Olive 8 – Your chance to own a piece of “The Sky”

Realogics Sotheby’s International Realty became Olive 8’s new listing agent on January 1^st, and it is open for business!  Dubbed “The Sky Collection”, up for sale at Olive 8 are homes located from the 27^th floor and up. Tap on this Olive 8 link to check out a five-minute video with author and syndicated columnist Tom Kelly.  He examines the new condominium development market in Seattle, specifically focusing on this exciting property.  

The video also refers to the amount of new condominium homes available in the Seattle area, and below is a copy of the graph as referenced by Dean Jones, Principal and Owner of Realogics Sotheby’s. 

Courtesy of Realogics Sotheby's International Realty

Note the amount of available condominiums in orange, in comparison to the number of condominiums that were converted to apartments (apartment conversions) in green. As a result, Olive 8 represents 25% of the available new condo market.*

Olive 8 is a 39-story luxury hotel/condominium building on the corner of Olive Street and 8^th Avenue in downtown Seattle. Atop 17 floors occupied by the Hyatt at Olive 8 hotel, it includes one-bedroom and two-bedroom luxury view homes, plus three world-class penthouses. Your new home at Olive 8 will boast panoramic views and high-end touches, combined with world-class hotel amenities and services. Better still are special privileges for homeowners including private elevators and controlled access, a 24-hour concierge, a private residential club lounge and discounted rates at Elaia Spa.

Fans of green living are in for a delightful surprise with Olive 8, the first hotel/ condominium building in Seattle to receive an LEED Certification (Silver)!   Its green roof, one of the largest in Seattle, provides an urban habitat for birds, bees and butterflies while reducing storm water runoff to city sewers. Olive 8’s dedication to the environment also results in 36% less water usage (approx savings of 2.4 million gallons annually) and 23% less power usage.  

Olive 8’s environmental stewardship also reaches far beyond its walls. It was the first Seattle building to participate in King County’s Transfer of Development Rights program. In exchange for building higher, developer R.C. Hedreen Company contributed nearly $1 million to preserve 284 acres on Sugarloaf Mountain in rural King County, as well as vital salmon habitat.

We’re busy retooling our own websites for the new Olive 8 opportunities.  In the meantime, you can stay in touch on the latest Olive 8 news, or schedule a private tour with us by contacting this Stroupe Group link.   

*Units are identified as being sold as a non-refundable earnest money deposit (pending) or closed.  Please note that title reports are often late with real time information and often show fewer homes sold than actual.