Skepticism Around Escala
Seattle Times columnist Nicole Brodeur is skeptical of Escala’s ability to raise prices amid all this recession talk in, Condo grandeur’s price still climbing:
Recession? What recession?
There’s no such thing at Escala, the 31-story, mixed-use condominium complex under construction at Fourth and Virginia in downtown Seattle.Escala is so confident about Seattle’s prospects that this week, the builder is raising prices between 3 and 7 percent for the unsold units. Prices reach $8.5 million.
Yeah, good luck with that.
Bonus link: Meanwhile on the other coast NY Mag is reporting on incentives to get the buyers, To clinch condo deals, developers are coming up with sweet incentives. (via reader VC).