We received an update regarding Alex in Belltown when looking into their 900 square foot commercial space this morning. Just a quick note on this spot; the boutique-friendly “boomerang” shaped 1st floor location on 1st and Bell is ready to look at offers. Interested parties may suggest a lease or a purchase of the space, and the developer is looking for the “best fit” operation for the location. With regard to the residential units at Alex, the developer has opted to pace his launch of the condominiums with an expected market upswing, in lieu of attempting to price the homes based on the limited closed sales this season so far.
The residential spaces have sheet rocking going up now, and model units are estimated to be ready in mid-summer. The Alex will be ready to take offers on residential spaces at approximately that time, but the agent again stressed that they’re not in a race to finish. It sounds as if the developer will be planning the release of these homes carefully.
At any rate, it will be interesting to finally see..something. We tried to get some images of the views, or anything at all, but still waiting to hear back. However, as long as the market continues to move forward as it has been, we may be able to start showing off their units very soon.
Everybody keeps asking, and Alex has been conveniently unavailable for comments since we all found out about it. But, it looks like Matt at Urbnlivn got the official news on what Alex plans to do with their project.
With the market being the way that it is, it would be difficult to see Alex choosing to go condo. The real deals right now seem to be in resales, while new construction costs are definitely priced at a premium. Resale listings are either meeting buyer demands on price, or being taken off the market. However, new construction projects like ESCALA have made price increases.
So what’s it going to be? Will Alex be apartments, or condos?
Address: 2233 1st Ave., Seattle, WA 98121
CONDOS FOR SALE
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With a historical inspired design, Alex is a 9-story building located in the center of Belltown on the corner of 1st and Bell. The boutique condo building features 34 homes which consists of 17 floor plans. From one-bedrooms, one-bedrooms plus dens, and two-bedrooms, condos range from 600 to 1,200 square feet in efforts to cater to all types of buyers. The upscale development also includes 900 square feet of live/work/retail space at it’s base. Developers Saltaire Construction have originally priced homes between $500,000 to $2,000,000 which includes hardwood flooring, European-designed casework, Miele appliances, and soaking tubs. Alex’s unique amenities will give homeowners various means of shared transportation, a roof-top lap pool, 2 separate decks, and a cyber concierge service for dry-cleaning, grocery delivery, and more.
- Year Built: 2009
- Number of Units: 34
- Number of Stories: 9
- Exterior: Concrete/Steel
- Parking:Common Garage
- Pets: Unknown
- H/O Dues Included: Unknown
- Common Property Features & Amenities: Concierge, Housekeeping, Lobby Entrance, Meal/Grocery Delivery, Pool, Shared Transportation, Terrace
- Belltown Billiards
- Belltown Bistro
- E. E. Robbins
- Egbert’s Furniture
- Flying Fish
- Salon Ciba
- Tia Lou’s Mexican Restaurant
- Twist Restaurant & Lounge
- Wally’s Grocery
- Wasabi Bistro
ADDITIONAL OPINIONS & REVIEWS
*Data is deemed to be reliable, but not guaranteed. In some cases, number of units may include commercial and residential spaces and/or height may or may not include a 13th floor.