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All the latest news articles and market trends of the Seattle Real Estate Market. If it is happening in Seattle it is happening on the Stroupe Group.

NEXUS condominiums coming to Downtown Seattle in 2019

Good news for those hoping to buy a condominium in the next couple of years: Burrard Group, based in Vancouver BC, has announced plans to build NEXUS, a 40-story, 403-unit condominium tower in Downtown Seattle.

nexus seattle exterior Rendering of NEXUS – Designed by Weber Thompson

The condominium tower, at 1200 Howell Street will be the first high-rise to break ground in the Downtown Seattle area since Nat Bosa’s Insignia broke ground in 2012. Designed by renowned Seattle architectural firm of Weber Thompson (who also designed Madison Tower and Cristalla), the tower will cost a little over $200 million to develop. The general contractor has not been chosen yet, but Terry Bendrick will be the project’s Development Director – he is known for such projects as Microsoft’s West Campus in Redmond or the Taipei 101 tower in Taipei. We are also proud to announce that Realogics, Inc. will provide marketing services and Realogics Sotheby’s International Realty will be executive listing broker for the building.

At 440-feet tall, the building will offer a wide range of floor plans. Traditional, one-level condominiums will range in size from urban one bedrooms to units as large as three bedrooms, a rarity in the Downtown Seattle market. In addition, future residents will also have a chance to pick from two-level loft style homes or twenty penthouse unit floor plans.

NEXUS will abound in amenities, from retail on the lobby level to an amenity level on the 7th which will feature a co-working space, a fitness center, dog facilities, a media room and an expansive outdoor patio. The building will also feature a SkyClub on its top floor, complete with an exhibition kitchen, a private dining area, a sky bar and an indoor-outdoor club room with an open air kitchen. NEXUS will be incredibly technology forward: reserving a guest suite or business center amenities will be done via an exclusive app, which is currently in development.

Rendering of the co-working space. Rendering of the co-working space.

While the first occupancy is planned for 2019, unit reservations will be offered next month, with pre-sales beginning in the Fall of 2016. According to Dean Jones, CEO and President of Realogics Sotheby’s International Realty, NEXUS offers a unique opportunity to “own the future”, as residents will be able to purchase units at pre-sale prices. Accordingly, the unit prices will start in the $300,000s, certainly an attractive price point for new construction in the Downtown Seattle market and with mortgage payments comparable to Seattle-area rents.

nexus seattle condo A rendering of a condominium in the NEXUS building.

We have previously blogged about the Burrard Group’s plan for the site at 1200 Howell – you can see the article here.

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