SEATTLE — By late 2019, hundreds of new residents will begin moving into NEXUS, downtown Seattle’s newest architectural accomplishment now under construction at the corner of Minor Avenue and Howell Street. Aptly named, the 389-unit high-rise rises at the nexus of South Lake Union, Capitol Hill, the business district and the Denny Triangle.
“Our estimated completion schedule will have most homeowners enjoying their new homes in time for the New Year’s Eve celebrations as we welcome 2020,” says Christian Chan, executive vice president of Burrard, the developer of NEXUS. “Fireworks will be a fitting salute to half a decade of design, marketing and development as we transition NEXUS from a construction site into a thriving and progressive community.”
Only 28 homes remain available for purchase, including a collection of one-, two- and three-bedroom condominiums that will be released in 2019, with pricing from below $1 million to the high $2 millions. This inventory includes the Sky Series of homes, which feature commanding views, enhanced specifications and larger floor plans that range from 1,478 square feet to a two-story Sky Loft with three bedrooms, 2.5 bathrooms and 2,282 square feet, including interior and exterior living spaces.
Having made the choice early to build a tower for sale versus another rental building, Burrard occupies the pole position in the current condominium development cycle, rewarding homebuyers with the earliest occupancy less than a year from now. The core and floor plates are already towering skyward above level 30, followed closely behind by building glazing and envelope at level 20.
“Burrard will also deliver an urban lifestyle to be envied, with class-leading amenities, a bespoke digital lifestyle platform, and an art collection that is incomparable in the city, ensuring sustained value creation for the building’s homeowners over the long term,” Chan says.
Since it was announced in June 2016, NEXUS has set the pace for sales in new condominiums, generating more than 92 percent presales. Robust sales led to the early closing of the NEXUS sales center earlier this summer. Burrard’s focus instead turned toward construction activities and delivering on other qualitative and scheduling milestones with the development.
“Our homebuyers are feeling very good about their purchase at NEXUS, having watched the market expand so significantly in recent years,” says Dean Jones, the president and CEO of Realogics Sotheby’s International Realty, the listing firm for NEXUS. “Our quick delivery also allows for interest-rate lock programs, so buyers can hedge against likely inflation in the year ahead.”