A Visit to the Pearl Apartments
This past weekend I stopped by the Pearl Apartments at 1530 15th Ave just up the street from me on Capitol Hill. (Apartment today, condo in a few years? You never know.)
It’s an 80 unit building by Barrientos who is doing a number of apartments in the area and did the Leona on Queen Anne which I visited recently. It’ll be interesting to see how much downward pressure their own projects put on themselves or whether there really is that much demand in the area. The architect is Weinstein A|U who on their website say it was a $11.1 million project. And Ethan Stowell is opening a 40 seat restaurant called Anchovies and Olives. I love Tavolata and Union so I’m excited for another good restaurant to join the area.
The building is move in ready, most of the studios are gone already. Rents range from $1195 to $2025.
I’m no expert on apartments but it seemed mid-tier; laminate counter tops, electric range, base board heat. But some units do have “hardwood”, they all have washer/dryers in the units and the west facing units have an absolutely great view.
For incentives, if you sign a 6 to 11 month lease you get half a month off. 12 month you get a month free.
What I didn’t like the most, and something I only noticed Monday after going to the grocery store, was that the backside (the east facing side) was ugly as hell. I’ll have to go take a photo. It’s a shame that they don’t pay consideration to all sides of the building.