2700 Elliott Second Design Guidance Meeting in August

The Schuster Group has not been tough to get a hold of in regards to their future 120 residential unit/2,000+ square foot project next to the Bellora at 2700 Elliott.  There is a informative 22-page Early Design Guidance pdf with more information about the proposal.  We posted their first design review back in the beginning of June, and have referred to the project as Bellora 2.  However, the only reference to the project being called Bellora 2 is by hearsay, and it’s looking like this project will just be just called 2700 Elliott.

There appears to be some minor changes The Schuster Group has had to make, based on suggestions made by the downtown Design Review Board. These include better lighting, better use of outdoor spaces, and developing the alley facade.  But, the most exciting thing about this is that the market is moving again.  The Schuster has also announced they have closed a $40 million investment fund in June.

Bellora 2 is Definitely Maybe Back!

An exciting Land Use Notice from DPD recently sent a notice of design review for 2700 Elliott Avenue, which has been referred to in previous rumors as Bellora 2.0.  The only information about the project that can readily be found is that for whatever reason, the project called for previous redesign/permitting. Below is the most recent information.

PROJECT DESCRIPTION
The proposal is for a new 13-story condominium building with approximately 120 residences and approximately 125 below-grade parking stalls. Street frontage on Elliott Avenue and Cedar Street will include small retail/commercial spaces. Project includes demolition of existing buildings.

PROCESS
The applicants have applied for Design Review related to development of this site.  At the early design guidance meeting, the applicants will present information about the site and vicinity.  The public may offer comments regarding the design and siting of the subject location; and, the Design Review Board members will also offer comments and identify those Citywide Design Guidelines of highest priority in developing the site.

MEETING
Date:               Tuesday, June 23, 2009
Time:              5:30 p.m.
Location:      Seattle City Hall
Boards and Commissions Room L280 600 4th Av / 601 5th Av
(You will need to use the 5th Ave entrance after 6 p.m. If the doors
are locked, press red door button south of doors for the
security guard to gain access. Use center elevator to access L280)

However, there are some interesting sources leading us to believe that the project may be a whole new concept altogether.  In fact, the name Bellora 2 could very well be nothing other than a rumor itself.

Urban Condominiums is a longtime owner of the site, and lists the project under “Elliott Avenue and Cedar Street”.
http://urbancondominiums.com/view/26792/

Back in May 2008, The Business Journal reported that the Schuster Group plans to develop at that address and build something similar to their award-winning Mosler Lofts.  The article does state that they’ll be waiting a few years before  beginning, but it does appear that the team involved is one different than that of the original Bellora–leading us to believe that the project will more than likely not be named Bellora 2.
http://www.bizjournals.com/seattle/stories/2008/04/28/daily28.html

…maybe another one of our blogger friends may have more information about that.  We have placed in a call to Schuster and confirmed they are in fact involved with the project, but waiting for a return call to gather more information.

The Bellora itself is quite arguably one of the most quality-constructed condominium buildings in Belltown.  The award winning Mosler Lofts is also an impressively built address, almost a comparable upgrade of Bellora in regards to overall construction.  Based on what little information is available, we’re very excited to see renderings and review more details about the project.  It’s certain to be another boutique-like building.

And, since we’re on the subject of the Bellora, you might as well check out our Bellora listing since you’re here.  It’s only a click away.

Mosler Lofts Getting Soaked in Legal Disputes

A puddle of lawsuits have been reported in the P.I. since we last posted about the $6.7 million lein on Mosler Lofts last week. A battle between who’s responsible has erupted between JE Dunn and the Schuster Group. The Schuster Group has responded to JE Dunn claiming that they (Dunn) were in breach of contract for substantial and costly delays.

Additionally, more liens on the property have flowed over to subcontractors and suppliers.

In its lawsuit, Belltown Development Partners says it paid JE Dunn for subcontractors’ work and materials suppliers furnished, but Dunn did not pass on the money.

If that wasn’t enough, another lawsuit filed in December is asking the developer for a minimum of $325,000 to repair damages to the Kroll’s Map Co.–Mosler Lofts neighbor. The claim is asking to compensate Kroll’s for lost business and physical damages from not properly protecting the building during construction.

Unfortunately, it doesn’t look like anyone will be swimming out of this one anytime soon.

Mosler Lofts – 2720 3rd Avenue, Seattle, WA 98121

Address: 2720 3rd Ave., Seattle, WA 98121
Neighborhood: Belltown

CONDOS FOR SALE

Here you can find all active listings at Mosler Lofts. If your dream condo is not listed, sign-up to be instantly notified by email.

Sign-Up to receive an instant email notification of new Mosler Lofts condos for sale as soon as they hit the market. Membership also includes a monthly review of all activity for this building.

DESCRIPTION

150 eco-friendly lofts on the corner of 3rd Avenue and Clay Street. Known for it’s high quality properties, Mosler Lofts was created by local developer The Schuster Group. Architect was reknowned Mithun Architects + Designers + Planners. This is also another of Seattle’s first condominium developments to be “built green” and receive the LEED Silver Certification. In addition to using less energy and knowing the majority of construction waste was recycled, Mosler Lofts also features a plant-covered “green” roof, non-toxic, recycled materials and energy-efficient mechanical systems. Floorplans range from 500 to 2,000 square feet and boast high-ceilings in each of the New York loft-style homes including 2-story townhomes. Originally priced from the mid $200’s to $1 million.

PICTURES

VIDEO

BUILDING DATA

• Year Built: 2007
• Number of Units: 150
• Number of Stories: 12
• Exterior: Cement/Concrete, Brick, Glass
• Parking: Common Garage
• Pets: Subj to Restrictions
• H/O Dues Included: Central Hot Water, Earthquake Ins., Garbage, Water/Sewer
• Common Property Features & Amenities: Cable TV, Club House, Disabled Access, Elevator, Exercise Room, Fire Sprinklers, High Speed Internet Available, Lobby Entrance

NEIGHBORHOOD BUSINESS

• 1st Denny Market
• 7 Eleven
• 76 Station
• All You Knead
• Belle Harbor Cafe
• Car Toys
• Crescent Arms Dry Cleaning
• Lighting Supply
• Rite Aid
• Mira! Restaurant & Lounge

VIEW NEIGHBORHOOD MAP

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.