The Parc in Belltown Sells Out!
Realogics announced the final sale of the last remaining unit at The Parc (with the exception of those being resold/flipped). The press release stated that this will be the first time that a condo project has sold out since 2007!
“The sellout of any tower is always a milestone but it’s far more significant today because it means that we’re finally digesting the standing inventory,” says Sam Cunningham, Managing Broker for Realogics Brokerage, LLC. who is the listing broker at The Parc. “We’re especially proud to have sold out using traditional sales and marketing efforts – it’s a win-win for buyer and seller in what has been a challenging marketplace for many, but not all projects downtown.”
This is certainly big news since the there’s still left over inventory from other new construction projects. The release points out that the last place to sell out was 2200 Westlake–also marketed by Realogics.Email