Wow! If you were thinking about purchasing a property in or near the quickly changing South lake Union area, then you might want to pay attention. Buy that Seattle condo while you can still afford it in this area!!!! Downtown Seattle condos, South Lake Union condos, and anything else close to the Denny Triangle – it will ALL be positively impacted by this piece of news. Combine this with the lowest mortgage interest rates in recorded history and it is pretty much a no brainer.
We ARE at the bottom and although recovery is a longer projection than any of us would prefer, recovery is in the cards.
At this point, I would even look closely and quickly at Eastlake condos for sale. According to the Seattle Times (http://seattletimes.nwsource.com/html/businesstechnology/2017518305_clise16.html?prmid=4939):
Amazon to buy Denny Triangle property; plans 3 big office towers
In one of Seattle’s biggest real-estate deals in years, Amazon.com has agreed to buy three blocks from Clise Properties and plans to build a 1 million-square-foot office tower on each.
Clise Properties has been known for huge holdings in the Seattle area and the Clise family has historically been slow to let them go, so this Amazon news is big! These properties have been owned by the Clise family for decades and according to the article in the Times:
preliminary paperwork has been filed with the city to build a 1 million-square-foot office tower on each of them.
BIG NEWS FOR LAKE UNION!!!
Call me if you want to get out there and see some of my favorites on the market (and some off the market currently with little to no competition from the smart buyers that will respond to this one) firstname.lastname@example.org 206-850-8841