Comments on: Escala’s Club Cielo is Now an Amenity

By: Escala Condos; Moving Forward | UrbanCondoSpaces

Escala Condos; Moving Forward | UrbanCondoSpaces — Mon, 03 May 2010 21:23:55 +0000

[...] reported yesterday by Stroupe, the on-going changes at Escala now include a very different strategy for Club Cielo. In general, [...]

By: Escala Condos; Moving Forward | UrbanCondoSpaces.com

Escala Condos; Moving Forward | UrbanCondoSpaces.com — Tue, 09 Feb 2010 21:50:47 +0000

[...] reported yesterday by Stroupe, the on-going changes at Escala now include a very different strategy for Club [...]

By: Stu

Stu — Tue, 09 Feb 2010 18:11:26 +0000

As much as I like the development, their timing is terrible. Projects like Enso and 1521 have grabbed a lot of the buyers who might have been considering Escala over the past year. I don’t think there are enough high end condo buyers in Seattle to fill the building in a reasonable period of time.

Look at Olive 8, which is generally less expensive than Escala and is still 75% unsold a year after opening, averaging a couple of sales a month.

Of course, it all depends on how deep Escala cut prices. If they get down to Gallery type pricing in the $400 per sf range then perhaps I will be proved wrong.

By: Sam DeBord

Sam DeBord — Tue, 09 Feb 2010 17:54:08 +0000

Great update. The 0.79/sq ft was a big drawback for one of our clients earlier. It was a disjointed sales process with the club included. Looking forward to the new pricing.

By: Jeff Reynolds

Jeff Reynolds — Tue, 09 Feb 2010 01:08:41 +0000

Great post. I also hope for a successful transition for the project. I think they are off to a great start. There are still plenty of rumors flying around however. I hope the new team takes a pro-active approach to being more transparent. It will ultimately benefit everyone.