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5th and Madison project sold

By July 20, 2007

5th and Madison

Commercial Property News reports, Kennedy Wilson Buys Seattle Properties for $300M (thanks UrbanAsh).

The adjacent 126-unit condo building is known as Fifth and Madison. Currently under construction, the project has pre-sold 84 of its residences (or two-thirds) at prices averaging $660,000 for 1,045-square-foot units. The project is slated for completion this fall.

Is it strange for a condo project to change hands part way through? Also interesting to note that 5th and Madison raised prices on a several units this week. One as much as $40,0000.