New Construction Pipeline for 2017
Here’s a look at all the big new construction projects around town.
Since our last update in November, Luma has sold out and Insignia is down to just two units in the north tower. In 2017, we’re expecting only three condo projects to complete, Gridiron, Hendon and the Odessa. We also expect projects like Bryant Heights, Fort Lawton and Rally to sell out early in the year, leaving not much in the way of big new construction projects. In terms of single family and townhome new construction, we expect to see a little more than what we saw in 2016, which was approximately 1,500 sales.
If you’re thinking of buying a new construction, get in touch! We’ve toured all the condos, been through many new construction single-family homes and townhomes and have helped many buyers navigate pre-sales at Insignia, Luma, Hendon and Nexus. You can reach me at [email protected] or 206-618-1600.
Selling Now
Bryant Heights
14 single family homes, 12 sold, 2 for sale. Here is one on the MLS
39 townhomes, 5 sold, 24 available. Here is one on the MLS
Move in date: as they sell
Fort Lawton – Officer’s Row – 54% sold
13 houses, 7 sold and pending, 6 available from $2m to $2.9m
Move in date: as they sell
Gridiron – 32% reserved
107 units, 34 — not updated since October
Move in date: September 2017
Hendon Condos – 31%
32 units, 10 pre-sale (-1 since last month)
Move in date: summer 2017
Insignia North Tower – 99% pending and closed
348 units, 346 closed + pending, 2 for sale
Move in date: now
Nexus – 83% reserved
374 units, 310 reserved
Move in date: 2019 or 2020
Note: first position reservations on two bedroom / two bathrooms start around the low $900,000s with second positions available from the mid-$300,000s upwards. There are 103 second position reservations. Breaking ground in January. Sales center opening mid-February.
The Odessa – 66% pending
3 units, 2 pending, 1 off market
Move in date: summer 2017
Rally – 55% sold & pending
27 units, 15 sold & pending — not yet updated. Here is one on the MLS.
Move in date: now
Residences at Fairview – 76% sold
21 units, 5 available
Toll Brothers – Seattle Children’s Home Campus at 901 W McGraw St
58 townhomes
Move in date: ???
Notes: demolition has begun
Coming soon – Seattle
U Place at Union Bay
244 units
Notes: has broken ground
Urban Green Villa
116 units
Notes: hasn’t broken ground yet
616 8th Ave S
14 units
168-Unit Condo Proposed in International District
Future possibilities – Seattle
- 1,200 units in South Lake Union by Onni Group
- 284 units on First Hill by Daniels Real Estate
- 68 units in Belltown by Richard Tsang
- 236 units in Belltown by Stanford for Altitude Hotel & Residences
- 177 units near Pike Place at 2nd and Stewart by Create World
- Downtown condos by Bosa
Coming Soon – Bellevue
- 143 units in Bellevue: sales likely starting in the spring
Future possibilities – Bellevue
