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Doyle’s Deals: Penthouse in The Pomeroy
Okay, so I do like to find deals in strange places. Believe it or not, I think there may be a good deal here (I do not represent the Seller). If one looks at this is as a raw "space" deal, they are looking at a large, West-facing condo that currently enjoys sounds of the Battery Street tunnel below, but will likely someday have that noise and exhaust go away. And it seems that those elements will be replaced by a re-vitalized waterfront with likely zoning that prevents building in front of this view. So…all those should be verified, but…I think there may be something here. Yes…those are stripper poles.
View the listing details here.
MLS# 710937 | Listing Price: $1,799,500
670 New Condo Units in Belltown?!
Well, there goes the “there are no new condos coming out of the ground” argument. It looks like we can expect 335 new units by the end of 2014, with 335 more to follow if the developer feels that demand will support the supply. This underscores one of the challenges with assuming supply/demand-based appreciation in in-city condominiums; when there are empty lots around, there is potential for more supply. http://www.djc.com/news/co/12041770.html
