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New Construction Pipeline November 2017

By November 2, 2017

Market Report

The big news this month is a new condo in Alki, The Pinnacle, expects to complete in late 2018 and has started reservations. 5 of the 11 remain available, prices starting around $1.55m. Also, Bosa (Insignia & One88 developer), has revealed what their downtown 520-unit Seattle tower at 3rd & Cherry will look like. And, we updated the format of this monthly blog post :).

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. And if you’re thinking of buying a new townhome, check out our guide and get in touch to hear about what is coming up but hasn’t hit the market yet.

Seattle New Construction

2017 Move-In

Luxe36: 47% pending
36 condos above retail, 17 pending. Here’s one on the MLS

Fort Lawton’s Officer’s Row: 92% sold
13 houses, 12 sold and pending, one left

Residences at Fairview: 76% sold
21 units, 19 closed + pending, 2 on the market

2018 Move-In

Gridiron: 65% pending
107 units, 70 pending
Move in date: January 2018.

Hendon Condos: 25% reserved
32 units, 8 reserved
Note: Reservations on hold, hopefully restarting soon

The Odessa: 66% pending
3 units, 2 pending, first floor unit still available
Notes: January 2018 move in

The Pinnacle: 54% reserved
11 units, 6 reserved

McGraw Square: Sales haven’t started
57 townhomes
Notes: on sale spring 2018, move in 2018?

2019 Move-In

Nexus: 83% pending
389 units, 324 pending, 65 available
Note: Starting price at Nexus is $999,950. Ranging up-to just under $5,000,000. Most homes remain in the $1,000,000 – $1,500,000 range, and are 2 and 2/den homes.

TBD

The Emerald
266 units
Note: they’ve broken ground

U Place at Union Bay
244 units
Note: while they say they have broken ground, as of October 31st, 2017

Future Possibilities

Bellevue New Construction

2020 Move-In

One88: sales haven’t started
148 units
Note: pre-sales starting early 2018

Future possibilities

I’m a real estate broker and the publisher of Urbnlivn. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

Get in touch to:

  • Understand the market
  • See homes for sale
  • Sell your home

Contact:

206-618-1600