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February 6, 2012

You are here: Home / Archives for Neighborhoods/Condos / Retail Core / ESCALA

MetLife & ESCALA offer buyers jumbo loan options

December 8, 2010 By Leave a Comment

The team at ESCALA sent out an email with some sample mortgage payments for three of their units on the 16th floor.

Suite 1609 (floorplan)
1B/1.5 B  910 sq. ft.
$449,000.
Total Monthly Mortgage – $2,170.73
Suite 1612 (floorplan)
1 B/1.5 B  952 sq. ft.
$519,000
Total Monthly Mortgage – $2,437.75
Suite 1611 (floorplan)
2 B/2 B 1607 sq. ft.
$829,000
Total Monthly Mortgage – $3,851.98

The address still has a number of active listings.  You can review what’s still remaining along with a record of sold units here.

Filed Under: ESCALA, Featured

New home buyers for Escala offerred 15% off installations.

November 17, 2010 By Leave a Comment

Boyce Commerical Services, a Seattle based office relocation and installation company, is offering a 15% discount off to new buyers at ESCALA for the month of December.

Boyce Commercial Services is proud to announce that we will partner with Escala during December to undergo appliance installations throughout the building. We are also offering a 15% discount to new home buyers in Escala.

For more details on the beautiful, luxury hotel, visit Escala. Contact Boyce Commercial services at 800-248-1023 for more information on our moving services and FF&E installation.

They must be referring to custom appliance installations and/or FF&E (Furniture, Fixtures & Equipment) move ins? I’m not going to hold it against them for being vague with thier blog post. At least thier blogging! They do have a lot of great pics to look at.

click here to look

On a side note, dang ESCALA is lookin good!  View more about ESCALA including for sale and sold inventory.

Filed Under: ESCALA, Featured

ESCALA Auction? Never!

September 22, 2010 By Leave a Comment

Some people have asked, and during a late night follow up of blog comments regarding auctions, I wondered what project could possibly be next.  ESCALA is the only one with a significant number of units still for sale–less than half.  The 269 unit project has gone through it’s ups and downs until Team Builders JLS and Bob Rennie took over sales earlier this year.

Erik Mehr told us today that ESCALA has not only averaged 10 sales per month for the last three, but since the Olive 8 auction has made an additional five.  With more than 80 sales (over half), the building has even gained FHA approval.  Of course the rumor of ESCALA going rental is a pie in the sky, and Erik’s confidence and record of sales for the address also prove that an auction is a similar story for even the most critical critics.

I must say that I am very impressed with this building. It is truly spectacular!  Thank you Erik!

Filed Under: Auction, ESCALA, Featured Tagged With: ,

Will ESCALA hit the auction block next?

September 22, 2010 By Leave a Comment

With the successful trend in condo auctions in Seattle, I’m not sure it’s a bad idea.  New construction sales are way up, and it might be a nice relief to see that building unload some inventory.  Resale prices are way down, and the only way to get those numbers back on a positive climb would be to reduce the amount of new construction inventory which has been holding a steady high price per square foot.

It would be a tough call to make as we come to the slow season for our local real estate market.  Before the holidays you can pretty much bet that there will always be a final push to make sales before entering the colder, slower months.  Will ESCALA announce an opportunity to take advantage of “HUGE discounts” off original listing prices, or cling on to a market pick up till next summer?

Inquiring minds want to know.

Filed Under: Auction, ESCALA, Featured

Seattle’s highest priced condo listed in MLS closes today

July 29, 2010 By Leave a Comment

Escala AwningOne of the things we have to do as we continue to revamp our blog is to make a call or shoot an email to those who send out press releases or can provide some good information regarding our downtown Seattle condo market.  We called Eric Mehr with John L. Scott today who is representing ESCALA because there has been a lot of positive news about sales continuing to go up.  As Seattle’s only emerald green glass high-rise the project has struggled as it was the last of all the new construction to open for occupancy during the crash.

Since, Bob Rennie with Rennie marketing has pulled some pretty amazing ideas that have helped cater to the market over the last several months.  Today, Mehr had a little bit of excitement in his voice, and I had to later send a congratulatory text message because today ESCALA breaks a record.  Originally listed around $6.7 million, today they are closing on a completely built out East, West, and North facing penthouse for around $6 million.  This is big news for everybody who has an invested interest in downtown real estate.

CORRECTION: Ben Kakimoto at SeattleCondosAndLofts.com reminded me on Facebook that this is the second most expensive to sell in Seattle history.  First was Four Season’s which sold for somewhere around $7 million, as well as a private sale for around $15 million.  Can I get a Mulligan Ben?

I’ve actually been in that unit when it was just a shell with drills and ladder’s laying around everywhere.  The 5,200 square foot unit is nothing short from spectacular when you kink your neck looking right, then spanning the room to look left towards the sound.  Amazing!  I can’t imagine what it looks like today!  Congrats team ESCALA!

Filed Under: ESCALA, Featured, Sales Tagged With: ,