FB

Contact us:

[email protected]
206-618-1600
Home / Uncategorized / Condo project cancelled – First of many?

Condo project cancelled – First of many?

By September 20, 2006

Uncategorized

Thanks to a reader for pointing me to the Seattle PI, Lease wins out over condo plans at Qwest Building site:

The developers filed plans with the city in August to replace the 53-year-old building with two 28-story condo towers, but decided not to build because they had concerns about the current market and found a tenant to lease the entire building for more than 10 years, Wilson said Monday.


And,

“I think in the near term you’re going to see more properties that are slated for condos not become condos,” he said. “The people that are already out of the ground are certainly going to complete their projects. I think the people in the early planning stages may not move forward.”


Scary stuff. What other projects are at risk?

I’m the founder and managing broker of Urban Living. 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
  • Find your perfect home
  • Sell your home

Contact:

206-618-1600