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Home / Market Report / Eastside May new construction update: Jade working on fit and finishes

Eastside May new construction update: Jade working on fit and finishes

By May 18, 2021

Market Report

Jade Residences: The Totem Lake condo building in Kirkland is about 60% sold at the moment. The sales team put 3 units under contract this past weekend. For construction progress, they’ve put all the windows in and are beginning to work on the fit and finishes of the units. This is a good sign that they’re on track to complete the project in late Fall 2021.

Additionally, 13 units are being set aside for availability through the ARCH program, a resource for affordable homes in East King County. We’re still waiting on details for the price points but for those interested, you can inquire on the ARCH website. For standard retail, there are still a mix of one and two bedroom floor plans available starting at $460,990.

Mira Flats: There are 11 units remaining for sale and the sales team is reporting lots of good activity. They’re aiming to wrap up sales this summer. Mira Flats is a mid-rise in downtown Bellevue with two and three bedroom units starting at $779k.

Avenue Bellevue: The update out of the two-tower luxury condo project in downtown Bellevue is that there are only three studio units left below $900,000.

Heron: We recently got word of five new luxury homes coming to Holmes Point in Kirkland. The homes, built by Conner Homes, will range in the low to mid $2 million and feature three levels, lots of space, and views of Lake Washington. We’ll be doing a full write-up with pictures soon but there is a model home available so let us know if you want to check them out! All five homes are targeted for completion by September.

One88: Reports are that this luxury condo tower built in 2020 by Bosa in Bellevue is down to the last three developer units for sale. There are also three units up for resale at the moment starting at $1.5m.

To keep an eye on all the new construction projects on the Eastside and in Seattle, check out our New Construction Pipeline.

I am a broker and contributing writer for Urban Living. I love condos & townhomes and helping people find the next space they call home!

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