5th and Madison project sold
Commercial Property News reports, Kennedy Wilson Buys Seattle Properties for $300M (thanks UrbanAsh).
The adjacent 126-unit condo building is known as Fifth and Madison. Currently under construction, the project has pre-sold 84 of its residences (or two-thirds) at prices averaging $660,000 for 1,045-square-foot units. The project is slated for completion this fall.
Is it strange for a condo project to change hands part way through? Also interesting to note that 5th and Madison raised prices on a several units this week. One as much as $40,0000.