Huge 2017 Apartment Boom Should Soften Housing Market

Get access to the full spreadsheets used to make the charts in this and other posts by becoming a member of Seattle Bubble. Good news for renters (and maybe hopeful home buyers, as well): 2017 should see the beginning of relief for the Seattle area’s crazy rental housing market. The infamous $750-a-month 130-square-foot ‘prison cell’ […]

25-Story Apartment Tower Built in 2001 Now a Teardown

The SunBreak broke an interesting story on Saturday afternoon: Belltown’s McGuire Apartments Killed by Flawed Construction Photo by Flickr user Nick Denny The McGuire apartment building, at 210 Wall Street in Belltown, opened its doors in 2001. Now, just nine years later, it’s closing them for good. Though the marketing copy, ironically, boasts “exceptional attention […]

Vulcan’s Rollin Street Flats to Convert to Apartments

I received an email tip from a reader that Vulcan’s Rollin Street Flats, a 197-unit condo building in South Lake Union is officially going apartment. Just four days ago, the Seattle Times reported that Vulcan had “pushed back the start of closings on its nearly finished Rollin Street Flats project.” An email being sent to […]

“Vast Majority” of Buyers Bail, Moda Condos Goes Rental

Lots of local real estate news hitting today. Here’s another short one: Moda Condos in Belltown goes rental. When Moda Condominiums started accepting reservations in September 2006, prospective buyers lined up hours early and quickly locked up all 251 units. Now, with the Belltown building two months from completion, Moda’s developers have changed it to […]

Condo Projects Repartmenting, Rental Vacancy Increasing

It looks like the picture for renters may not be quite as bleak as we have been led to believe in recent articles. Turns out that new apartments are being built, and even some condo projects are becoming apartments instead. Apartments have been the poor stepchild to condominium towers over the past few years in […]