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More info on Trace Lofts

By January 23, 2007

Trace Lofts, Trace North

Here’s some more information I’ve gathered on Trace Lofts:

  • Final pricing not until April
  • Only one finish option, no chance to see a finish board before reservations
  • HOA’s not set but will be ‘industry standard’
  • Common amenity is a roof top deck and ‘the neighborhood’
  • There will be no sales office
  • Close will be June/July
  • 1 parking space per unit, underground
  • All units come with a storage space. Size and finish level is unclear.
  • Appliances are GE Stainless
  • Hard hat tours will not be available until April
  • Washer and dryer are not included
  • No shower option

The most disconcerting detail to me is the lack of precise pricing information, especially given how far along they are in the construction process and how close they are to closing. As a customer I feel like they are delaying on setting prices so that they can gauge the market demand through the reservation process and take advantage of the summer seasonal upswing to ensure that they maximize the asking prices on the units. Of course, if I were a developer I’m sure I’d do this too.

Few more details about Trace North:

  • 100 units. Studios, one and two bedrooms
  • One finish package
  • Close in January ’08
  • Sales center opening April ’07

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

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