Hot Rain Condos in Belltown
The PSBJ reports that more condos are coming to Belltown! Overseas buyer pays cash for Belltown condo development site:
The new owner of a corner lot in Seattle’s Belltown neighborhood plans to build a condo project on the property, a representative of the buyer said Thursday.
Brokers who worked on the deal said that Hot Rain Limited Liability Co., of Seattle recently paid $14.3 million cash for the mid-century building at 2333 Third Ave., where SkB Architects operates. That’s nearly four times what SkB paid for the property five years ago, according to public records.
SkB must be excited too!
Note that these condos will be years out as it’ll take 18+ months for permits and entitlements, and then they need to build it…