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Skepticism Around Escala

By June 3, 2008


Seattle Times columnist Nicole Brodeur is skeptical of Escala’s ability to raise prices amid all this recession talk in, Condo grandeur’s price still climbing:

Recession? What recession?

There’s no such thing at Escala, the 31-story, mixed-use condominium complex under construction at Fourth and Virginia in downtown Seattle.Escala is so confident about Seattle’s prospects that this week, the builder is raising prices between 3 and 7 percent for the unsold units. Prices reach $8.5 million.

Yeah, good luck with that.

Bonus link: Meanwhile on the other coast NY Mag is reporting on incentives to get the buyers, To clinch condo deals, developers are coming up with sweet incentives. (via reader VC).

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