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 […]

Repartmenting Around Seattle

Looks like the repartment trend has picked up enough steam in Seattle to catch the attention of the press. Specifically, the Sunday Times yesterday featured an article titled “Re-apartments” blooming. The newest trend in the Seattle rental market is a “re-apartment” — an apartment that was converted to a condo and is now being converted […]

Link Roundup Trio: Condos, Lies, Lawsuits

Here’s a minor roundup post for you, with a few stories from the last few days that are worth a brief mention: After selling just 17 out of 114 units, an in-progress condo complex near Seattle Center will instead be completed as “luxury apartments.” In recent months, developers have shelved plans to convert several Seattle […]

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 […]

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Rents Reverting to Mean, Condos Repartmenting

I should at least mention the local news reports about the latest Dupre + Scott rental survey. Here’s the meat of the report, courtesy of Aubrey Cohen at the P-I: The King County vacancy rate hit 3.8 percent this month, down from 3.9 percent in March and 4.2 percent in September 2006, according to Dupre […]