Escala cutting condo prices by 50 percent
Puget Sound Business Journal (Seattle) – by Kirsten Grind
Downtown Seattle condominium tower Escala will lower prices by as much as 50 percent on unsold units, the luxury buildings new marketing firm said Tuesday.
Rennie Marketing Systems and the buildings listing agent, Bellevue-based Teambuilder, declined to release price cuts on each unit, but said savings will range from 20 percent to 50 percent.
A 1,878-square-foot penthouse once priced at more than $4 million will now sell for $2.3 million, said Erik Mehr, a sales manager at Teambuilder. The buildings top-priced unit a $12 million penthouse is now selling for just under $7 million.
A one-bedroom, 952-square-foot condo will start at $384,000, a two-bedroom, 1,607-square-foot condo will start at $699,000 and a three-bedroom, 2,442-square-foot condo will start at $1.6 million.