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 Goyer

I love condos, lofts, floating homes, new construction and mid-century moderns so much so that since starting this blog in 2006 I've written over 2,000 blog posts about them!

For years I resisted becoming a real estate agent preferring to be a marketing executive at Redfin but after leaving Redfin (after seven years!) I caved in the spring of 2014 and became a broker. So if you need help finding that "Urbnlivn-style" place or selling your home email me at matt@urbnlivn.com, I'd be happy to help you.

Prior to Urbnlivn and Redfin, I worked at Microsoft after graduating from the University of Waterloo with a Bachelor of Mathematics with a major in computer science.

You can also find me on Twitter, @MattGoyer, or LinkedIn.

  • 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.