Uncategorized July 30, 2012

More Detail on Proposed Ubran Growth in downtown Seattle

More details emerging (thanks to the Puget Sound Business Journal) on a proposed developed by the city of Seattle, King County and Forterra, a nonprofit formerly known as the Cascade Land Conservancy.

From PSBJ:
"A proposed program would make developers buy development rights for farms and forests; in return, developers would be able to build bigger buildings. If they buy the rights, that protects the farms and forestlands from development.

The draft requirement would be in addition to current rules requiring developers to support affordable housing and child care in the area if they want more space."

see: www.facebook.com/thriveSeattle for a map of the proposed boundaries
Uncategorized June 8, 2012

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