Stalled Development Map Update, Developments in Foreclosure

Just a quick update on the Seattle Bubble interactive stalled / slow development map.

So far readers have contributed 48 stalled and/or slowed residential developments in the greater Seattle area. The greatest concentration by far is in the Bothell area, which may be due primarily to the fact that that’s where a few especially prolific contributors live (including myself).

Again, anyone can contribute to this map, just load it up in Google and add the stalled / slowed residential construction sites (SFH or condo) near you.

In related news, Eric Pryne over at the Seattle Times has a story up today about one of the larger stalled developments in the Bothell / Kirkland area that has been foreclosed on: Seattle-area homebuilder losing projects to foreclosure .

One of the Seattle area’s most prominent homebuilders has lost most of one new Eastside housing development to foreclosure, and expects to lose another big property.

Most of Conner Homes’ upscale, partly built Bentley subdivision in Bothell was sold at auction last month after the company defaulted on a $24.8 million loan, county records indicate.

Another auction has been scheduled in October for 35 acres Conner owns and once planned to develop in North Bend. The builder hasn’t made loan payments on that land since at least December, according to a foreclosure notice filed with the county last week.

For anyone interested, I pulled the foreclosure notices off the King County Records website. Here’s the foreclosure notice for the Bothell / Kirkland development (pdf), and here’s the one for North Bend (pdf). I guess someone forgot to tell Conner Homes that the bottom was in February.

Below is the current stalled development map. Please feel free to keep adding to it. FYI, I’m planning on doing a bit of a redesign to the site in the not-too-distant future, after which features such as this map will have a more accessible permanent home.


View Stalled/Slow Seattle Construction in a larger map

0.00 avg. rating (0% score) - 0 votes

About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.

42 comments:

  1. 1
    Acerun says:

    At least now I know where Lavender Cleaners is!

  2. 2
    The Tim says:

    RE: Acerun @ 1 – Heh, I think there may have been a few people that somehow accidentally stayed in edit mode on our map as they did their own personal searches. I’ve been trying to catch those and clean them out. I’ve deleted the Lavender Cleaners entry.

  3. 3
    masaba says:

    There is an 8-pack of new townhomes on the NE corner of Stone Ave N and N 88th in Seattle that has been stalled for about 9 months.

  4. 4
    joe dirt says:

    Wonder what will happen to that Barbee Mill project next to the Seahawks facility, which are million dollar duplexes in Renton. Isn’t that Conner?

  5. 5
    Softwarengineer says:

    ENVIRONMENTALLY, TIM’S MAP IS HORRIFYING

    Look at all the developments our county “growthfriend” planners allowed into the tree flattenning and greenbelt destruction phases in the name of adding local government positions with more property tax revenue projections and betting on a bubble greed with no end…

    Its very sad for our area and irreversible for decades to replace all the mowed down evergreens, wetlands and wildlife habitat we used to have; all in the name of wannabe greed gone down the toilet. Our local governments should hang their collective heads in shame for approving these “roads to nowhere”. Where’s the old fashion Democrats I was mostly raised with in the past that supported REAL environmental planning and weren’t run by corporate lobbyists just out to build voter blocks with population profit [that blew up in their faces…LOL]?

    I’ve lived in the Seattle area all my life and watched the local salmon go extinct, along with the old growth and park lands [the Orcas is next]….Hades, you can’t even get a camping spot in Washington this summer unless you reserve it a year in advance….hotels are another opposite problem, they sit half empty and rerservations aren’t needed during this depression, Priceline will get you a room for $30….LOL

  6. 6
    mukoh says:

    RE: Softwarengineer @ 5 – Blah Blah Blah Blah, if people need places to live, it is either trees or homes. All this earthie talk of how “LOCAL HABITAT FOR SALMON ARE BEING DESTROYED” is a joke.

  7. 7
    Softwarengineer says:

    RE: mukoh @ 6

    PEOPLE DIDN’T NEED A PLACE TO LIVE ON TIM’S MAP

    That’s why they’re bankrupt and unnecessarily empty mowed down fields/forrests.

    And if you think Earth Day is a joke; you’d have a bone to pick with JFK, MLK and even Richard Nixon…..but these guys were all a bunch of buffoons….let’s keep adding more and more that we can’t pay for, let alone provide jobs/food for….you apparently really got brainwashed good by Newspeak “Growthfriend”….I don’t think you’d argue with me that “Growthfriend” caused our current depression…..but that doesn’t matter, either does the environment?

  8. 8

    I know of several in the Issaquah Plateau area. One off Issaquah-Fall City road, just past Highlands Drive, the other in nearby Highland Terrace neighborhood. Another is a spur off of Klahanie or Hunters Ridge. All have some houses built, some occupied, some not, with additional lots cleared and prepped but with no houses on them, been like that for months. Not sure how I would get additional info about their specific situation. There are others too, that I can’t think of at the moment, but yeah definitely some more in the area. I will try to check them out tonight and mark them on the map. Meanwhile, prices are falling but PAINSTAKINGLY slowly, not sure how much longer I can hold off the wife! Hopefully by next spring/summer, most of the damage is done.

  9. 9
    mukoh says:

    Softie,
    You talk about these habitats and etc., that were ruined, can you name at least 3-4 that were actually ruined?

  10. 10

    RE: Softwarengineer @ 7

    …And yet these local government leaders pretend to be “green'”.
    Smaller houses are torn down, adding to the waste stream, chopping down trees in the process, and replaced with 3500 square foot ” green” houses built with sustainably harvested Brazilian hardwoods, which burns up how much fuel to get here?

    Growth and change are necessary, but when growth is encouraged without requiring necessary infrastructure improvements, it ain’t cool.
    Some developers have to pay for things like streetlights and sidewalks and sewers. Others, like Greg Nickel’s owner Paul Allen have the taxpayers pay for it.

  11. 11
    singliac says:

    RE: mukoh @ 9 – You’re obviously not a fisherman, or you’d know exactly what habitats he’s talking about. Software Engineer and i hardly ever agree on anything, but we agree that this isn’t a case of “humans need a place to live.” This is development without any forethought. Do I think the developers are evil? No. They’re just trying to make a buck like the rest of us. I don’t think there’s any simple solution, but I don’t think it’s as black and white as you make it out to be. Now you can proceed with calling me a tree-hugger.

  12. 12
    Kary L. Krismer says:

    I wonder if these developments going into foreclosure is what’s accounting for the increase in Notice of Trustee Sale filings? I read in one of the articles today that Sound Built (sp?) apparently lost one of their projects. A project of 20 sites would presumably result in 20 NOT sale documents.

  13. 13
    The Tim says:

    RE: Kary L. Krismer @ 12 – Interesting theory Kary, but that doesn’t appear to be the case. The two notices of trustee sale I linked above in the post were the only two on record with the county for Conner homes, one for each development. I did a search on the county records for Sound Built homes and also only came up with two (here and here) for this year as well. They both appear to be for the Kent development seen below referred to in the article (guess it was split in 2 for financing).


    View Larger Map

  14. 14
    Kary L. Krismer says:

    RE: The Tim @ 13 – Maybe they have to do it that way to avoid the anti-deficiency provisions. I thought they’d changed that to allow more flexibility in the sale. If they have to sell the whole project as part of one bid, only the bank would be a likely bidder.

  15. 15
    mukoh says:

    RE: Kary L. Krismer @ 12 – If the DOT and notes are fixed. Some are fixed tax parcels XXX through YYY, and some are separate notes and deeds. I have seen snoco project of 18 lots go as 18 separate NOT

  16. 16
    mukoh says:

    RE: singliac @ 11 – singliac, I am a fisherman myself, and not once a year type. I haven’t seen any habitats destroyed. I fish Stilli all year, Halibut, Sturgeon, Kings and Silvers, this year is BTW record numbers. I am actually expecting this year to be the bigger year for Duahmish, when the run starts.

  17. 17
    Curious says:

    Does anyone know the status of Cascadia southeast of Tacoma–supposedly the largest planned community in the state? Also the Lacey retirement community called Jubilee, built by Jenamar? The website says (and has for at least several weeks): “Sales of New Homes at Jubilee have been temporarily suspended while we are updating our product line. Check back soon for our Re-Opening!”

  18. 18
    wreckingbull says:

    RE: mukoh @ 16 I haven’t seen any habitats destroyed.

    I have. Hood Canal. Fertilizer, leaky septic tanks, and clear-cutting of its western slopes have turned it into a dead zone. Used to be some of the best fishing in the state.

  19. 19
    Mike2 says:

    Regarding the environmental destruction. Compare those Bothell subdivisions to the ones built 30 years prior. Older subdivisions tended to have least a few mature trees standing. The trend today is to scrape everything. I don’t know whether this is buyer preference, the result of smaller lot sizes, or from of building on re-planted plots that have few trees capable of standing on their own.

    Whatever the case, it’s made some seriously stark and ugly neighborhoods that lack permanent greenspace.

  20. 20
    ray pepper says:

    RE: The Tim @ 13

    Now call me crazy Tim. But, I think our very own Amarjit Sandhu sold that house on the corner 5 months ago……….. It sure looks like it.

  21. 21
    Sniggy says:

    “I don’t know whether this is buyer preference, the result of smaller lot sizes, or from of building on re-planted plots that have few trees capable of standing on their own.”

    a lot of people are scared of large trees next to a house.

  22. 22

    “I haven’t seen any habitats destroyed”

    The Coho run on the Cedar River has been significantly down for several consecutive years.

  23. 23
    mukoh says:

    RE: Ira Sacharoff @ 22 – Ira once again thats not because of development have you seen a river literally have 15-20 nets going in ladder pattern when the run is coming in? That is what the reservations are doing. Duhwhamish run last year was horrible. I watched two days in a row and nearly lost the prop to the nets they were so heavy with dead/rotting fish that you couldn’t see the markers.

    RE: wreckingbull @ 18 – Bull, it was mainly ruined by indian reservations clear laddering it with nets when the run is coming in.

    I have seen nets coming out of the water that were in for 4+ days with 50% dead/rotten fish. Regular fisheries are not allowed to leave their nets PERIOD, however the naive americanos eskimos are smiling and waiving as you pass them by throwing rotten fish out of their boats. When 40% of the run dies in the nets that is a bigger issue then development.

    IMO development is blaimed for run-off and so on, which I agree to certain extent not to the amount that was stated by softie, it is however the fishing practices that are wiping out spawning fish coming in.

  24. 24
    shawn says:

    Ishmael might take issue with fishing being a reason to preserve the environment, but whatever gets the job done.

  25. 25
    what goes up must come down says:

    mukoh no one can tell you anything when it comes to the environment hey let’s just pave over everything and be done with it okay as long as there is a buck to be made.

  26. 26
    Mike2 says:

    By Sniggy @ 21:

    a lot of people are scared of large trees next to a house.

    This must be a new fear. Up through the mid 90’s it was common to see mature trees left standing next to new construction. Back in the 80’s, it was popular for people building Northwest Contemporary style homes to leave large fir trees right next to the house and wrap the deck around them.

  27. 27
    Sniggy says:

    “Back in the 80’s, it was popular for people building Northwest Contemporary style homes to leave large fir trees right next to the house and wrap the deck around them”

    Where was this at? I have been to many 80’s track houses and most of the trees in the yards are smaller fruit trees. Maybe a token evergreen in the back 5′ of the 20′ backyard.

  28. 28
    David Losh says:

    RE: mukoh @ 6

    Again your comments make no sense.

    if your have an issue with the Department of Fisheries then you should raise that issue.

    Irresponsible development is the number one cause of land use regulation. It’s common knowledge.

    If you have evidence to the contrary, as a good developer, you would point that out. Coming to a blog to share your theory seems a little fishy.

  29. 29
    Kary L. Krismer says:

    On the tree issue, some people just don’t like trees. Some will even buy a wooded lot, next to other houses on wooded lots, and remove every single tree. At our old place we had some people move in next to our large fir tree, and immediately start complaining about it. As if the tree wasn’t there first.

    Personally I prefer the developments where they have at least a 1/3 acre lot and leave a lot of trees, but around here you have to go pretty far out to find that.

    Stated differently, I’d rather have a fir tree 8 feet from my house than have another house 8 feet from my house.

  30. 30
    David McManus says:

    Should we include recently completed developments that have absolutely no people living in them on this map? There is a 4 home subdivision around the corner from my house with vacant homes just sitting there with a sign proudly proclaiming “Don’t believe the hype!”.

  31. 31
    wreckingbull says:

    RE: Sniggy @ 27

    Actually this statement does ring true for many of the 80’s neighborhoods on the east side.

    Sahalee and Bridle Trails come to mind as perfect examples of this. Lake Forest Park is another example.

  32. 32
    Herman says:

    I also prefer trees over McMansions and sprawl. Another vote for green.

  33. 33
    Herman says:

    Looks like Connor homes is in trouble, from the article. This pleases me greatly. Connor has no ethics.

    He bought a house with landmark status in West Seattle with an intent to develop the property. He tried to steamroll the community with it and refused to work with the landmarks board on a solution. When he didn’t get any approvals, he sued the city on the grounds of economic impairment or something.

    The whole time he had the house listed for sale at double market value, to try to build his claim that he couldn’t sell it because of the city.

    He lost. But since he’s a sore loser, he didn’t sell out. He still owns the house and he still lists it for double market value. I suppose some day it will fall down on its own. Then he will build.

  34. 34
    truthtold says:

    mukoh,
    funny or nuts…You choose.
    Reads thoughtless or ignorant and probably not as intended.

  35. 35
    The Tim says:

    By Kary L. Krismer @ 29:

    Stated differently, I’d rather have a fir tree 8 feet from my house than have another house 8 feet from my house.

    YES.

  36. 36
    The Tim says:

    RE: David McManus @ 30 – If all the homes in the development are “move-in ready,” then I’d say it doesn’t qualify as stalled or slowed development, just stale inventory.

  37. 37
    Mike2 says:

    By Sniggy @ 27:

    Where was this at? I have been to many 80’s track houses and most of the trees in the yards are smaller fruit trees. Maybe a token evergreen in the back 5′ of the 20′ backyard.

    Depends on the neighborhood of course, but in this case I’m talking about developments in Bothell. Treed lots were more common on mid priced houses. Really low end neighborhoods often scraped everything off down to the hard pan.

    This decade, it’s not uncommon to see rows of near-luxury 2500-4000 sq ft houses built on forest land with not a single tree left standing. However if you look at developments in the same neighborhood that date back a decade or two there are usually a lot more original trees.

    The 80’s NW Contemporary homes I mentioned were usually custom built – not part of a tract. My only point was that people spending extra on a stylish house then were choosing to have large trees close by.

  38. 38
    mukoh says:

    RE: David Losh @ 28 – Dave, indian tribes are not regulated by department of fisheries just FYI.

    And on the irresponsible development you are nuts. Give a guy a +10% on a project and he will put a jail there as long as he is allowed, its called business, as long as you don’t have to live there its all game.

  39. 39
    Softwarengineer says:

    THANKS IRA, DAVID, TIM AND OTHERS FOR BEING A TREE HUGGER LIKE ME :-)

    And for you folks that think there’s no end to the population fun in the NW, here’s some sobering facts [and if you eat local fish, I do hope its mercury free for you]:

    “…The Causes
    Population growth and development have taken a toll on Puget Sound. Nearly four million people live in 115 cities and towns around the Sound, and more keep coming – 1.5 million more in the next twenty years. That’s like adding a city the size of Portland.

    One-third of the households around Puget Sound rely on septic systems, many of them old or leaking, which send raw sewage into the Sound.

    Every day, treated wastewater flushes into Puget Sound, along with toxic chemicals.

    Two million acres of forest at the base of our mountains has been cut, paved and built up in less than one generation – that’s an area as large as King and Pierce counties combined….”

    The rest of the State URL:

    http://www.psp.wa.gov/pugetsound.php

    P.S. I don’t eat seafood caught locally anymore, its likely contaminated with heavy elements. When I was a kid I loved the local seafood in Seattle.

  40. 40
    David Losh says:

    RE: mukoh @ 38

    What?

    Just FYI you’re right, but I just thought you needed something to do.

  41. 41

    […] 2.Kenmore resident Timothy Ellis, editor of seattlebubble.com chronicles the changing real estate market in Puget Sound. […]

  42. 42
    wreckingbull says:

    RE: mukoh @ 23 – I doubt the marine biologists at Whitney Point would agree with you, but you go ahead and believe what you wish. By the way, I have had no Quilcene oysters on my beach for 3 years now. Never seen this before in my life. I am very interested in hearing your explanation for that.

Leave a Reply

Use your email address to sign up with Gravatar for a custom avatar.
Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Please read the rules before posting a comment.