urbnlivn, a seattle condo & real estate blog

Aubrey must have a subscription to the DJC since he’s picked up on the DJC story and blogged that the 82 unit Marlborough sold at auction for $18 million (which is $315/sq. ft. if we believe the county that they have 57,000 square feet) and 91 unit Domaine for $19.5 million (which is $229/sq. [...]

Popularity: 11% [?]

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Domaine Foreclosure
The Daily Journal of Commerce has the news that, Trustee’s sale is set for Intracorp condo project. That project is Domaine.
Looks like Ben has a subscription and has the full details in, Domaine development to be auctioned:

The article states a limited liability company affiliated with Intracorp is in default on a $22.51 million [...]

Popularity: 21% [?]

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Alrighty, no more buying the paper on Super Bowl weekend. Here’s the re-cap of ads in this past weekend’s Sunday Seattle Times:
1 Hotel Residences: Grand opening coming soon. Now selling. Occupancy 2010. It’s a lifestyle many desire but only a fortunate few will call their own.
1521: Occupancy 2008. Final purchase opportunity happening now. Call [...]

Popularity: 98% [?]

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From the this-will-teach-me-to-read-the-
news-at-night-instead-of-the-morning-department:
Just a week after dumping Expo 62 (Seattle PI article on it for a different spin) The DJC reports that Intracorp is now trying to dump the 91 unit and ill situated Domaine. From the broker’s site:

Moran & Company is pleased to announce that it has been retained as the exclusive listing agent [...]

Popularity: 18% [?]

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A reader writes in with reports on delays at 5th and Madison:

Move-in delays at 5th & Mad. What a surprise! But, Williams Marketing is now saying, “We will give you, the buyers, daily updates via emails.” (emphasis added). Let’s see if they live up to that promise. But I [...]

Popularity: 18% [?]

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I went to the Expo today. Here’s an update on sales numbers.
1 – 143 reservations for 208 units
1521 – 131 of 141 units sold
Brix – 68 of 141 units sold
Domaine – 10 of 92 units sold. I heard a rumor they took all the units off the market but they haven’t. They have switched [...]

Popularity: 54% [?]

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This past weekend the New York Times reports, Buyers Scarce, Many Condos Are for Rent:

After six weeks of failing to lure more than a couple of dozen buyers, Mr. Franco and his partner, Jeff Blum, joined the builders of nearly 6,000 condominium units in the Washington metropolitan area who have decided in the last three [...]

Popularity: 22% [?]

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People have been chatting about The FatReport in the comments, so it’s time to start blogging about what they’re publishing.
Selling well
Here are some projects that have been selling well.

Cosmo – 239 of 250 units sold
Meritage – 46 of 48 units sold
Mosler – 136 of 150 units sold
Parc – 136 of 185 units sold

Lots of inventory
Here [...]

Popularity: 48% [?]

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Before leaving on vacation I stopped by the Domaine sales center to snap a few photos:
Domaine Model Hosted on Zooomr
Domaine Kitchen Hosted on Zooomr
Domaine Kitchen Detail Hosted on Zooomr
Domaine Bathroom Hosted on Zooomr
Domaine Finishes Hosted on Zooomr
I’ll have to dig up my notes but overall I was fairly impressed with the project. They certainly have [...]

Popularity: 9% [?]

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There are a number of incentives if you’re looking to purchase at Domaine:

Flat screen TV
Seller funded interest rate buy down, which keeps your payment significantly lower the first few years.
First year of seller paid HOA dues, also keeps your monthly expenses lower.

Popularity: 8% [?]

Popularity: 8% [?]

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