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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.

Rumor Confirmed! Gallery Condo Auction on March 5th


Last night we broke the news that Gallery Condominiums was rumored to be putting up 26 homes for auction on Friday, March 4th.  Well, our info was correct except for the date… it’ll be on Saturday, March 5th.  Here are more details, which we can now present as confirmed:

The final closeout of Gallery Condominiums’ new home inventory will go under the hammer on Saturday, March 5, 2011 at the Grand Hyatt in downtown Seattle, providing a rare opportunity for prospective homebuyers to purchase a new condominium at steeply discounted prices… minimum bids between $175,000 and $295,000 represent up to a 54 percent reduction in price!

Situated at 2911 Second Ave (at Broad Street) and ideally located at the north end of Belltown, Gallery is perfectly situated to capture Space Needle views to the east, and Elliott Bay panoramas to the west. Its convenient Broad Street location allows you to easily zip up to Queen Anne, out to Ballard or South Lake Union, or deep into the heart of Downtown Seattle.

Gallery features concrete and steel frame construction and customized floor plans offering maximum use of space.  Their upscale finishes are something to behold. Try European-styled kitchens with custom cabinetry, slab granite or microcrystal countertops and premium stainless steel appliances; floor to ceiling windows; hardwood floors; and generous balconies!  Amenities include a full-service concierge staff, a two-story lobby, Owners Lounge, and an exclusive Supper Club and Sky Lounge.  From intimate dinners to large groups, Gallery can easily accommodate your special events!

The homes slated for auction will be open, one bedroom/one bath plans with a variety of square footage layouts ranging from approx 571 to 672 sq ft in size, and successful bidders will be able to choose from a number of configurations to define their living areas and bedroom areas. Also included in this sale is a one bedroom/one bath plus den at approx 883 sq ft, with exceptional views of Elliott Bay.  Whether you’re a professional or an empty nester, these homes are designed to work with your individuality, while providing you the best of city living!

Gallery is currently more than 80 percent occupied.  We will keep watch as this develops and get you the latest news as quickly as possible.  In the meantime, you can keep tabs on the auction by checking this website or our special Gallery website, .  If you’d like us to contact YOU on more information or to schedule a private tour, just sign up at our Stroupe Group link.

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