New Construction Pipeline Update
Here’s a look at all the big new construction projects around town.
Despite us holding the record for the highest number of cranes, in 2017, we’re expecting only three condo projects to complete, Gridiron in Pioneer Square, Hendon on Phinney Ridge and the Odessa in Madison Park. We also expect single-family and townhouse projects like Bryant Heights, Fort Lawton and Rally to sell out early in the year, leaving not much in the way of big new construction projects. In terms of individual single family and townhome new construction, we expect to see a little more than what we saw in 2016, which was approximately 1,500 sales.
If you’re thinking of buying a new construction, get in touch! We’ve toured all the condos, been through many new construction single-family homes and townhomes and have helped many buyers navigate pre-sales at Insignia, Luma, Hendon and Nexus. You can reach me at [email protected] or 206-618-1600.
Selling Now
Bryant Heights
14 single family homes, 12 sold, 2 for sale. Here is one on the MLS
39 townhomes, 8 sold, 5 for sale now, the rest to be released. Here is one on the MLS
Move in date: as they sell
30 townhomes above retail
Notes: coming soon
Fort Lawton – Officer’s Row – 54% sold
13 houses, 7 sold and pending, 6 from $2m to $2.9m will be released in this month
Move in date: as they sell
Gridiron – 38% reserved
107 units, 41
Move in date: September 2017
Hendon Condos – 31%
32 units, 10 pre-sale (-1 since last month)
Move in date: summer 2017
Insignia North Tower – 99% pending and closed
348 units, 346 closed + pending, 2 for sale
Move in date: now! We hear the developer really wants to move these last two units.
Nexus – 83% reserved
374 units, 310 reserved
Move in date: 2019 or 2020
Note: first position reservations on two bedroom / two bathrooms start around the low $900,000s with second positions available from the mid-$300,000s upwards. There are 103 second position reservations. Breaking ground in mid-February. Sales center opening in February 18th for reservation holders and in March for everyone else.
The Odessa – 66% pending
3 units, 2 pending, 1 off market
Move in date: summer 2017
Rally – 55% sold & pending
27 units, 24 sold & pending. Here is one on the MLS.
Move in date: now
Residences at Fairview – 76% sold
21 units, 5 coming in April
Toll Brothers – Seattle Children’s Home Campus at 901 W McGraw St
58 townhomes
Move in date: ???
Notes: demolition has begun
Coming soon – Seattle
U Place at Union Bay
244 units
Notes: has broken ground
Urban Green Villa
116 units
Notes: hasn’t broken ground yet
616 8th Ave S
14 units
168-Unit Condo Proposed in International District
Future possibilities – Seattle
- 1,200 units in South Lake Union by Onni Group
- 284 units on First Hill by Daniels Real Estate
- 68 units in Belltown by Richard Tsang
- 236 units in Belltown by Stanford for Altitude Hotel & Residences
- 177 units near Pike Place at 2nd and Stewart by Create World
- Downtown condos by Bosa
- Belltown condos by Hot Rain
Coming Soon – Bellevue
- 143 units in Bellevue: sales likely starting in the spring
Future possibilities – Bellevue
