The auctions for both properties will be held on Sunday, September 27th at the Grand Hyatt Seattle (721 Pine Street). Brix goes first starting at 1:00 PM with Gallery starting later at 6:00 PM. The auctions will be conducted by Accelerated Marketing Partners, who previously handled the auction for the 1707 Boylston condo on Capitol Hill.
There are 40 units available at Brix with the minimum bid starting at $165,000 for an open one bedroom. The Gallery has 43 units available with the minimum starting bid beginning from $195,000. Schnitzer clarified that there are more units available but are only offering 83 through the auction process. Presently, their focus is on the 83 auction units so no home will be available for purchase through normal channels until after the auction concludes.
According to their press release:
"The auctions will be conducted mid stream of the properties’ sales campaigns, and are not intended to 'liquidate' the remaining inventory, but rather will establish market pricing for the projects."
For more information including the full list of homes available, registration and deposit requirements, please click on the following:
The developer’s other condominium project is The Bravern in Bellevue.
The Montage (website) is the newest condominium addition to the Pike/Pine corridor on Capitol Hill. The 6-story, 23-unit building is located at 1422 Boylston Avenue, just around the corner from the HoneyHole.
Montage includes a mix of open one-bedroom, one- and two-bedroom homes ranging in size from 661 to 1,121 square feet. Homes on the “Terrace” level have expansive decks that range up to 375 square feet, providing excellent outdoor living/entertainment space.
Home prices begin at $340,000 for one-bedrooms and range up to $690,000 for a two-bedroom penthouse unit.
Home features include:
Montage’s interior finishes appear above average for this price point on the Hill. Unlike larger developments, Montage does lack somewhat with common amenities. However, homeowners will be in the center of Capitol Hill’s urban flavor - restaurants, cafes, street side retail and boutique stores, pubs, a QFC a block away and close to major bus routes.
The City’s Edge Condominiums (website) is a new, gated conversion community nestled within 4-acres of protected greenbelt just 7 miles from downtown Seattle.
The development features 45 condominiums in 7 buildings which consists of 17 one-bedroom, 23 two-bedroom and 5 three-bedroom homes. Most of the homes are corner units that range in size from 481 square feet to 1,574 square feet.
Home amenities and features include:
City’s Edge homes start from $150,000 and range up to just under $400,000 for the three-bedroom units.
The sales office is open Thursday - Monday from Noon to 5:00 PM at 11801 Ambaum Blvd SW, Burien.
Last month’s market performance figures reflected continued confidence in Seattle’s condo market. The city-wide condo median price rose to a high of $329,975, a 4.1% increase over the same period last year, reversing a two month slide. The condo inventory supply, or absorption rate, decreased for the second consecutive month while the number of sales continued to improve.
Continue reading this article at The Seattle Condo Blog -->
The West Seattle area of Seattle (Alki, Alaska Junction, White Center, Admiral, Fauntlero, High Point) has exhibited the most buoyant condo sales activity in the city. Last month's 4.1% increase in median price to $300,950 reversed a three month year-over-year decline. It also reflected the third consecutive month-over-month increase in condo values. With 109 active listings in March, West Seattle's absorption rate stands at 4.7 months.
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Located in the Belltown district of Downtown Seattle, Ben specializes in urban real estate. Ben's the author of the Seattle Condo Blog and is your expert source for Seattle's condos & lofts.
Ben's goal is to simplify your home buying and selling experience by providing unparalled service, responsive communications and expert knowledge of the Seattle urban real estate market while maintaing uncompromising principles.
To simply the process, Ben developed his Seattle Real Estate website to provide in-depth information that includes buying and selling tips/articles, demographic information, area market updates, community resources and appreciation rates. Ben primarily real estate niche urban real estate and create a consumer-focused site called The Seattle Condo Blog. Additionally, Ben also started a blog called Seattle Housing Buzz providing commentary about market trends, news and real estate technology.
To simplify property searches, Ben has incorporated neighborhood condo Quick Searches in his website. With just one click buyers can see all available condo and loft properties for a given neighborhood.
To simplify the transaction process, Ben has partnered with expert associates. Ben's team includes Title and Escrow partners, a number of lenders to satisfy his clients specific needs (first-time buyers, presales, zero-down, etc) and a transaction coordinator to ensure a smooth, stress-free process.
Originally from the sunny shores of Honolulu, Ben has lived in Seattle for the past 17 years and now considers himself a true Northwesterner. In his spare time, Ben indulges in black & white fine art photography and volunteers with the Seattle Animal Shelter as a dog walker and foster parent.
Ben volunteers and/or contributes to the following organizations:
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Ben specializes in Seattle real estate - condos, lofts and townhomes - in Downtown Seattle, Belltown, Queen Anne, Capitol Hill, First Hill, Pioneer Square, Ballard, Fremont, Green Lake, University District and West Seattle. Though Ben is an urban condo and loft specialist, he has a number of clients in South Snohomish County and have sold homes in Bothell, Mill Creek and Lynnwood.
Urban Real Estate:
A national trend is underway in many cities - Suburban Flight - a reversal of the decades long Urban Flight. With rising fuel costs, long commutes, restrictions on growth & rising housing costs, many people are moving back to the urban core. Faciliating this trend is the revival of the urban core - enticing business back to the cities, investing in civic projects, creation of pedestrian friendly urban centers and rezoning.
Ben Kakimoto and his associates, based in downtown Seattle, understands this movement and have intimate knowledge of Seattle's urban housing market. Keeping abreast of new developments and building relationships with developers, Ben and his team provides expert knowledge about buying and investing in urban real estate.
To keep home buyers up-to-date about the numerous projects underway, Ben has devoted an entire blog to profiling Seattle's Condos and Lofts. In addition to profiles of new and existing projects, Seattle Condos and Lofts includes informative articles on purchasing pre-constuction presale and investing.
Seattle's Long Trusted Company:
Ben is an agent and REALTOR associated with John L. Scott's Seattle Center Office in Belltown. John L. Scott Real Estate is celebrating it's 75th Anniversay this year and is the region's premier real estate services company. John L. Scott Real Estate is Washington's largest and most successful real estate company based on volume (Realtor Magazine, July 2006).
John L. Scott's success is credited upon the personal and trusted relationship it's agents build with their client. Ben works closely with his clients to understand their needs and requirements. As a full-service agent, Ben focuses on providing uncompromising service that his clients have come to expect.
Recently, Ben's office was selected to handle onsite sales for Vulcan Real Estate. Vulcan's upcoming projects include the Veer Lofts, Rollin Street Flats, ENSO and The Martin. Please contact Ben if you are considering investing in a Vulcan property.
Background:
Ben brings years of experience & business savvy to the real estate profession. As a former risk manager/underwriter for a major financial services company, Ben understands the importance of clear communications, fiduciary duty, respecting confidentiality and minimizing risks. As a former IT Project Manager, Ben provides experience in high-level negotiation, managing project workflow (the buying and selling process is a project), understanding different personalities and maintains a cool demeanor.
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If you're new to Seattle or a long-time resident, here are some help resources to living and working in the Emerald City:
"Ben helped to alleviate the stress by providing a thorough market analysis, explaining the process and walking through the steps and forms needed to make the purchase of a home a reality." -- Nancy K., Bothell, WA
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