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The Alex in Belltown Confirmed Going Condo

By November 19, 2008

Alex

Looks like the developers of the Alex in Belltown don’t share the opinions of some of the folks in the Equinox thread.

From their marketing team:

Great news all! Our Alex project will be going condominium!! In looking at the long-term condominium absorption for the downtown area, our builder, his bank, and the appraisers are all in agreement that this project will make for a successful condominium.

At present, the interior framing is well under way on the lower levels, the brick exterior is starting to take shape, and our estimated completion date is approximately March 1st, 2009. We are considering commencing the selling of the condominiums in early to mid January, which is just around the corner. We have drawn up some preliminary pricing based on the past quarter’s condo market performance, and we will continue to make pricing adjustments as needed to mirror the market goings-on. Thus, the final prices are not yet available. Thank you for your patience on this front. Now that we know our direction, the Alex marketing materials are being produced and we will soon have something tangible for you to look at.

Here’s a photo from November 1st of the construction:

The Alex in Belltown Construction Progress

Bonus link: Condo Market Deterioration Shows Signs of Slowing, Says NAR.