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Late June in 2017, the first expansion of Pike Place Market in 40 years, the MarketFront, opened. Producers Hall and the Pavilion that rises above it is one section of that complex. On a cool, overcast winter day here in Belltown, this is a look at this building:

The newer Producers Hall & Pavilion is just west of the original Pike Place Market (on right in photo). The yellow Joe Desimone Bridge connects the old & the new.   The north end of Producers Hall and the 2nd floor Pavilion that rises above it. In warmer, busier months, the upper Pavilion will provide additional space for farmers and craft vendors. It is partially enclosed at this time of year, with glass somewhat sheltering guests walking through from Elliott Bay winds.

Distinct market pig hoofprints imprinted in the sidewalk next to Producers Hall. Three businesses, at the far end of the block in this photo, now occupy the hall: Honest Biscuits, Old Stove Brewing, and Indi ChocolateLittle Fish restaurant will be arriving in the future, in a different section of the hall.
Above right: Indi Chocolate factory and store. Inside the east entry to Producers Hall.

Inside Producers Hall.  Honest Biscuits (left), Indi Chocolate (in far back at center) and Old Stove  Brewing (right) share an open floor plan which looks out over the waterfront. A quiet winter weekday.

The Pavilion on the 2nd floor above Producers Hall.  The left photo is looking south, the right photo is facing north.

All photos:  Alethea Myers

In  August 2016, the sales price per unit on downtown Seattle condos increased an incredible 31% over the previous month. According to the Urban Condo Spaces site, condo units sold, on average, in 17 days, possibly driving the number of buyers making offers sooner, due to the short turnaround. The highest price unit was on the 39th floor of Insignia Towers (see photo) and sold for $2.8 million.

Although the Seattle Times reported that 30-year fixed mortgage rates recently rose 3.46%, mortgage rates still remain at a historically low level. Depending upon the circumstance, this may be good news for buyers as well.

Developers base their projects on demand, comparing what’s charged per square foot to costs and timing needed for construction. Since the average sale price per unit in July rose from $755,828 to $993,320 in August, the condo building boon will most likely continue for some time into the future.

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