Dozens of Prospective Buyers Formed a Line Prior to Opening of NEXUS Sales Center; Some Camped Out Overnight
Representatives of Burrard Group and Realogics Sotheby’s International Realty (RSIR) confirmed today that they have sold all 28 City Suites released at NEXUS Condominiums during the Encore Sales Event held on November 18th. Prospective buyers began forming a line at the NEXUS Sales Center at 4:30pm on Friday, November 18th – more than 18 hours prior to the doors opening at 11am the next morning. Initially, Burrard Group said it would offer 16 newly released homes located on floors 28 through 35, however prospective buyers that were patiently waiting in line learned of a special surprise release – an additional 12 City Suites on floors 3 through 6 were also made available. Overall, the 28 homes ranged in price from $340,950 to $667,950 and comprised of a mix of studios and urban one-bedroom floor plans varied from 354 sq. ft. to 498 sq. ft. The new offering was a result of disassembling a larger floor on the higher floors and making available studio units located in the above grade parking structure of the building, which will be accessed across the drive isle. Optional parking was sold for $75,000.
NEXUS–City Life. Evolved. Downtown Seattle’s next generation high-tech, highrise. Concierge, co-working, fitness center, dog run/lounge, great rooms, exhibition kitchen, sky bar, roof terrace, Sky Club and more. Renderings and photos of model typical.
Market Experts Array Pent Up Demand for In-City Homeownership; Downtown Seattle Condo Prices Surge 33%
Representatives of Realogics Sotheby’s International Realty and Burrard Group announced a major milestone in the development of the 41-story NEXUS Condominium Tower today as it begins a vertical ascent towards completion in fall 2019. With excavation now complete, SKANSKA, the general contractor for NEXUS, has poured the foundation mat, which comprised of 3,900 cubic yards of concrete and measures up to twelve feet thick.
Three panels lead engaging conversation around Seattle’s multifamily industry and its future
As our city skyline is scattered with cranes, BISNOW hosted nearly 200 registered members to discuss Seattle’s multifamily climate; specifically, its affordability, sustainability, and community design. Held at the Westin Seattle, three panels spanned a variety of topics, all relevant as the city experiences unprecedented population growth, construction costs, and housing demand.
Market Experts and Brokers Discuss Urbanization Trends and the Condominium Conundrum
Things are looking up, Seattle! That’s the clear consensus of market pundits tracking the extraordinary growth of jobs, population and development into 2020 and beyond. Nowhere is this growth more evident than in downtown Seattle. These were just a few of many findings during the October 23rd meeting of the FutureCast Forum held at the NEXUS Sales Center – a new, 41-story condominium tower that is rising in the northeast corner of city. Members of the FutureCast Forum include industry leaders in design and development, real estate appraisals and economics, wealth management and investment, mortgage lending, retail and lifestyle trends. Each contributor offers a unique perspective on how our city is growing into the next decade and rapid urbanization is the common thread.
Over 50 Realogics Sotheby’s International Realty (RSIR) brokers and clients gathered on Monday afternoon for a FutureCast Forum VIP Broker Recap Event, which was held at the NEXUS Sales Center by invitation-only.
As part of their revolving monthly forum, founding members Brian O’Connor (O’Connor Consulting Group), Brian Evans (Madrona Financial Services), and Dean Jones (RSIR) kicked off their inaugural broker panel discussion with a focus on the downtown Seattle housing market, with an emphasis on the effects of job growth, empty nesters downsizing, and the additional draws of downtown living. The conversation was particularly relevant, as the event was hosted in the Sales Center for NEXUS, the only condominium project expected to deliver with occupancy in 2019.
In a recent article on Seattle Times, Mike Rosenberg sat down with Reddit to discuss what’s happening with “Seattle’s sizzling-hot housing market,” from rent hikes and growing home prices, to the condo imbalance and the influence of the tech industry.
According to NWMLS data for September, downtown Seattle values are skyrocketing as the median home price for in-city resale condominiums increased a staggering 35-percent year-over-year. The sharp increase in value is indicative of Seattle’s continued struggle with population growth, rising real estate prices for both renters and buyers, and a supply and demand imbalance with little relief in sight.
Market Experts Opine About the Region’s Meteoric Future as a Global City on the Rise
Scores of guests assembled at MG2 Architecture in downtown Seattle during an evening reception on September 28th about the future of the Seattle and Bellevue metro area in the next decade. The town hall-like event was a continuation of provocative conversations started during the BISNOW “State of the Market” event hosted earlier in the week, which was attended by more than 400 industry stakeholders and local media.
Following a recent visit to Seattle, May Lee, a reporter with CGTN and a US-based affiliate of China’s CCTV, reported on the city’s tremendous growth rate, highlighting that big businesses are fueling the upward trend. Lee met with local market leaders to explore the latest activity in Seattle in a tour that included conversations with city leaders and a presentation by Terry Bendrick, Vice President of Burrard Group, at the NEXUS Sales Center.