Seattle Condo Blog and Community Information

The news rules proposed by Mayor Nickels are designed to make sure that new multifamily housing is attractive, sensible, and fits in with their neighborhoods, while also supporting affordable housing.”   The new rules will reduce required parking in  to one space per unit. In downtown and areas around the light rail stations, no parking is required.   The proposal is scheduled to go to Council later this summer and regulations are not anticpiated unitl early 2009.  The complete story can be found at http://www.seattle.gov/dpd/news/20080710a.asp

The Cosmopolitan was built in 2007 and located in the new and upcoming South Lake Union Area.   Unit 1611 in the Cosmopolitan building was just reduced to $499,950.  This Condo faces lake union and the space needle and comes with 2 storage units (your always looking for space in these new condos) and parking.     The unit is close to 1000 square feet in size and has one bedroom and a den

 The amentities of the Cosmopolitan building include a 24 hour concierge who keeps you abreast of activities in the area, a gracious lobby entrance, game/recreation room, business center and meeting room, a guest suite you can rent for visiting guest, and a roof-top view terrace. .

Its very close to restaurants, shopping, and freeways.

The unit itself is not on the side of the building with views blocked by new construction like many of the other units listed. It has forced air Continue Reading »

Mosler lofts is the latest new construction condo building to be hit by a lawsuit in the Seattle area.  There was an excellent story in the Seattle PI concerning details of the issues.  Many wonder what will happen to the new owners who purchased recently in the building.   Will they be able to refinance?  Will they have to pay a huge assessment?  In my experience during time of lawsuits prices of the condos decrease until it is finally settled

Mosler Lofts also has been hit with a separate lawsuit from Kroll Map Co., whose is located adjacent to Mosler lofts. The lawsuit indicates the builder did not do promised work on Kroll’s Map building.  It also failed to properly protect the building from construction related impacts.