By The Tim on July 23, 2009
Regular readers may recall past mentions on these pages of Northshore Townhomes, an 86-unit townhome complex in my north Kenmore neighborhood. The story of Northshore Townhomes is a classic tale of bubble mania. The 6-acre parcel was purchased in 2002 for $1 million by well-known local developer Mike Mastro (via an LLC), but development did [...]
Posted in Features | Tagged developers, Kenmore, Mastro, townhomes
By The Tim on June 26, 2009
KIRO radio ran a mildly interesting piece about a spec builder in my neighborhood with especially poor timing: Local spec homes sit empty, cheap. What started as a fun project turned into a nightmare for a builder in Kenmore. Ken Youch, with Kenmar Construction, is happy to give tours of any one of the million [...]
Posted in News | Tagged builders, construction, Kenmore, KIRO, radio
By The Tim on May 15, 2009
From today’s Olympian: Housing project in foreclosure Thurston Highlands, one of the largest proposed mixed-use developments in the state, has emerged as the biggest example of how the economic crisis has had a corrosive effect on development. Through its trustee, the project’s primary lender, Frontier Bank, has started foreclosure proceedings on the 1,250-acre property after [...]
Posted in News | Tagged developers, Frontier Bank, Kenmore, mixed-use, Olympia, Olympian, Woodinville
By The Tim on March 4, 2009
In keeping with the old cliché that “all real estate is local,” let’s take a moment to look at one local market: Kenmore townhomes and condos. I selected Kenmore because it happens to be where I live, so I am pretty familiar with the area and what projects have been built over the last couple [...]
Posted in Features | Tagged condos, Kenmore, townhomes, Woodinville
By The Tim on July 1, 2008
Okay, when I saw this this morning, I just had to mention it. There’s a little 8-unit townhome complex in my neighborhood (Kenmore) that I have mentioned on here a number of times in the past. Most recently, two of the eight units were up for sale. As of this morning, four of the eight [...]
Posted in Features | Tagged anecdote, condos, Kenmore, townhomes
By The Tim on June 2, 2008
The condo battle in my neighborhood (Kenmore) seems to be heating up. In April I mentioned a nearby townhome in an 8-unit complex that went up for sale at $360,000, 20% higher than any unit in the complex has ever sold for in the past, and a mere $30k less than a unit just up [...]
Posted in Features | Tagged anecdote, condos, Kenmore
