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More info on Trace Lofts

By Matt Goyer January 23, 2007

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

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

Get in touch to:

Understand the market
Find your perfect home
Sell your home

Contact:
[email protected]
206-203-6242

11 responses to “More info on Trace Lofts”

Aly says:

January 25, 2007 at 5:29 am

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..
Aly says:

January 25, 2007 at 5:29 am

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..
Aly says:

January 25, 2007 at 12:29 am

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..
Urban Living - A Seattle condo new construction real estate blog » The industry doesn’t listen says:

January 25, 2007 at 12:58 am

[…] I’m sure the few developers and marketing folks who stumble upon this site dismiss me as a nerdy guy with no life and likely suspect that no one reads or visits this blog. This of course could not be further from the truth. This site has many hundreds of visitors a day and receives thousands of page views every day from these visitors. These visitors are customers just like me. I encourage everyone ‘in the business’ to read this recent comment from a visitor to the site. It closely echoes my own feelings: 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? […]
jack attaque says:

January 26, 2007 at 4:20 am

“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.
jack attaque says:

January 26, 2007 at 4:20 am

“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.
jack attaque says:

January 25, 2007 at 11:20 pm

“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.
Urban Living - A Seattle condo new construction real estate blog » More consumer thoughts on Trace and the industry says:

January 26, 2007 at 3:57 am

[…] Another comment on Trace worth bubbling up to the front page of the blog: “Bout to make some dead presidents macking a million G / The money though, it’s got people actin funny yo” – Gang Starr […]
aly says:

January 26, 2007 at 4:02 pm

hey those are some great listings. how come my agent can’t find this kinda stuff for me :)
aly says:

January 26, 2007 at 4:02 pm

hey those are some great listings. how come my agent can’t find this kinda stuff for me :)
aly says:

January 26, 2007 at 11:02 am

hey those are some great listings. how come my agent can’t find this kinda stuff for me :)

More info on Trace Lofts

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