Capitol Hill Seattle has an update on Cal Anderson development known as Twenty Five on the Park.
The 25 On the Park development on the edge of Cal Anderson Park is getting a new lease on life from Howland Homes, a Shoreline-based real estate company.
The Dwelling Company, which started the project, signed the rights of the homes over to Everett-based City Bank after the lender foreclosed on the property this summer. City Bank then entrusted Howland Homes to fill them.
The units are now for sale with no leasing or renting options, and Howland Homes realtor Meagan Howland believes they are a great investment for a number of reasons.
This prompted us to get our hands on the pricing and availability [pdf].
Prices have been radically adjusted downward from when the first development company tried to market the project. Now west/park facing units are starting at $355k (previously around $550k).
Expect the units to hit the MLS in two weeks but if you’re interested ahead of time contact meagan (at) cityhomesrealestate.com.
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