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Sales centers cost how much!?

By March 2, 2007

Uncategorized

Seattle PI, Sales centers give you a feel for your condo before it’s even built:

Condominium sales centers are becoming an over-the-top part of Seattle’s evolving construction boom as developers go to increasingly elaborate lengths to target buyers for buildings that don’t exist yet.

A few years ago, sales centers featured wallboards with little stone or wood squares to show finish options, and maybe a piece of cabinetry, said Richard Adatto, whose company, Adatto Construction, built 10 to 15 local centers.

Then they moved onto “vignettes,” which at first offered sections of a kitchen, then whole bathrooms and kitchens, then entire units, Adatto said. “A person can walk in and say, ‘I got it.’ ”

These days, developers spend $500,000 to $1 million on sales centers, according to Bryon Ziegler, developer representative for Williams Marketing, which represents various condo projects, including Brix, on Capitol Hill.

$500,000 to $1 million! Yikes. If we assume there are 150 units that’s $3-$7k/unit. I don’t know about other customers but I’d rather save a few thousand dollars then have them build out entire units in the sales center.

(I don’t read the local papers so if you see condo articles in the papers be sure to forward!)

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