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Thursday, October 30, 1980

On Vacation

Just a note to say that I'm on vacation out of state and away from the Internet (mostly) through October 30th. Feel free to use this as an open thread to discuss current Seattle Bubble events.


Anonymous said...

Bubble evidence: apartment buildings converting into condos.

When I first moved here from Chicago in 2000, I moved into the Athena apartments on Queen Anne Ave in Lower Queen Anne. It was brand-new, a little pricy, small but nice. Several other apartment buildings immediately went up on the same street, down towards Denny.

All are now condos. I wonder if anyone bought my old studio, and what they paid for it.

Anonymous said...

I found this online. This press release was dated earlier this month:

Constructed in 2000, the Athena contains 91 apartment units and 3,000 square feet of commercial space in a six-story building. Residential and common areas will undergo cosmetic upgrades in the conversion process. These include improvements to the garden court, a new state-of-the-art fitness center, and a 10,000-square-foot tiered rooftop deck with outdoor lounges, hammocks, commercial-size umbrellas and a gas fire pit; an al fresco dining area; and new landscaping. Changes to the residential units, which have floor-to-ceiling windows, double insulated walls, fireplaces and balconies, include replacing kitchen and bath countertops with granite.

The property is within walking distance of the Seattle Center, home of Pacific Northwest Ballet, the Seattle Opera, Seattle Repertory Theatre and other cultural resources. The Athena's proximity to downtown Seattle and its premium views of Elliott Bay and Puget Sound, the Olympic Mountains and the downtown Seattle skyline add to the desirability of the location.

The property will contain a mix of studio, one- and two-bedroom units, with prices ranging from approximately $190,000 to $550,000. The conversion is expected to be completed early in 2006.

$550 K for a two-bedroom is steep. I wonder how much square footage that buys.