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May 18, 2012

Two new BIG neighbors to Mosler Lofts coming to Belltown

I love reading the Dept. of Planning and Developments “Land use Information Bulletin” in the morning. Not because it’s as dry as toast and goes well with coffee but because it provides me with exciting news for me to pass along to you, my loyal readers…..and I’ve got a doozy of a scoop for you today!

There will be TWO new high-rise apartments buildings going up soon in the northend of Belltown. A 19-story at 2625 3rd Avenue and a 17-story at 311 Cedar Street. The good news is they will bring more retail space and I’m hoping for some good Teriyaki and a Jelly Belly shop. There will be commercial space as well and I trust they’ve got tenants lined up. The best news are all the rental units available to make up for the loss of the unlucky McGuire building.

What’s the bad news? Just ask the homeowners at Mosler Lofts and Seattle Heights. They’ve just gotten the awful reminder that an open view is never guaranteed. Each complex will have some of its Association members unhappy with the loss of a portion of their view….and there’s nothing they can do about it.

We have a height restriction chart on our site (Seattle Height Restrictions) providing you with a guideline of what COULD happen around town. It shows the maximum height a new building can be anywhere within the colored coded zone. You know why we spent time creating it….to remind us all that nothing stays the same. New opportunities will bring progress and Seattle Savvy doesn’t want some brand new big building stuck in front of your window to come as a shocking surprise.

As a resident of the Montreux, I often marvel at the view of the skyline from our pretty fabulous rooftop deck.  Dave and I stand up there and “ooh n’ ahh” about the golden color reflecting off the 27-story Grandview Condos as it towers over every other building within two blocks. Dave likes the fact that every unit has a great view. I take a big slurp of my cherry coke and point out the  west side of the Cosmopolitan. “Those buyers thought they had a great view too.” I say in a somber tone. Dave’s naturally pale completion bursts into a red hue as he begins a long diatribe on how “somebody” should write a post about how nothing is guaranteed and that it’s our job to help buyers perform the due diligence needed to make the best buying decisions of their lives.

After all, no one wants to share their morning coffee and toast with a neighbor living only a short alleys distance away.

With love….Somebody.

1200 Stewart: APPROVED

Congratulations Midby family and Lexas Companies, LLC (same developers of ESCALA)!

1200 Stewart rendering1200 Stewart is two 35-story towers above a 5-story podium, containing 340 residential units, 229,781 square feet hotel, 79,934 square foot indoor participant sports, 12,903 square feet child care center, 28,738 square feet private club, 26,738 retail, and 5,104 square feet of restaurant use. Parking for 940 vehicles will be provided below grade.

View Project Details

View Notice of Decision

I’m not personally not sure about Midby’s choice to try yet another “private club” so soon, especially after his experience with Club Cielo.  However, you can’t knock a guy for not letting that keep him down from doing what he wants to do.  I remember Midby talking about this project even a year ago, which now reminds me of the special feature on Kill Bill when Quentin Terintino discussed coming up with the movie during the time they were filming Pulp Fiction.  These are guys that just don’t stop dreaming big.

Being that it does however take a couple years for a project to even pop-up out of the dirt, what I wonder is if these guys are expecting there to be another Seattle condo boom anytime soon?  But at the same time, what would companies/people like these do?

lexas companies logo and puzzle peiceStop building?

That would be like us just stopping to care about real estate!  Maybe they’re thinking that it’s tough to believe that people are going to just stop buying homes, and that sooner or later current inventory will be bought up?

This is now the 2nd land use permit to have some sort of application process made in just the last couple of months.   At the same time, I think it would be crazy for anybody to start shouting, “THE SKY IS BEING PUT BACK TOGETHER!  THE SKY IS BEING PUT BACK TOGETHER!”

Both of these two mentioned would be in my personal Seattle 100 just because they do what they do.