Amazon plans to build its tallest tower ever in the growing city of Bellevue, Washington, continuing the rapid growth outside the tech company’s Seattle headquarters—located just 10 miles west.
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Townhomes have a lot going for them: they are move-in ready, require little maintenance, usually have no HOAs, and also provide the privacy of a small backyard and (usually) a rooftop deck. Buying a townhome can also be cheaper than buying a new construction home in a desirable neighborhood with retail, dining, nightlife, and public transportation.
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Each year, an increasing number of people moving to live in big cities. There is something about the rush of living in an exciting, urban area with endless opportunities to explore that draws people in. What’s it really like to live in a luxury downtown high-rise apartment or condominium? Here are some things that people love about living right in the middle of a large city.
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On Wednesday, September 19th, Realogics Sotheby’s International Realty brokers Jay Kipp, Brad Vancour and I were invited to Vancouver to visit Westbank, a world class developer, as they set the stage for the unveiling of the condominium buildings in Seattle. The first that is set to come onto the market is named First Light and will soon stand at the corner of 3rd and Virginia. In a recent visit to our affiliates at Canada Sotheby’s International Realty, Shaz Karim raved about how Westbank dares to do things differently and builds things no one else thinks possible, so excitement was mounting as we boarded a seaplane on Wednesday evening at Lake Union and visited one of their projects, the Fairmont Pacific Rim.
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As a recent Seattle Times article proclaims, “Sound Transit rail stations could help solve our housing crisis,” as each new LINK light rail station will afford the opportunity “to create vibrant, walkable mixed-use communities with significant amounts of new housing and reduced dependence on automobiles.” The $60 billion investment in improving transit and building new infrastructure to support the expanding light rail system marks the largest transit investment in the history of our region, and as the Times points out, “by 2040 we will have light rail connecting Everett to Tacoma and Seattle to Redmond and Issaquah,” which will provide unprecedented and seamless connections around the Seattle metro region.
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The Seattle area real estate market is in dire need of home inventory and some relief has come for buyers, as the Northwest Multiple Listing Service reported that real estate brokers added 14,524 new listings to the market in May, which was the first time this figure has topped 14,000 since May 2008.
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