Insignia has made some recent updates in releasing new renderings. Their website has just been a 2 page site for a few months now, but after a visit today there has been significant updates. Renderings show examples of a “Living Wall” with ivy vines which well be featured on the corner of Bell and 5th that contribute to Seattle’s “Green Streets” program, a view of the monorail on 5th, the rooftop garden, the fitness center, pool, fireplace/BBQ area, SkyLounge, and amenity floorplans.
Status: Proposed: 2011
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Insignia raises the bar on all aspects of downtown Seattle living. Comparable to living in a five-star resort, Insignia turns leisure into luxury with an expansive array of amenities that cater to every modern indulgence. Insignia will boast Seattle’s most comprehensive amenities program. An extensive array of private facilities is consolidated on the expansive 7th level including an outdoor courtyard garden, an indoor pool, a spa, screening room and lounge areas. Creating an open and lofty ambience is the 8th level mezzanine area, complete with fitness center, wine-tasting room, library and more. Atop each tower lie Insignia’s two incredible 41st floor SkyLounges. These spectacular spaces featuring four outdoor decks, games rooms, wet bars and full-sized kitchens with conversation bars, enclosed in floor to ceiling windows for 360° panoramic views of the city, Puget Sound, Elliott Bay, Lake Union and the surrounding mountains.
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.
Another developer is being reported in the Seattle P.I. as putting off construction of another expected high-rise due to a market slowdown. It seems as though every week, sidelined buyers are limiting thier choices to what to choose from by not making any offers. Both the European Tower in Bellevue, and Insignia Towers development in Belltown have officially announced their reason for delay as a result of a market slowdown. 1 Hotel has announced a delay in construction so they can redesign the project to make it more appealing to lenders.
Again, this brings up an issue of rising rental rates and population boom.
An underlying message the media and many industry professionals are trying desparately to share is that if projects continue to be delayed, and our job market continues to bring more people to the northwest, a limited amount of real estate investments will become virtually unaffordable for picky buyers who think prices will go down any further.
ESCALA still plans to increase their prices by 3 to 7 percent on June 5th, and many Realtors are telling more and more of their sellers to be patient rather than accepting low-balled offers.
The “no more beating around the bush” message is; BUY, BUY, BUY!
Architects Perkins & Company from Vancouver Canada will be designing two 41-story residential towers that are expected to start development this year. Insignia will by located on the city block bordered by Bell and Battery Streets and Fifth and Sixth Avenue (map). Insignia is the ultimate in prestige living complete with renowned Embassy craftsmanship and offers striking views of majestic Mt. Rainier, Elliot Bay, Lake Union, Seattle Center and the Downtown Skyline.
An all-inclusive downtown lifestyle awaits as Insignia boasts private amenities unheard of in today’s market. Experience the luxury of Insignia’s social lounge complete with catering sized kitchen, private wine tasting room, state-of-the-art screening room, library, and billiards room. Work out in Insignia’s top-of-the-line fitness facility including indoor pool with whirlpool, steam room and sauna. Entertain your friends at the outdoor barbecue and fire pit located on the landscaped elevated courtyard, or move up to the 41st floor ‘sky lounge’ complete with bar and indoor/outdoor lounge areas.
Sales are anticipated to commence Spring of 2008.