retro-Soviet thing is so hot right now. Compare this with the wicked online auction system at the Madison Lofts and you have a solid plot for a Seinfeld episode.

    Check out MLS#: 27011047, MLS #26189812 or MLS #27010295 for a reality check. The firecrib is hot. We don't need no water.
  • Aly
    I just received a reminder from Trace for early registration. So I let them know that I was dissapointed with their party. (Although I loved La Spiga's new place. The building is amazing!) No showrooms no material boards etc..
    So apearantly if you are willing to put down the huge amount of reservation payment now, you get to visit the lofts and see the views in April. and if at that time you change your mind, then you get your money back with interest.
    Personally I'm so tired of all these marketting strategies.. Parties, presentation centers... Correct me if I'm wrong but doesn't all get added to the final cost of the condo I'm buying?

    I was at the south lake union discovery center last week. and I really appreciate that the center is a sustainable building. Miller Hull did a good job with that. but all the projects presented at the center was designed by firms like Callison which we all know are only in the game for the money.. It's just interesting that Vulcan would spend money to get a super sustainable presentation center, but not put the same effort for the actual houses they're selling. I think only the enso is leed certified, and only at Silver level...

    A friend showed me pictures of their beatufil 1400 SF condo at a highrise at the hearth of Singopore. every level has only two units. so that means they've got windows at all three sides, and the elevator opens directly into their place.. They paid something like 750K and locked their mortgage rate at 1%. It's super modern. And I don't need to say how much more money/work it is to design and build a highrise than a timber 6 story building (like the ones we see on the market here)I just don't understand why we pay so much here?

    I just feel like it's a lot of marketting and make-up... and a buncha people actually buy into it..
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