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Gallery Residents Moving In

By Matt Goyer September 22, 2008

The Gallery folks let everyone know that people are moving in to the first five floors and that:

The remaining retail space has been sold to a small grocer and will be called The Belltown Café-Market. The market will provide deli items, including ready-to-eat meals, groceries, wine and assorted last-minute items.

Anyone here move in yet?

Bonus link: Thornton Place sent over some photos from their recent event (250 people attended.) It’s that mega-plex up by Northgate.

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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8 responses to “Gallery Residents Moving In”

Foster says:

September 29, 2008 at 10:44 pm

I recently learned that in the current credit crunch, select buyers at Brix and Gallery have been unable to secure financing for their units. While some have simply forfeited their earnest money, others have been able to get 50% back or in some cases all of their earnest money back.

While it is rare that I compliment a developer, I will take this moment to say that I applaud Schnitzer Northwest for working with people who have been unable to get financing for their homes. It is the ethically correct thing to do.

I do wonder, though, what is happening to homebuyers who have the same issue at other projects in the city.
Foster says:

September 29, 2008 at 3:44 pm

I recently learned that in the current credit crunch, select buyers at Brix and Gallery have been unable to secure financing for their units. While some have simply forfeited their earnest money, others have been able to get 50% back or in some cases all of their earnest money back.

While it is rare that I compliment a developer, I will take this moment to say that I applaud Schnitzer Northwest for working with people who have been unable to get financing for their homes. It is the ethically correct thing to do.

I do wonder, though, what is happening to homebuyers who have the same issue at other projects in the city.
rollin st. says:

September 30, 2008 at 12:54 am

We are wondering the same thing. Please share your experiences in obtaining financing in this volatile credit crunch.
rollin st. says:

September 29, 2008 at 5:54 pm

We are wondering the same thing. Please share your experiences in obtaining financing in this volatile credit crunch.
Pat says:

November 24, 2008 at 7:10 am

Foster,

Where did you hear that buyers are getting out while retaining earnest money? I have heard the exact opposite for the buyers who are getting hosed at Gallery. No one can even get loans unless the building is 50% sold, which Galley has not yet currently done. They are still at 48% sold.
Pat says:

November 24, 2008 at 12:10 am

Foster,

Where did you hear that buyers are getting out while retaining earnest money? I have heard the exact opposite for the buyers who are getting hosed at Gallery. No one can even get loans unless the building is 50% sold, which Galley has not yet currently done. They are still at 48% sold.
IDEA says:

November 24, 2008 at 3:42 pm

I have read about several people that UNsuccessfuly tried to get earnest money back at olive8. I think this topic deserves its own post, and would be very helpful for the hundreds of presale buyers that are anxious right now.
IDEA says:

November 24, 2008 at 8:42 am

I have read about several people that UNsuccessfuly tried to get earnest money back at olive8. I think this topic deserves its own post, and would be very helpful for the hundreds of presale buyers that are anxious right now.

Gallery Residents Moving In

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