New condominium estate sales up to 2,635 square feet establish real estate microclimate for luxury urban lifestyles.
SEATTLE — Construction is now above grade with planned delivery by the end of 2020 at SPIRE, placing the 41-story condominium tower among the earliest to deliver of new for-sale projects in the downtown pipeline.
As vertical development accelerates during the summer, SPIRE will rise at the rate of one floor per week. Prospective homebuyers must make their color-scheme selections and choose options and upgrades before Sept. 1 in order to keep pace with construction.
The builder, Laconia Development, has announced that for a limited time, buyers will earn a decorator allowance of $10,000 for one-bedroom homes and $25,000 for two-, three- and four-bedroom homes, provided they purchase soon to meet the personalization deadline.
“SPIRE is now approximately 25% complete and 25% presold, with market validation at all unit types and at all price points,” says Paul Menzies, the CEO of Laconia and managing member of SPIRE’s development team. “Our success has helped establish a real estate microclimate with pricing from below $500,000 to $4.7 million or above for custom unit combinations.”
Menzies notes that SPIRE homebuyers will benefit from Laconia’s preferred pricing, given the development enjoys a pole position in the region’s construction boom. But he warns of rising prices ahead.
“Construction costs are continuing to rise at least 6–8% per year,” he says. “Developers planning new high-rise communities will need to pass these increased costs along to future homebuyers or the projects won’t pencil. Given the high demand for labor, added tariffs and general industry conditions, it is difficult to see how new developments will become more affordable. In fact, developers are more likely to minimize the scale of floor plans, reduce the scope of finishes, and cut back on amenities in an effort to hit sharper price points.”
Rather than scaling back, Laconia took a different approach with SPIRE, removing an entire floor from the structure to offer market-leading ceiling heights of 9 feet on floors 4–23; 9.5 feet on floors 24–37; and 10 feet on levels 38 and 39.
In addition, numerous floor plans were combined to offer more generous living spaces up to 2,635 square feet, gas cooking was made standard throughout the building, and interiors were thoughtfully curated by Robin Chell Design and VIA Architecture. Retail, services and common areas are also available on levels 1, 3, 40, and 41.
“SPIRE is fundamentally well-positioned in terms of its design, location and market timing,” said Michael Cannon, sales director for SPIRE and a broker with Realogics Sotheby’s International Realty. “The building’s full-block placement at the very northernmost perch of Belltown’s high-rise zoning means our panoramic views of South Lake Union, the Space Needle and Elliott Bay will endure.”
Cannon says view preservation is among the most important considerations for prospective homebuyers, given the sheer number of new developments under construction and in the planning stages in downtown Seattle. He also views SPIRE’s location as offering the Seattle’s most dynamic lifestyle, due to existing and planned enhancements in the area.
“Our residents will be within walking distance of the multibillion-dollar waterfront renaissance; the renovated Seattle Center arena and events venue; more than 100 acres of parks and open spaces; and quick access to natural environments like Lake Union and Elliott Bay,” Cannon says. “Yet to the immediate south stands a vertical neighborhood on the rise with countless cosmopolitan attractions, tens of thousands of new jobs, and an abundance of residential conveniences. This location is both vibrant and serene — only SPIRE offers the best of both worlds.”
Laconia also recently released its much-anticipated penthouse residences, including an opportunity for unit combinations at SPIRE. Located on the 38th and 39th floors, the one-, two- and three-bedroom condominium estates (667–2,040 square feet) are now offered from $1,099,950 to $3,999,950, with select homes listed on the Northwest Multiple Listing Service. Predesigned unit combinations are also offered, creating up to four-bedroom homes (2,365 square feet) priced up to $4,699,950, and opportunities exist to create even larger living spaces depending on the desire of the homebuyer. Cannon says several full-floor inquiries have been explored.
The penthouse series will feature generous 10-foot ceilings; walls of glass; and expansive views of South Lake Union, the Space Needle, Elliott Bay and the downtown Seattle skyline.
Interiors boast European-inspired kitchens with real wood lower and glass upper cabinets, a double wall oven and gas cooktop by Wolf, a side-by-side refrigerator by Subzero and a wine cooler (in select home plans). Countertops will be a buyer’s choice of either quartz or natural granite selections with waterfall edge detail for the island (if applicable) along with matching full-height backsplash. Plumbing fixtures will include upgraded selections by Hansgrohe.
Most homes will include a gas fireplace and feature wall in the great room. Window walls will incorporate electric roller blinds and blackouts in the bedrooms. An integrated Smart Panel Pad-style smart-home system by Wipliance will provide one-touch automated controls for lights, blinds and thermostat, with options for audio/visual coordination as a personal upgrade item. All closets will incorporate a choice of several preset modular organizers in premium finishes.