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Seattle's Seattle's Portrait HOME GARDEN TRAVEL AND LIFESTYLE MAGAZINE PortraitTM MAGAZINE ™ OF SEATTLE Volume 39 Volume PORTRAIT TM OF SEATTLE 41st Floor Sky Lounge HOME GARDEN TRAVEL + LIFESTYLE HOME GARDEN TRAVEL fresh42 ideas for your kitchen + ’ COLOR INSPIRED SEATTLE S DESIGNS NEW ERA OF CONDOS MERCER ISLAND MODERN by Architect Regan McClellan NW PEAR HARVEST IN-CITY RESORT PEARS, CHEESE & WINE Discover NEXUS – downtown Seattle’s next generation, high-tech high-rise condominium offering voluminous residences, panoramic vistas and more than 25,000-sf of interior and exterior amenities unlike any other. The future is coming. The opportunity is now. FINAL SALES EVENT (90% SOLD) – Choose from two and three-bedroom flats and two-story Sky Lofts (1,142 - 2,136-sf) priced from $1.2 million to more than $3.4 million. Occupancy Fall 2019. SALES CENTER + MODEL HOME 2609 1st Avenue, Downtown Seattle Open Daily 11am - 5pm (or By Appt.) PortraitMagazine.com BC&J ARCHITECTS NEXUSSeattleCondos.com | 206.801.9220 DISPLAY UNTIL 03/31/18 $5.95 US Offered by 1200 Howell Street LLC. Views and artist renderings approximate. BAINBRIDGE ISLAND DREAM HOME Seller reserves the right to change the product offering without notice.E&OE. 39SEA 000 Cover Siegel.indd 1 1/5/18 2:30 PM SPECIAL SECTION l REAL ESTATE FORECAST RIGHT Modern high-rise amenities include top floor common areas to draw residents together high above the city below. Courtesy Burrard Group Group Burrard Courtesy Courtesy Burrard Group Group Burrard Courtesy SEATTLE’S NEW ERA OF CONDOS SEATTLE IS OFFICIALLY THE ABOVE Urban attractions like Purple Café (pictured) in downtown Seattle and next Ristorante Tulio photo courtesy FASTEST GROWING generation designs and amenities are drawing a diverse number of city dwellers. LARGE CITY IN THE NATION If you’ve been anywhere near down- Millennials finally ready to transition to progressive architecture and an ver B.C. were growing vertically in the town Seattle the past few years, you’ve from renting to home ownership have incredible array of enticing amenities, ‘70s and ‘80s, traditional family homes probably noticed the cranes. It’s spurred a condo comeback drawing from onsite co-working spaces to still dominated the Seattle housing officially the fastest-growing large city upon many international influences. pet-friendly floors with dog parks and market. It wasn’t until the ‘90s that the in the nation, and there are more active Vancouver-based Burrard Group, the outdoor play spaces. first presale condominiums started to developments in Seattle than any other developer of the 41-story NEXUS Dean Jones, Principal and Owner at hit the Seattle market, mostly in the city in the United States. And, while the Condominium tower may be building Realogics Sotheby’s International Belltown neighborhood. Those sold for office and hotel markets are definitely a harbinger of what’s to come. “Seattle Realty confirms Burrard’s vision is around $300 to $350 a square foot; hot, most of them aren’t working on is following similar urbanization trends spot on because today’s professionals today, they’re trading at three to four commercial projects; instead, they’re we experienced in both San Francisco would rather live and work in the same times that value, despite being older residential constructors. The vast major- and Vancouver, albeit it’s taking shape neighborhood. “People are exhausted properties, demonstrating just how ity are high-rise apartments (94-per- much quicker,” said Christian Chan, with commuting,” says Dean. “Urban desirable urban condominiums have NEXUS is transformative cent of the estimated 27,000 housing Executive Vice President of Burrard centers are where you find the most become. Offering some perspective— “ in the Seattle skyline units being added to the skyline this Group. “Our success with NEXUS abundant jobs, a dynamic social life, luxury condo values in San Francisco “ because it’s not decade is for rent and not for sale). So, presales suggests our offering is rich culture, diverse entertainment, have frequently crossed $3,000 per sq. just another place to with demand to own rising quicker resonating with the market.” preferred retail shopping and all the ft. (about twice that of Seattle) and new live but truly a than supply, it’s of little surprise that These new-class condos are a far cosmopolitan attributes people value developments in New York City can different way to live. condo prices are climbing. cry from the drab, builder’s-beige now – it’s all about time management reach $10,000 or even top $12,000 A sudden population boom, an increas- properties from the Frasier era; instead, and impromptu opportunities.” per sq. ft. Blaine Weber, Principal ing desire for in-city attractions, and technological advances and contem- Seattle hasn’t always been a condo The skyward trend in Seattle was fueled Weber Thompson Architects a tidal wave of affluent tech industry porary lifestyle needs have given rise town. While San Francisco and Vancou- by new zoning laws passed in 2006 Rendering by Weber Thompson. Developer: Burrard Group PortraitMagazine.com 67 066-081 SEA39 Sotheby Condos.indd 66 1/3/18 4:41 PM 066-081 SEA39 Sotheby Condos.indd 67 1/4/18 4:46 AM CLOCKWISE With a walkability score of 73% Downtown Seattle is one of the most vibrant and scenic cities for shopping and supporting local business. BELOW AND LEFT The London Plane is a one-stop haven for downtown residents. visitseattle.org Urban centers are where “you’ll find the most abundant LUXURY VIEW CONDOMINIUMS jobs, a dynamic social life, rich culture, diverse Group Burrard Courtesy Experience 200-degrees of spectacular vistas of the skyline, Elliott Bay entertainment, preferred retail shopping and the and Olympic Mountains. Discover just eleven condominium estates now cosmopolitan attributes that “ under construction offering one and three bedroom homes ranging from people value now – it’s all about time management and 885 to 2,128 square feet with outdoor living spaces. Enjoy floor-to-ceiling impromptu opportunities. Courtesy Burrard Group Burrard Courtesy windows, Northwest Contemporary design, uncompromising quality, Dean Jones, President & CEO Exclusive to building apps are being integrated with new Realogics Sotheby’s International Realty condominium offerings to help activate the community, and a matchless bayside location just moments from the West Seattle schedule residential services and manage home technology. Water Taxi with convenient access to all that downtown Seattle offers. that permitted buildings on smaller, slice of this burgeoning “East Village” into the building,” says Billy Mainguy, ownership with a purchase for another infill development sites that were taller neighborhood drew line ups (even Vice President of Strategy for Burrard year,” adds Dean. Now, these young and more slender than previously overnight campers). By the end of the Group. “Our hope is that residents find tech startups are moving into middle allowed. After the recession, the market weekend 70% of its 389 units were a couple of extra hours a day to pursue management, enjoying stock options, Now Preselling from Below $900,000 to More than $2.3 Million | ThePinnacleAtAlki.com cycle shifted exclusively to apartment presold—even though residents won’t other passions such as family, wellness getting married, and settling down— buildings as skittish, relocating resi- be able to move in until mid-2019. or the arts.” Millennials do comprise and they’re looking to preserve the 1118 Alki Avenue SW, West Seattle | Occupancy Fall 2018 dents opted to rent instead of buy (and BUYER’S DESIRES an important segment of demand for best parts of their urban lifestyle while skittish banks saw apartments as less So, who’s buying these condos? Young, urban condos, especially now, as many taking advantage of the tax benefits risky than built-to-sell condominiums). affluent tech workers aren’t the whole settle into their careers and decide and equity gains (especially now) that DAVE JANSSENS | 425.785.7432 Many Millennials had watched their story. Many empty nesters also find the they’re finally ready put down roots. It’s goes along with home ownership. been a long road for these consumers, REALOGICS SOTHEBY’S INTERNATIONAL REALTY parents or older siblings grapple with “lock and leave” lifestyle immensely RESORT-STYLE LIVING the fallout of the credit crunch and appealing, especially after decades many of whom have been in Seattle Many of Seattle’s next generation hit pause on home ownership. Today, of long commutes and weekends for years and opted to rent, rather than condominiums boast a array of GARY STEPANIANTS | 206.229.4330 however, that pendulum has swung of home maintenance. “There’s a buy, while exploring highly dynamic amenities, including some that are fully in the other direction, and the liberation that comes with adopting careers in a new city. RE/MAX NORTHWEST REALTORS truly cutting edge. Drawing on trends pipeline of condominium develop- the high-rise lifestyle, where many “Millennials are notoriously nimble from the hospitality industry, Burrard ment is now rebooting. That’s a good of these types of responsibilities are consumers and in some ways, they’ve Group started with an idea of how thing, because consumer enthusiasm addressed for you — either by building paid a convenience fee to keep their comfortable and seamless urban living seems to be at an all-time high. When design and amenities, the property options open as prices rise around could be, and then used a generous Offered by 11 @ Alki, LLC. Seller reserves the manager or 24 hour concierge and right to change the product offering without notice. Burrard Group introduced NEXUS in them — signing a 12-month lease allocation of common areas and Views, renderings and square footages approximate. E&OE. March 2017, the opportunity to own a now technology that we are integrating costs more than the rent if delaying technology to reverse engineer that PortraitMagazine.com 69 066-081 SEA39 Sotheby Condos.indd 68 1/3/18 4:41 PM 066-081 SEA39 Sotheby Condos.indd 69 1/3/18 4:41 PM SEATTLE’S CHANGING SKYLINE Seattle is following similar “ urbanization trends we experienced in both San Francisco and Vancouver, albeit it’s taking shape much quicker.
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