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Belltown Real Estate

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The parking lot on the corner of 1st Avenue and Vine street is getting developed into apartments! As reported Tuesday by the Daily Journal of Commerce, the Schuster Group is purchasing the property with the intent to develop it for a 12-story building that will contain 132 apartments.

Keeping with the style of the greenway on Vine Street, the Schuster Group plans to include a plaza on the corner of Western, as well as winding sidewalks toward the waterfront. An upper patio will provide excellent views of Elliott Bay.

To be located at 2521 Western Ave., the new apartment building will be called the Walton Lofts, and look to be a great addition to our Belltown real estate!

Featured concept photo credit to The Schuster Group

A Vulcan Real Estate project in Belltown that was originally approved as a high-rise condo building will now be constructed as apartments, said Vulcan representatives this week.  Because of the high demand for rentals in Seattle, Vulcan switched gears and hopes to open the building in 2013.  The building, called The Martin, will be 24-stories high with 188 apartments at Fifth Avenue and Lenora Street.  For more information, please see the Seattle Times article.

Gallery Condo, the luxury condominium building in Belltown is no longer having the auction, which was set for this coming Saturday, March 5th.  Apparently, Gallery is going the way of Ebay, and instead of highest bidder, hosting a one day “Buy Now” event.  It’s first-come and first-serve available only to those who were already registered for the auction.  Eligible buyers will have a chance to preview the homes n the morning on the 5th, and the event will begin at 2:30 p.m. the same day.  In addition, buyers must bring an earnest money deposit.  For more information,  please use the contact form on www.auctionthegallery.com.

This beautiful Seattle condominium was recently rented for $3,750/mo. It is a sleek, two story corner unit features soaring 18ft ceilings, wrap around floor to ceiling windows and a large private deck, offering amazing views.  The luxury interior features warm, elegant colors and cherry hardwoods. There is a designer kitchen with granite counters and stainless steel appliances. The spacious Great Room with fireplace is perfect for entertaining (flat screen tv stays!). The 2 bedroom, 2 bathroom home has a second floor master suite with a large walk-in closet, five-piece master bath and office area/sitting room. You’ll have access to great amenities and an awesome walking score, with easy access to Whole Foods and the South Lake Union Streetcar. Please follow the link to find more downtown Seattle luxury rentals.

Satus: Rented
List Price: 3,750
Bed/Bath 2,2

Looking for a downtown Seattle condominium for sale? Do you want to purchase one at a great price? Well, Gallery Condominiums in Belltown Seattle are having a close-out auction on March 5, at the downtown Grand Hayatt. Gallery, which was built in 2008, had its first auction in September 2009. Only 25 units of the 233-unit building are going up for auction. The auction will be conducted by Accelerated Marketing Partners. The building was designed by Mithun Architects +Designers+Planners who also designed Mosler Lofts. The Gallery’s amenities include a club house, a concierge, a game room, rooftop terrace, exercise room, and guest suites. Available units can be seen daily from 10 a.m. to 5 p.m. and Thursday until 7 p.m. Please visit the website for more auction information.