February Seattle new construction update: expect delays with the concrete strike
The big news on the new construction front is the regional strike by concrete workers. The longer the strike goes on, the bigger impact it will have on development projects at every scale. An estimated ~15,000 workers could become idle by month’s end if negotiations don’t resume or get resolved.
King County officials are trying to take an alternative approach to get their projects back on track by setting up exclusive contracts with concrete suppliers. The highest profile project they’re trying to make sure completes in 2022 is, of course, the West Seattle Bridge repair.
That hasn’t slowed some sales teams though! Let’s take a look at updates from a few projects around the city:
- At Nexus, the sales team continues a strong start in 2022 with 6 sales in the last month
- Spire is nearly 50% sold with 10 sales in the last month
- Emerald has jumped to nearly 65% sold with 7 sales in the last month
- KODA is about 46% sold and the team sold 4 units in January
- Infinity Shore Club has 13 units under contract putting them at 33% pending
You can see all the projects selling and under construction on our new construction pipeline page.