Montage Now Leasing

Someone posted in the comments recently that Montage, a 23 unit building on Capitol Hill, has gone rental. Walking by this morning I saw this sign confirming it (I would have gone in but they weren’t open yet):

392345277 7dB9C S Montage Now Leasing

Checking out their site also confirms they are leasing:

392359088 mSrJK S Montage Now Leasing

What were these units selling for?

#203 – 1 bd/1 ba – 742 sf – $367,950
#305 – 1 bd/1 ba – 727 sf – $324,950
#402 – 1 bd/1 ba – 716 sf – $409,950
#405 – 1 bd/1 ba – 727 sf – $339,950
#501 – 1 bd/1 ba – 945 sf – $547,950
#604 – 1 bd/1 ba – 871 sf – $489,950

Who is going rental next?

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.

  • Ace

    I walked past the 1111 East Pike condo development tonight. The sign was gone, and the front looked like it had been covered up with building paper. No noticeable progress has been made since the last time I looked months ago.

    The website (Coming Fall 2008) hasn’t been updated since June. Has this development failed as well?

  • Ace

    I walked past the 1111 East Pike condo development tonight. The sign was gone, and the front looked like it had been covered up with building paper. No noticeable progress has been made since the last time I looked months ago.

    The website (Coming Fall 2008) hasn’t been updated since June. Has this development failed as well?

  • Ross

    There sure is a lot of apartment inventory coming (back) onto the market. I guess rent will be the next thing to fall.

  • Ross

    There sure is a lot of apartment inventory coming (back) onto the market. I guess rent will be the next thing to fall.

  • just another dirty renter

    wow those prices are insane.

  • just another dirty renter

    wow those prices are insane.

  • marksparky

    These rental prices are about 15-18% over comparables in the neighborhood. with a fair amount of apt inventory available right now, it doesn’t look competitive.

  • marksparky

    These rental prices are about 15-18% over comparables in the neighborhood. with a fair amount of apt inventory available right now, it doesn’t look competitive.

  • jaye

    Those rents are going to have to come down. My husband and I have looked at several comparable 2/2 places in that area for a lot less than $2300/month. When decent houses in Greenlake, Ballard and Fremont can be had for $2000 apartment is going to be a really hard sell, no matter where it is.

  • jaye

    Those rents are going to have to come down. My husband and I have looked at several comparable 2/2 places in that area for a lot less than $2300/month. When decent houses in Greenlake, Ballard and Fremont can be had for $2000 apartment is going to be a really hard sell, no matter where it is.

  • nitsuj

    Hey Matt, hope you weren’t part of the Redfin layoffs. Question for the masses, are people actually paying rents like that in Seattle? Curious what people are really paying v. asking as I’m evaluating finally GTFO of the Bay area.

  • nitsuj

    Hey Matt, hope you weren’t part of the Redfin layoffs. Question for the masses, are people actually paying rents like that in Seattle? Curious what people are really paying v. asking as I’m evaluating finally GTFO of the Bay area.

  • Mark W

    nitsuj: The Montage 2/1.75 asking price is a couple hundred more than my comparable unit in a downtown Seattle highrise. The gap narrows if their parking is free.

  • Mark W

    nitsuj: The Montage 2/1.75 asking price is a couple hundred more than my comparable unit in a downtown Seattle highrise. The gap narrows if their parking is free.

  • http://twitter.com/mattgoyer mattgoyer

    Hi Nitsuj, Monday was a sad day, we saw many friends leave. However, I am still at Redfin and have no plans to leave.

  • http://blog.mattgoyer.com Matt

    Hi Nitsuj, Monday was a sad day, we saw many friends leave. However, I am still at Redfin and have no plans to leave.