urbnlivn, a seattle condo & real estate blog

Don’t know how I missed blogging about this penthouse at 1521 (unit # unknown) when it hit the market in January. But I did notice it come back on the market for $5.5 million this past week, a $700k adjustment from its initial listing price of $6.2 mil. Now it’s priced at $2,069/square foot! The [...]

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“1521 Second Ave Honored With Eight More Prestigous Awards at “The Nationals” by NAHB”: Judges awarded Fifteen Twenty-One Second Avenue with three gold honors nationally for “Best Black & White Ad,” “Best Interior Merchandizing of a Model Home over $1 Million,” and “Best Internet Marketing Campaign – Banners.” The high-rise project was also awarded with [...]

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I spent some time digging through public records to find the 5 most expensive condo sales of 2009. $11.3 million on 2/2/2009 – Four Seasons Unit #1602. Likely Bruce McCaw’s pad. This unit was just $90k short of setting’s Seattle’s most expensive condo sale (which is I believe, #1703 at the Four Seasons which was [...]

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1521 recently won the NAIOP (the Commercial Real Estate Development Association, formerly known as the National Association of Industrial and Office Properties) Multi-Family of the Year Award. Judging panelists noted that Opus Northwest has closed on two-thirds of the 143-unit project representing more than $170 million in sales to date. Unlike typical condominiums, Fifteen Twenty-One [...]

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Canlis Glass, BoConcept, Alchemy Collections and a few other folks are hosting an open house at 1521 this weekend (noon to 5 p.m.). Here’s a video preview: Canlis Glass Showing at Fifteen Twenty-One Second Avenue from Northwest Public Relations on Vimeo. Justin Bowers wrote up his visit last week. It’s a little gushy though.

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I shouldn’t be giving in and posting this press release from 1521 but it’s too good to pass up! What exactly are they promoting? Creating a micro climate, what’s that? Closing on their 86th sale? That they’re only 60% sold? $160 million in sales? Not having lowered prices? Seattle’s Fifteen Twenty-One Second Avenue Establishes a [...]

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Last Thursday I went to a New Home Council Meeting that was hosted by 1521. There I had the opportunity to listen to William Justen who gave a short talk about 1521. Here are my notes: They’re 60% closed (w/several dozen pending and 30 or so available) 10% of the sold homes have kids living [...]

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Maybe I’m an outsider and don’t know just how important the Gold Nugget Awards are but when I got a press release from 1521 declaring their victory I rolled my eyes while the other bloggers lapped it up: Opus Northwest, today announced that its Fifteen Twenty-One Second Avenue condominium development in downtown Seattle received two [...]

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Seattle Times finally clued into the closing problem at the big shiny new downtown condos, At pricey high-rise Seattle condos, some buyers back out: At Fifteen Twenty-one, developer Opus Northwest says more than one-quarter of the original buyers have walked away, some forfeiting deposits of $100,000 or more. At Olive 8, at least 10 percent [...]

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Received an email from 1521: To date, 63 of the 120 pending presales have closed – the balance of which are scheduled to complete over the coming weeks and months, depending on the level of unit customization, which was common in the top third of the building. During the presale process, 138 of the 143 [...]

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