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Insignia Condos Breaking Ground Next Week

June 7, 2012 By 2 Comments

The DJC reports, Bosa starting construction soon on 2 condo towers in Regrade:

Burnaby, B.C.-based Bosa Development Corp. will start construction in the next two weeks on the first of what will be two 41-story, 335-unit condo towers in Seattle’s Denny Regrade.

We hear it could be as early as next week and will be finished in late 2014.

Anyone have a DJC subscription and willing to share the article with us? matt@mattgoyer.com.

Update: The Seattle Times has an article that’ll appear in Friday’s paper with a lot more detail, 41-story condo tower ready to start in downtown Seattle:

He said the first phase will cost $180 to $200 million, and for now he is financing it himself. But he said four banks that have loaned money for his San Francisco condo project have indicated they will provide money for Insignia “whenever we are ready.”

A meeting Monday with a major Seattle lender also went well, Bosa said, although the lender made no commitment.

He wouldn’t say how much equity he plans to invest in Insignia, “but it will be a lot …

“Obviously I’m excited about Seattle, and I’m excited to get started.”

Insignia Condos Insignia Condos Breaking Ground Next Week

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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.

  • Guest

    A little googling indicates that the address is 2301 6th Ave. That’s one block northwest of the new Amazon towers.

  • http://www.scottfinnhomes.com/ Raye

    Seattle is about to experience a big dose of “Bosa” over the next few years and, hopefully,  he will keep doing the same for San Diego. His last project (after 8 other downtown San Diego towers), Bayside, is down to 2 penthouse units left for sale. He will break ground later this year on one of his 4 or 5 remaining lots with prime water views.  Since the recession caused a 40% drop in prices, construction screeched to a halt and we are now dealing with less than 200 units on the market in the downtown area as opposed to over 600 during the heyday. With no cranes in the ground and demand still strong, any new construction in San Diego is going to do extremely well.