Cristalla Assessment Simply Based on Neighboring Construction Hold-Up

The Cristalla has assessed its homeowners for water intrusion based on some open space that had become exposed to exterior elements. The empty lot had previously been going through a permitting process during downtown condo boom just a couple years ago, but was put on hold like most other proposed buildings. The residential high-rise named 2015 Second is designed to be physically attached to the base of the Cristalla building, and based on those plans the exterior of the south side of the address had no plans of delay at the time.

While homeowners seemed to have known in advance of the assessment, it has caused some challenges with lenders getting buyers approved while maintenance is under way. In the meantime, the building is doing their best to take the necessary precautions and things are expected to be settled with no outrageous concern from homebuyers or residents.

2015 Second – 2015 2nd Ave., Seattle, WA 98101

Status: Proposed: 2010
Neighborhood: Downtown

CONDOS FOR SALE

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DESCRIPTION

2015 Second Avenue will reside on the northwestern block at the intersection of 2nd and Virginia. Currently a parking lot, the proposed high-rise will be situated south of the Cristalla, and east of One Pacific Tower. Plans also show that the building will take full advantage of the city’s revised restrictions on height with 39 stories, and toping off at 400′ with an additional 40′ of rooftop screening.

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.

Intracorp Application to Potentially “Trump” Justen Co. Proposal

The Seattle Times has reported that Intracorp is having a new proposal reviewed for a taller tower at 1915 2nd Avenue. Their current land-use permit, which will expire in Nov. 2009, was approved to build a 240-foot tower. Now, Intracorp is looking to build 400′ residential tower which may prevent the Justen Co. from building their proposed hotel/condo project at 1931 2nd Ave., due to an 80-foot separation standard set by the City Council.

According to Intracorp’s Seattle president, Mike Lierman, zoning changes and current market conditions since the initial design review have given them reason to explore other options.

2015 Second Ave. Design Proposal Highlights

Previously known as the 2nd and Virginia twin towers, the developer (Justen Company) and architects (Weber Thompson) will only be focused on the north tower as a result of negotiations with the Landmarks Board Architectural Review committee. The proposal states that the 1931 Second Avenue address will be diverged to develop further strategies on preserving the Terminal Sales Annex–classified as a historic landmark.

In the meantime, 2015 Second Avenue will reside on the northwestern block at the intersection of 2nd and Virginia. Currently a parking lot , the proposed high-rise will be situated south of the Cristalla, and east of One Pacific Tower. Plans also show that the building will take full advantage of the city’s revised restrictions on height with 39 stories, and toping off at 400′ with an additional 40′ of rooftop screening.

Currently, the intersection consists of the Moore Theater (SE), the Whiskey Bar and apartments (NE), a low-rise commercial building (SW) and large parking lot (NW). With the addition of a residential lobby and street level retail, that area of downtown should liven up a bit with more pedestrians.

Plans boast townhome and work studios floor plans for the five floors above the street level.

The year posted on various sites about the project claim that construction will end in 2010, but the recent credit crunch has proven to create some curious speculations on Seattle’s real estate market. Although the high-rise presents itself as a great new addition to the Seattle skyline, it will be difficult to get excited about considering delays on the development of other projects.

As with all other condominium developments, we will be watching the proposals progress, and posting any status changes our Development Status for New Construction page.

Design Proposal by Justen Company and Weber Thompson (pdf)