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The Condo Comeback: NEXUS Will Be “First and Foremost” Among the “Few” High-Rises for Sale in Downtown Seattle

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Following a record apartment construction surge that delivered more than 12,000 new rental housing units in downtown Seattle, it’s curious that, since 2011, only 866 condominiums were added. What’s more extraordinary is that so few of those new condominiums remain available to purchase today.  Simply put, 99-percent of what was built for sale in the last five years has been sold and more than two-thirds of what’s planned for delivery by 2019 is already reserved through priority pre-sale.
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The Seattle Times Says, “Smart Connections Planned at Downtown Tower”

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A RECENT ARTICLE PUBLISHED BY THE SEATTLE TIMES DESCRIBES THAT “REPRESENTATIVES AT NEXUS SAY THEY ARE ENGINEERING A ‘SMART CONNECTED BUILDING’ AND IN THE PROCESS ADDING A NEW DIMENSION TO URBAN LIVING.”

The commencement of construction on the NEXUS condominium tower in downtown Seattle quickly approaches, and executives of Burrard Group and Sirqul announced a new alignment that will redefine what it means to “live in the cloud.”
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Featured in Seattle Magazine!

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Exciting news! We are featured as new construction and resale experts in the latest edition of Seattle Magazine! In downtown Seattle, condominium market values swelled by 28 percent in the first half of 2016 compared with the same time last year. Given that there were virtually no new construction deliveries in 2015, a look at only resales from these periods offers the most accurate outlook, revealing what is still a 22 percent increase in values despite a decrease in total resale closings. The state of the in-city housing market is evidenced by the strong consumer response to new construction projects.
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Burrard Group Confirms 244 of 374 Condominiums Reserved at NEXUS During Preview Weekend

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Reservations could represent more than $200 million in presales; median home prices rise in downtown Seattle.

The Burrard Group has accepted 244 first-position, unit-specific reservations for priority presales at NEXUS, a new 374-unit high-rise condominium tower located at 1200 Howell Street in downtown Seattle. Project representatives at Realogics Sotheby’s International Realty report that more than 500 prospective homebuyers were processed through the NEXUS Preview Center at 2715 1st Avenue on June 4 and 5th. Several groups camped out overnight to ensure a first place in line while a crowd of approximately 130 were queued up by 11am on June 4th when the reservation event commenced. Prospective homebuyers were offered an individual home for priority presale with a price range for a $5,000 fully-refundable deposit to be held in escrow. Reservations will convert to a Purchase and Sale Agreement during the Fall of 2016, commensurate with the opening of a formal sales center and the ground-breaking of the development. NEXUS is scheduled for occupancy by mid-2019.
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The PSBJ Reports on NEXUS: “A New Center of Gravity in Downtown Seattle”

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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.”
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Realogics SIR Partners with The Burrard Group on Next Generation Condominium Tower, NEXUS Seattle

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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.
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SeattlebyDesign | Seattle Area - Real Estate Specialists