I’ve always had a condo crush on the Mosler Lofts in Belltown, with its concrete, steel and glass facade. If I didn’t own a place, I would jump at this new rental listing. Unit #512 spans 1,126 sq. ft. with one bedroom, a den and 1.75 bathroom, plus a private 500 sq. ft. deck. As… Read More
Word is that Mosler Lofts owners have been hit up by their HOA for a million dollars to fund an investigation to go after construction defects. A million dollars just for the investigation! Makes the settlement at Trace Lofts seem like peanuts. Bets on whether the final bill tops the $26 million settlement at 2200?… Read More
I apologize for the delay for interesting sales post this week, but I’m just now slowly beginning to recover from the eggnog and fruitcake hangover. Last week sales were predictably slow if not stagnant. 15 sales across the board with one at Olive 8, and most in the downtown and Capitol Hill neighborhoods. Some interesting… Read More
Before the year is up, we should probably circle back on one of the bigger stories of the year: the flood at Mosler Lofts. To quickly recap, the flood happened in May, impacted as many as 30 units on the 7th floor and below, forced some residents to relocate while repairs were made, and generally… Read More
Looks like the final developer-owned unit at Enso went pending late last week and the project is basically sold out (after the 5 or so pending sales close in the coming weeks, that is). In closed sales news, 19 condos and townhouses closed last week including a former foreclosure at Mosler Lofts in Belltown, a… Read More
The penthouse showcase at Realogics got me thinking about penthouses. I started wondering how many penthouses are currently listed and, more specifically, how many top floor condos bill themselves as both penthouses and lofts? My methods are far from a complete and accurate search but here’s a quick look at what I came across. A… Read More
Earlier this week Realogics had a broker’s open to showcase several of their penthouse listings in Seattle (and unique townhouses – read: Enclave and Sanctuary). And although I’m not a broker, they let me ogle PH#2 at Mosler Lofts anyway. Sadly, I only had time to stop in on one property that day. Matt has… Read More
I was about to say there weren’t any closed sales in new construction condos last week but then I refreshed my Redfin query at noon. One popped up for Downtown’s Escala (#606 for $410K) and also the Dakota over in West Seattle (#410 for $390K). In total, there were 23 condo and townhouse sales closed… Read More
Matt already covered some of the Mosler Lofts flood story in his post at the end of May, but looks like Kiro 7 really pounded the pavement to see if they could get more details. BelltownPeople saw the article first but here’s the link: Belltown Condo Owners Deal with Headaches After Massive Flood Damage. This… Read More
Two weeks ago a Mosler Lofts resident got home to their seventh floor unit Saturday night, started drawing a bath and promptly fell asleep. At 6 am on Sunday a neighboring resident awoke to find water flooding their place. Leaving a bathtub running all night flooded the stack immediately below the unit, the stacks adjoining… Read More
ArchDaily recently published a lengthy write-up of the sustainable features of Mosler Lofts (including lots of pictures). The article made me wonder if Mosler Lofts (2720 3rd Ave) stands alone in providing residents with: free membership to an on-site hybrid ZipCar an alternative fuel-recharging system in the garage HOA dues include paying for a green… Read More
Penthouse #1 at Mosler Lofts sold two days ago for $1.5 million (we last blogged about this unit in June). This is a significant markdown from it’s original listing price of $1,975,000 and it’s last sale price of $2.3 million in May 2008. The seller, Mark Phillips, must have been motivated after 155 days on… Read More
Mark Schuster, the developer behind Mosler Lofts, has written a book, Lofty Pursuits about his career and building Mosler Lofts, a Belltown condo. Lofty Pursuits is a journey of success built the old-fashioned way: through perseverance and hard work. Over the course of twenty-five years, Seattle real estate developer Mark Schuster went from scrubbing toilets… Read More
There are now two double-units for sale at Mosler. The first to hit the market was unit 900-901 priced at $1,495,000 for 2,055 square feet complete with northwest accents: The second hit the market a few days ago, unit 1008 priced at $925,000 for 1,546 square “painstakingly produced by acclaimed designer Holly McKinley”: I prefer… Read More
Mark Schuster’s penthouse #02 now has some competition. Penthouse #1 hit the market a little over a week ago. It’s a good looking unit and at only $2 million considerably cheaper than Mark’s $3 million penthouse. Larger too at 2,398 square feet versus 2,000 square feet. While the bathroom looks a lot nicer in Mark’s… Read More
Is Mark Schuster taking advantage of Mosler’s new lien-free status to sell his penthouse (known as PH #2) at the condo he built, Mosler Lofts? An observant reader spotted this website, SeattleIconicLoft.com, a website advertising penthouse #2 at Mosler Lofts for sale at $3 million which county records confirm is owned by Schuster. The county… Read More
According to the note below the lien situation at Mosler Lofts has been resolved. To quote a Mosler Loft owner, “it’s fucking awesome!”: April 13th 2010 Fellow Mosler Residents 2720 – 3rd Ave Seattle, WA 98121 RE: Building Liens and Lis Pendens The Mosler board is pleased to announce the lien situation at Mosler Lofts… Read More
Years later, Mosler Loft owners are still caught between JE Dunn and the Schuster Group and a $6.7 $2.7 million lien. To shed some light on the problem the owners have started a new public blog, Mosler Lofts Lien. There is still the lien between JE Dunn and The Schuster Group/Belltown Developing Partners and Chicago… Read More
There’s been a lot of new listings hitting the market the last few weeks but not much has caught my eye. However, this past week two lofts popped up in Belltown that caught my eye. The first, a ground floor loft at Mosler. It’s a 1 bed/1.5 bath, 1,500 square feet. Originally sold as new… Read More
