I toured the building yesterday with some clients and was amazed to hear that they are looking at 40+ closings this month! From the sound of things, the reduced pricing has attracted a lot of buyers…even several who are willing to pay all cash.
Securing financing has been a major issue in the past but now the new preferred lender, Met Life, is set to close on 5+ units in the next week and the building will be FHA approved in approximately three weeks.
We looked at 1 bedrooms (SW & NW “A” floorplan and E & W “B” floorplan) yesterday priced under $550k. The units that they have on the 14th floor seem to be the best value at around $499-$513k with views of the Space Needle, Lake Union, Sound and City. Out of all the floorplans, I am most partial to #1406…I think the 4th Ave corridor view is gorgeous (and is considered “protected” as the building to the south is secured on a 100 year lease). Visit the Escala condo page to view building details.
Something else I learned- they are not officially selling additional parking spots…although the developer may reconsider this as the commercial spaces lease.
If you are interested in purchasing, don’t wait! Get down to the building and check it out…if you are planning on visiting during the week, don’t forget to make an appointment, otherwise, Saturday and Sunday are open for walk-ins.