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Rollin Street Information Session

By August 1, 2006

Rollin Street

Sunday I attended the informational session for the Rollin Street flats along with two other people. They start you off with a 7 minute inspirational/aspirational video about neighborhoods and an overview of the South Lake Union neighborhood. Then they take you to their model of downtown Seattle and show you what’s been built and what’s going to be built. Next we went to a small conference and received a handout:

Handout

Rollin RenderingRollin Rendering Hosted on Zooomr
Rollin PricingRollin Pricing Hosted on Zooomr
Rollin Floor PlateRollin Floor Plate Hosted on Zooomr

And also floor plans which I posted earlier.

Building

  • Floors 2-11 are residential
  • 3 levels of parking
  • Storage spaces for each unit
  • Pet friendly building
  • 20,605 sq ft of retail space (targeting a destination retailer and a restaurant)
  • Architect: Ankron Moison (responsible for much of the Pearl District)
  • Construction: Howard S Wright (built the Space Needle)
  • Developer: Vulcan

Green

  • Going for LEED certification
  • Central gas fired hot water (no cold showers!)
  • Commercial quaity energy efficient windows
  • Water efficient fixtures
  • Low VOC materials and finishes
  • Energy efficient appliances and lighting
  • Recycling during construction
  • Drought resistant planting

Amenities

  • 2 roof decks w/outdoor kitchen and grills
  • Community room
  • Guest suite
  • 3 elevators
  • Wine storage

Misc

  • Polished concrete ceillings
  • Exposed ventilation stack
  • East units will have big opening windows since they won’t have decks. Note that the glass starts at 24″ (not floor to ceiling like the west units)

Interiors

  • Floor to ceiling glass
  • German cabinetry
  • Bosch appliances
  • 4 options for kitchen, 4 options for bath, 4 flooring options

Upgrades

  • Thermador appliances
  • Counter slabs and backsplahes
  • Islands (looking at fixed and/or movable ones)
  • Glass sliding doors
  • Technology pack (undetermined what this is)

More misc

  • Break ground in the fall.
  • Finish date around Oct-Nov 2008
  • Guest parking is on the street (not currently metered)
  • Investor mix w/cap (undetermined what the percentage is)
  • Final pricing ranges late Aug/Sep
  • Exact pricing when you come in to make your home selection
  • To put a grill on your balconey you need a sprinkler. TBD whether there are sprinklers on the balconey.

Notes on 2200

  • Project is on track (no delays)
  • HOA is $0.50 sq ft
  • Sold out 80% in first 2 months
  • Sold last unit 4 months ago
  • Largest units sold last

Conclusion

I’m pretty disappointed. I wanted a west facing unit but with prices starting in the mid-$500s I’m going to have to pass and consider either Veer or Enso. Though I will submit a lottery card to be on the safe side.

I’m a real estate broker and the publisher of Urbnlivn. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

Get in touch to:

  • Understand the market
  • See homes for sale
  • Sell your home

Contact:

206-618-1600