Tag Archives: real estate

Those actually might be ‘condos’ after all: Conversions part of Capitol Hill condominium wave

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The Atrium at 11th and Aloha wasn’t not developed as condos — but it wasn’t exactly planned that way, either (Images: CHS)

More condominiums than you think are coming to Capitol Hill. And it turns out one key element widely reported as a throttle on condo development may not be the safeguard against building conversion that it was thought to be.

The Neighborhood Collection — a marketing campaign for a set of three new Seattle buildings including two on Capitol Hill originally developed and designed as rental housing — says its new buildings provide “a highly engaging lifestyle” where “residents will enjoy an array of amenities for gathering, unwinding and turnkey living.” The projects are currently lining up prospective buyers for “the studio, urban one bedroom and one bedroom flats and lofts” offered “from the $400,000s to more than $800,000.”

But that wasn’t the original plan. Continue reading →

SPONSORED: Solis, the most intriguing new condo building to come to Capitol Hill in over a decade

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The time has come for prospective owners to secure the kind of home on Capitol Hill most buyers could only dream about even a few months ago. The Solis condo building is ready to sign up new buyers.

“We are truly building this to be everything you think of for luxury. It just happens to be the greenest condo building in Seattle too,” Marc Coluccio of Seattle-based sustainable development firm SolTerra tells CHS.

CHS reported in August on the coming new project at 13th and Pike set to replace the old Fran’s Chocolate offices on the northeast corner with a Weber Thompson-designed six-story building on pace to be Seattle’s first ever Passive House condominium project.

This week the process begins for 45 new owners to make their claim on Capitol Hill. Solis developers are holding an Early Preview Event inside the old Fran’s building with live music, food, and, most importantly for anybody thinking about making the change from a renter to a Capitol Hill owner, more details on Solis including how to reserve a Condominium – the event is for registered guest only, for details sign up at LiveSolis.com.

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Developer ready to build two seven-story buildings on Broadway flips one in Pike/Pine for $69M

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(Image: Modera Capitol Hill)

Residents of the 11th Ave Modera Capitol Hill Apartments were surprised to be informed last week that their brand-new building has already been sold.

Just as its development to replace the Broadway Bonney Watson funeral home has received the OK from the design review board, Mill Creek Residential is getting a big wad of cash in a deal to sell another of its Capitol Hill developments. Continue reading →

Capitol Hill’s last independent service station’s days numbered as developer has deal for 15th Ave E corner

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After more than half a century of business on Capitol Hill, the Hilltop Service Station on 15th Ave E is slated to be no more. Customers have been told the station’s last day of service is coming — possibly this week.

Cadence Capital, a Colorado-based real estate and development firm, finalized an agreement to purchase the property last month, according to King County records, making the deal official and paving the way for the property to be acquired and redeveloped. Financial details and terms of the memorandum of agreement are not yet publicly available.  Continue reading →

Historic Gaffney House set to hit the market, again, at 17th and Madison leaving vulnerable residents in need of new homes

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After a previous real estate effort was put on hold, families with loved ones at 17th and Madison’s Gaffney House know this time it is different. Families are beginning the process of searching for new homes for their grandparents, parents, brothers, and sisters after being informed the small-scale assisted living facility for residents living with dementia is being closed as part of a plan to sell off the valuable property.

“My dad is there. I’m a wreck,” one family member who contacted CHS about the notice said. “This place is a savior for a dozen and a half people.”

Dave Budd, executive director of Full Life Care which has operated the facility since it opened in 2004, confirmed the notices have been given to residents and family members as part of legal requirements as the nonprofit prepares to close down the facility and its parent Transforming Age readies the property to again hit the real estate market. Continue reading →

Club Z building sells for $2.9M but no word, yet, on what comes next

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Club Z on Capitol Hill Seattle, WA

The timer is counting down at Club Z but nobody knows yet what happens when the buzzer goes off. The 112-year-old building the “private bathhouse for men” has called home for decades has been sold to a real estate investor with local ties.

The Daily Journal of Commerce reports a sale price of $2.9 million for the 1906-built hotel building that went on the market earlier this year. The sale price represents a 35% premium above the initial listing for the property

Club Z employees reached Tuesday said they could not speak about the situation and referred us to a representative who is currently on vacation.

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112-year-old Capitol Hill building home to Club Z hits market for $2.15M

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(Image: NWMLS)

A building that embodies some of the histories of Capitol Hill — including its never ceasing appetite for tearing down and building back up — is up for sale.

Here is the realtor’s description for the $2.15 million listing for 1117 Pike:

Built in 1906 this three story commercial building is for sale for the first time in almost 40 years. The Pike Building is located just above downtown Seattle in an A+ Capitol Hill location. This offers a Buyer the rare opportunity to purchase a pride-of-ownership property located only 3 blocks from downtown Seattle.

“The property offers endless potential for an investor to redevelop the property or maintain the existing use,” the marketing copy concludes. Continue reading →

Private Northwest School announces $8.6M in property acquisitions around Summit campus

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(Image: Northwest School)

The challenges of educating Seattle’s youth are daunting. But schools continue to be a growth industry on Capitol Hill.

Summit Ave’s private Northwest School announced Wednesday morning $8.6 million in property acquisitions to expand its city-style mixed middle and high school campus.

Map courtesy Northwest School

Formerly owned by Barokas Martin and Tomlinson Law Firm, the properties include land and building structures at 1422 and 1418 Bellevue, and a 14-space parking lot at 1417 Bellevue. “The building at 1418, which is in disrepair, will be deconstructed and the land converted into a ‘pop-up’ garden. In accordance with the school’s sustainability values, the materials from deconstruction will be salvaged or repurposed, whenever possible,” according to the school’s announcement. The school’s business offices, meanwhile, will move temporarily to the 1422 building.

There are bigger plans for the properties ahead. Continue reading →

Patrick J. Sullivan House hits market just in time for Hilloween

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The house in 1975 (Image: Seattle Municipal Archives)

Nearly 120 years old, the spooky Victorian at the corner of 15th Ave and E Olive St has hit the market. With an asking price of $2.2 million, the sale of the “Patrick J. Sullivan House” is clearly more about the property’s future than its once elegant past:

The home was originally commissioned by successful boilermaking businessman Patrick J. Sullivan, who owned Queen City Boiler Works in Pioneer Square. Architects Josenhans and Allan designed the home. They also designed many other prominent buildings in the area, including multiple buildings on the University of Washington campus, many historic Pioneer Square buildings, and other grand Victorian homes around Capitol Hill and Queen Anne.

(Image: CHS)

Despite the property’s recent lonely years, neglect, and deterioration, Capitol Hill-based broker Marlow Harris is looking for a buyer interested in restoration. “Today, there is an opportunity to renovate this home, bring it into the new millennium and share it with the citizens of Seattle,” she writes.

The property has never been nominated for city landmarks protections.

That lonely old house might also know a busier, more people-filled future. Across 15th Ave on the westside of the street, a four-unit rowhouse is currently under construction. Zoned for three story buildings, the Patrick J. Sullivan House land might also eventually be home to new multifamily housing.

 

 

15th Ave E QFC block has new owner: Capitol Hill’s Hunters Capital

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The “big property deal set to reshape Capitol Hill’s somewhat sleepy 15th Ave E” has gone down. For now, the quiet-er stretch of Capitol Hill commerce will stay as somewhat sleepy as ever.

“We look forward to becoming a part of this vibrant street as we value the unique retail and residential mix,” Jill Cronauer, chief operating officer at Hunters Capital said in an announcement Monday morning that the Capitol Hill-focused real estate development and property management firm has acquired the block of 15th Ave E home to QFC and a stretch of local businesses for $11.25 million. Continue reading →