VOLTA Project in Belltown Headed to Auction

Ben from Seattle Condos and Lofts tweeted that VOLTA condos in Belltown, formerly known as the Alex, is in default and headed to auction:

Notice of Trustee’s sale issued, auction on 3/18/11. The developer defaulted on $1,488,325.

I toured this project last March, its got potential! However, given the market I bet we see this project bought, finished, and turned into high-end apartments.

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.

  • Axe

    Unfinished building completely exposed to an entire Seattle winter…it’s sure to be a disaster.

  • Ss_select

    Gerry and Michael at Saltaire made a small fortune in the dot.com days by over charging their clients, and providing sub standard work.
    They should have known the leverage pendulum would someday swing against them.
    Losing this project – couldn’t happen to more deserving guys.
    Karma is an amazing thing.

  • Ss_select

    Gerry and Michael at Saltaire made a small fortune in the dot.com days by over charging their clients, and providing sub standard work.
    They should have known the leverage pendulum would someday swing against them.
    Losing this project – couldn’t happen to more deserving guys.
    Karma is an amazing thing.

  • Anonymous

    How interesting and reality does not seem to contain general news during the past  years. Thank you for providing statistical details of what is really happening there.