Odds and ends: Wysong conversions, water at Mosler, 120 Pike St blocking views

As the dead hard readers noticed a missed a number of days blogging recently. It likely had something to do with work.

Speaking of which, I recently added a module that shows the latest Seattle condos over on the right. Interesting? Not interesting? What improvements would you make? (I’d like to see the thumbnail but that would definitely raise the ire of the NWMLS.)

So while I was gone what did I miss…

Over at Rain City Guide Craig Blackmon wrote about Having second thoughts about that High-End Condo presale and offers some suggestions:

Since every POS changes between the initial, presale version and the final version, a buyer can usually use these changes to negotiate at least a partial return of the earnest money.

What success have Urbnlivn readers had in backing out of contracts? I know one Urbnlivn reader who was determined to get out of his and I believe was unsuccessful.

The Seattle Specialist had a few interesting post. One wonders about water problems at newly constructed Mosler Lofts. Another talks about a broker only event at SLU. Apparently they have a brokers only website. Hmmmm.

They also have a report on the Environmential Impact Meeting for 120 Pike Street:

If you are familiar with the 1521 project in mid-construction next door, you’re probably quite aware of this proposed project. If approved, all of the lower south-facing units in the 1521 will have their views almost completely blocked by a concrete wall just a few feet outside their windows. Most of the comments at the meeting were from future property owners of the 1521

Back here at Urbnlivn there was heated dicsussion about the market. EconE versus a real estate agent. Always good times to watch.

There was also a revival of this post about Decatur, with more anti-Wysong conversion comments. Apparently Kristin had to rescind because of what she found during her inspection:

I rescinded my offer. It was a very painful decision to make. I’m heartbroken; I absolutely loved that place and was thrilled to be able to buy it during a multiple offer situation. But there were too many unknowns.

I privately hear a lot of bad things about Seattle conversions of apartments to condos. I’ve been very hesitant about blogging about them for fear of being attacked by a developer for libel. But let’s just say that I have heard negative things about most of the major conversion groups and buildings on the markets. I would never buy a conversion.

The agent bloggers have all blogged about delays and changes at 1:

The Seattle Times has also written about the delay, Downtown Seattle hotel-condo project put on hold:

Construction of the luxury 1 Hotel & Residences is on hold until at least late summer while the $200 million downtown Seattle project undergoes a redesign to become more appealing to lenders, its developer says.

I guess it is naive to think that developers build condos for people to occupy.

Interestingly enough even though I was invited to a private launch party for 1 and have received a number of press releases and other announcements. Not surprisingly, I have not received anything from their PR firm about the latest changes.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts, floating homes and mid-century moderns.

For years Matt resisted becoming a real estate agent preferring to be an executive in the startup world but he recently caved in the spring of 2014 and became an agent.

You can also find Matt on Twitter or skiing.

  • Peckham

    “Ive been very hesitant about blogging about them for fear of being attacked by a developer for libel.”

    Matt,

    The primary defenses to a defamation claim are that the statements are true, or are not statements of fact. IOW, opinion.

    So, you can report facts, or express opinions with no “provably false factual connotation.” Sure, some dirt bag with too much time on their hands might sue you, but that’s the beauty of living in America.

    The material in this post is NOT legal advice. Readers of this post should contact an attorney in their jurisdiction for legal advice applicable to their particular situation.

  • Peckham

    “I’ve been very hesitant about blogging about them for fear of being attacked by a developer for libel.”

    Matt,

    The primary defenses to a defamation claim are that the statements are true, or are not statements of fact. IOW, opinion.

    So, you can report facts, or express opinions with no “provably false factual connotation.” Sure, some dirt bag with too much time on their hands might sue you, but that’s the beauty of living in America.

    The material in this post is NOT legal advice. Readers of this post should contact an attorney in their jurisdiction for legal advice applicable to their particular situation.

  • http://twitter.com/mattgoyer mattgoyer

    The other issue is that most reports are from people working for the developer who tell me about things but ask me not to publish what they tell me, even anonymously.

  • http://blog.mattgoyer.com Matt

    The other issue is that most reports are from people working for the developer who tell me about things but ask me not to publish what they tell me, even anonymously.

  • just another dirty renter

    I ::heart:: EconE

  • just another dirty renter

    I ::heart:: EconE

  • The MD

    I know I have heard a lot about this project from incredibly reliable sources. I think the frustration for the public now lies the fact this has been a project “in the works” for several years now. Someone needs to just get it done. Unfortunately, and in my opinion, there is/was no clear vision with this project from the beginning. Dealing with a developer’s vision, a Hotelier’s vision, the designer’s vision, the contingencies for financing, etc, it was bound to happen. I’ve been told information about several recent changes being made to the building that have not yet been announced to the public from facade, to materials used, to timeframe for completion of construction, to financing contingencies, etc. Dang, I think we should all talk about it!

  • The MD

    I know I have heard a lot about this project from incredibly reliable sources. I think the frustration for the public now lies the fact this has been a project “in the works” for several years now. Someone needs to just get it done. Unfortunately, and in my opinion, there is/was no clear vision with this project from the beginning. Dealing with a developer’s vision, a Hotelier’s vision, the designer’s vision, the contingencies for financing, etc, it was bound to happen. I’ve been told information about several recent changes being made to the building that have not yet been announced to the public from facade, to materials used, to timeframe for completion of construction, to financing contingencies, etc. Dang, I think we should all talk about it!

  • Dan C.

    Another 1 bites the dust.

  • Dan C.

    Another 1 bites the dust.

  • jo

    Who are your incredibly reliable sournces and what are these recent changes?

    Let me guess…you can’t tell?

  • jo

    Who are your incredibly reliable sournces and what are these recent changes?

    Let me guess…you can’t tell?

  • http://www.2200life.blogspot.com EconE

    dont be such a jealous bitter owner Jo.

  • http://www.2200life.blogspot.com EconE

    dont be such a jealous bitter owner Jo.

  • The MD

    Jo, no, I cannot tell. And, why would I tell you? I do not know you anymore than you know me. Additionally, it would potentially prohibit me gaining any knowledge of these projects in the future. What I can do, however, is discuss with you the changes coming down the pike for this development. You’ll know in due time if the information I am receiving is correct or not. Fair?

  • The MD

    Jo, no, I cannot tell. And, why would I tell you? I do not know you anymore than you know me. Additionally, it would potentially prohibit me gaining any knowledge of these projects in the future. What I can do, however, is discuss with you the changes coming down the pike for this development. You’ll know in due time if the information I am receiving is correct or not. Fair?

  • The MD

    Jo, you should seriously consider getting that blood pressure of yours in check. You seem like an angry person by the tone in most of your postings. Not gettin’ any at home?

  • The MD

    Jo, you should seriously consider getting that blood pressure of yours in check. You seem like an angry person by the tone in most of your postings. Not gettin’ any at home?

  • Kristin

    Matt,

    I understand your concern with libel. I was a professional newspaper reporter for years and am now in PR in a government agency, where I work very closely with attorneys. I’m always careful to only cite facts, sources and preferably publicly available documents.

    And frankly, with that post regarding Cooper Square, my primary concern was to not damage the seller. I’ve read enough bad stuff about Wysong that if anyone argues with my opinion, I can toss them a bunch of documents.

  • Kristin

    Matt,

    I understand your concern with libel. I was a professional newspaper reporter for years and am now in PR in a government agency, where I work very closely with attorneys. I’m always careful to only cite facts, sources and preferably publicly available documents.

    And frankly, with that post regarding Cooper Square, my primary concern was to not damage the seller. I’ve read enough bad stuff about Wysong that if anyone argues with my opinion, I can toss them a bunch of documents.

  • Kristin

    Oh, my point … I would very much like to see more information about problems with conversions, as well as new contruction so I can be an informed buyer.

    Most of the units you mention on your blog are out of price range, which is why I plan to buy “used.” My preference, of course, would be for a condo that was never an apartment. But in any case, it would be nice to find a blog or Web site that focuses on older units.

  • Kristin

    Oh, my point … I would very much like to see more information about problems with conversions, as well as new contruction so I can be an informed buyer.

    Most of the units you mention on your blog are out of price range, which is why I plan to buy “used.” My preference, of course, would be for a condo that was never an apartment. But in any case, it would be nice to find a blog or Web site that focuses on older units.

  • Wysong Conversions

    Wysong properties are crap.

  • Wysong Conversions

    Wysong properties are crap.

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