An article published today by the Puget Sound Business Journal says “a new neighborhood is emerging in the northeast section of downtown Seattle, and by 2020 it will be a new residential core featuring cutting-edge apartment and condominium buildings, a variety of restaurants and retail, as well as places to meet and work. In the heart of this so-called ‘East Village’ neighborhood will stand NEXUS, the first condominium tower to open in the neighborhood, offering buyers the opportunity to own their share of downtown Seattle’s future and a slice of the ever-expanding skyline.”
The Burrard Group, a Vancouver, BC–based real estate development firm provided a first glimpse of downtown Seattle’s next generation condominium tower called NEXUS, and plans to offer unit reservations in May 2016, presales in Fall and break ground by late 2016 for first occupancy in 2019. The developer has appointed key members of the development and marketing team and confirms that all units will be offered for sale, citing a point of inflection in the buy vs. rent debate amongst urban dwellers in one of North America’s fastest-growing cities.
Dean Jones, President & CEO of Realogics Sotheby’s International Realty offers insight in the latest Real Estate Buzz entitled “Condo demand rising faster than supply,” as the Daily Journal of Commerce says that the rate of demand for condos in downtown Seattle is much higher than available supply.
Belltown is named for William Nathaniel Bell, one of the original settlers whose heavily forested land became downtown Seattle. The Belltown/Downtown area is where many Seattle landmarks like Pike Place Market and Smith Tower are found. Fortune 500 companies Nordstrom and Expeditors International are headquartered here. Among the many ongoing projects downtown, work began in June 2015 to lay the foundation for Weyerhaeuser’s new headquarters in Pioneer Square, to be opened in 2016; and the Pioneer Building on First Avenue has been purchased for redevelopment as co-working space and suites for small businesses and entrepreneurs. The pioneers’ clapboard houses are long gone and virtually all recorded sales are now of mid-rise and high-rise condominiums in this vibrant, 21st century city.
Graciously remodeled, private 1909 classic yet modern craftsman situated on one of the Hill’s favorite streets. Spacious semi-open living room, dining, kitchen and family room with oak floors. Elegant chef’s kitchen includes Viking, Bosch, Dacor & Sub Zero appliances. Master suite with 5 piece master bath & walk in closet. Family room, media room, office, 2 laundry areas, 2 car garage, outdoor terrace and level yard.
This sophisticated contemporary Capitol Hill townhome was designed by Gordon Walker. Comfortable open living spaces are accented by soaring ceilings and walls of windows. The patio and lush greenbelt to the west create a tranquil and private feeling. Master suite includes an adjacent den/sitting room complete with gas fireplace, perfect for lounging with a great book or watching TV. Over-sized 2-car garage takes care of all your storage needs. No common walls. Truly a special home in a great neighborhood.
Executives of Realogics Sotheby’s International Realty recently announced that half of the top 16 condominium sales in downtown Seattle year-to-date were represented by RSIR brokers while the firm maintains its place as the top selling branch office of urban condominiums since the Great Recession in 2009, according to Trendgraphix research.
“We observe China as the soon-to-be largest economy and a wealth engine with a high propensity for its nationals to seek financial safe harbor and education overseas. Asian demographics are the fastest-growing segment in Washington State with the greatest number stemming from China.”
Other markets covered in the report include The United States, The United Kingdom, and Brazil. View more insights in our Luxury Life report.
Spring is here, the sun is out and so are the connoisseurs of art. Making its much anticipated comeback in Belltown and Kirkland is Artwalk – a neighborhood partnership of businesses, artists and local residents that gather to enjoy an evening of culture and connection.
“We couldn’t be more proud to be members of the local community and to support Artwalk,” says Stacy Jones, Owner and Vice President of Realogics Sotheby’s International Realty. “Bringing art and people together is a passion shared by our company, the artists and the patrons alike.”
Don’t miss this community celebration on April 11th as follows:
KIRKLAND ARTWALK – 5-8pm
BELLTOWN ARTWALK – 6-10pm
Belltown Art Walk MAP
Now showing at The Connoisseurs of Life Showroom at 15 Lake Street in Kirkland
FEATURED ARTIST: Lisa Corbett
Lisa Corbett began the initial phase of her creative career as a modern dancer and was co-founder, co-director, choreographer, performer, and instructor for a Northwest modern dance company. Soon after being awarded The Artist Trust Foundation grant for choreography, Lisa completed her M.S. degree and lived, worked, and traveled in China. This background and experience provide a framework from and through which her work emerges. Lisa paints in acrylics and believes the intensity of colors, the modern context of acrylics, and the immediacy of their nature, coincide with her philosophy of living in, capturing, and expression of moments and impressions. Concepts derived from dance that are incorporated in her work include breath, movement, energy, flow, composition, dynamics, and balance. As Lisa paints, her interaction with the canvas is reminiscent of dance improvisation, and each work is a unique and vibrant choreography. In addition, Lisa’s travels in various Asian, and other, countries also provide an influence in her art, as she integrates philosophies of Feng Shui, and cultural concepts into her pieces.
FEATURED BAND: The Boom Booms
Playing at the Belltown Community Center at 415 Bell Street between, The Boom Booms are going to rock Belltown live 8-10pm – join your neighbors from Vancouver, BC as this rising star descends upon Seattle with special thanks to BOSA Developmentwho are building the inspiring Insignia Condominiums in Belltown.
The Boom Booms began in BC’s glamorous tree-planting camps. Planting trees by day and creating and performing music by night for their tree-planting posse was a typical spring season for the childhood friends. Once the season ended, they kept the momentum going by producing their very own neighborhood block party. The “Boom Boom Block Party” became a summer highlight for East Vancouver residents for four years and raised over $20,000 for organizations such as Environmental Youth Alliance (EYA); Contributing to Lives of Inner City Youth and The Music Tree, a not-for-profit foundation that is dedicated to raising awareness of ecological community projects through fundraising concerts and events. Co-founded by Aaron Ross and supported by The Boom Booms, The Music Tree is committed to “greening” the planet by inspiring people to get involved in community building and self-sustainability.
The Boom Booms have built a loyal fan base that stretches across generations. The video for their feel-good party anthem, “When the Night”, reached #6 on the Much More Music chart in 2008 and was optioned for an episode of 90210. “Delivered”, a surreal banjo ballad that conjures up images of a jungle river baptism, garnered an award for Best Roots Song at the Just Plain Folks Music Awards in Nashville.