Gallery Residents Moving In

The Gallery folks let everyone know that people are moving in to the first five floors and that:

The remaining retail space has been sold to a small grocer and will be called The Belltown Café-Market. The market will provide deli items, including ready-to-eat meals, groceries, wine and assorted last-minute items.

Anyone here move in yet?

Bonus link: Thornton Place sent over some photos from their recent event (250 people attended.) It’s that mega-plex up by Northgate.

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.

  • Foster

    I recently learned that in the current credit crunch, select buyers at Brix and Gallery have been unable to secure financing for their units. While some have simply forfeited their earnest money, others have been able to get 50% back or in some cases all of their earnest money back.

    While it is rare that I compliment a developer, I will take this moment to say that I applaud Schnitzer Northwest for working with people who have been unable to get financing for their homes. It is the ethically correct thing to do.

    I do wonder, though, what is happening to homebuyers who have the same issue at other projects in the city.

  • Foster

    I recently learned that in the current credit crunch, select buyers at Brix and Gallery have been unable to secure financing for their units. While some have simply forfeited their earnest money, others have been able to get 50% back or in some cases all of their earnest money back.

    While it is rare that I compliment a developer, I will take this moment to say that I applaud Schnitzer Northwest for working with people who have been unable to get financing for their homes. It is the ethically correct thing to do.

    I do wonder, though, what is happening to homebuyers who have the same issue at other projects in the city.

  • rollin st.

    We are wondering the same thing. Please share your experiences in obtaining financing in this volatile credit crunch.

  • rollin st.

    We are wondering the same thing. Please share your experiences in obtaining financing in this volatile credit crunch.

  • Pat

    Foster,

    Where did you hear that buyers are getting out while retaining earnest money? I have heard the exact opposite for the buyers who are getting hosed at Gallery. No one can even get loans unless the building is 50% sold, which Galley has not yet currently done. They are still at 48% sold.

  • Pat

    Foster,

    Where did you hear that buyers are getting out while retaining earnest money? I have heard the exact opposite for the buyers who are getting hosed at Gallery. No one can even get loans unless the building is 50% sold, which Galley has not yet currently done. They are still at 48% sold.

  • IDEA

    I have read about several people that UNsuccessfuly tried to get earnest money back at olive8. I think this topic deserves its own post, and would be very helpful for the hundreds of presale buyers that are anxious right now.

  • IDEA

    I have read about several people that UNsuccessfuly tried to get earnest money back at olive8. I think this topic deserves its own post, and would be very helpful for the hundreds of presale buyers that are anxious right now.