A development as ambitious as it is beautiful, The Sanctuary returns to the Capitol Hill real estate market this weekend some two and a half years after its aborted first attempt at selling Seattle townhome buyers on living in an “oh my god expensive” overhauled 1906 church.
A public preview of the property at 16th Ave and E Denny Way continues Sunday from 11a to 6p. Sales begin January 28th.
In the intervening years since it first debuted, the project has passed through tumultuous financial struggles that saw the creative partners behind the original project displaced by the bank they borrowed millions from to complete much of the construction on the project.
In July, CHS reported on new developers taking over the project with a plan to bring the 12 units back to the market — this time with steep price reductions and with solutions for some of the stubborn but amazing preservation choices the original developer had intended.
A price list for the 12 units has not yet been posted on the project’s sales site by Realogics and Sotheby’s, the groups handling the sales. Promotional copy from Sotheby’s stated the units would be “available for reservation up to 40% below previous list values.”
The units first listed between $799,000 and $1,575,000 in 2009.
A recent tweet by real estate agent Ben Kakimoto indicated that things seemed to be going well with the new price levels: “The Sanctuary preview weekend is hopping… Over 200 people through and according to the sales staff…8 reservations so far.”