The 17-floor building is being built in Seattle's historic Nihonmachi (Japantown) — a city-central neighborhood ripe with culture, history and a bright future.
SEATTLE — On March 30 beginning at 11 a.m., KODA Condominiums will be available for presale to the public for the first time since developers celebrated the building’s groundbreaking in February.
A first-of-its-kind for Seattle’s Chinatown-International District, KODA was announced last year by DA LI Development USA and Realogics Sotheby’s International Realty (RSIR) as a vertical village in one of the most central locations of Seattle, and newly released condominiums will now be available to purchase at the grand opening sales debut.
Focusing on an internal social community and attainable ownership, the condominiums are being built in historic Nihonmachi (Japantown) — a city-central neighborhood ripe with culture, history and a bright future. The homes — steps away from the LINK light rail, the Seattle Streetcar and the historic Union Station — also boast proximity to Seattle’s multiple modes of mass transit for commuters and urban adventurers. With an official Transit Score of 100 and Walk Score of 98, this South Main Street location is hard to beat.
The March 30 official sales debut will feature a new release of studio, urban-one, one-, two- and three-bedroom flats that range in size from 464 to 1,065 square feet. They will be priced from below $450,000 to more than $1.4 million.
Now under construction, the homes are set for occupancy by late 2020.
The KODA Sales Gallery, located at 510 Occidental Ave. S., will host a variety of internationally themed food and drink to celebrate its public premiere.
“We are thrilled to have exceptional sales momentum as we begin construction,” says Matt VanDamm, vice president of new developments at RSIR. “KODA is a very special building in a quintessential downtown location and our buyers are extremely excited about the unique opportunity to own in this vibrant neighborhood.”
The neighborhood, centered between downtown’s Central Business District, the Chinatown-International District, historic Pioneer Square, and action-packed Capitol Hill, possesses boundless potential of which homebuyers are finally taking note. Nearby, the Stadium District offers countless events and happenings ranging from professional sports and concerts to exhibitions and seasonal traditions. Perhaps most transformative is the $2 billion waterfront restoration project and seaside promenade that promises to return Seattle’s connection to Elliott Bay.
“It’s of little surprise that 80 percent of the homes at KODA have already been placed under reservation, with some early investors holding their position for more than a year awaiting this moment,” VanDamm says.
Reservation holders have begun converting to purchase and sale agreements while a new release of inventory is offered for immediate purchase. A 5 percent earnest-money deposit is required to lock in the introductory pricing.
The interiors of the condominiums exhibit a unique charm befitting of KODA’s one-of-a-kind environment. Walls of windows flood the units with natural light and offer views of Elliott Bay and the city’s skyline. Other noteworthy features include streamlined kitchens with stainless-steel appliances and quartz countertops, and engineered hardwood flooring.
New homeowners can personalize their homes by choosing between two designer color schemes and also considering other options such as kitchen islands, extending hardwood floors into bedrooms, adding window treatments, and exploring a host of high-tech features.
Amenities are available across four levels of the 17-floor building, including a rooftop terrace with panoramic views of Seattle, a 17th-floor club room, a seventh-floor wellness center, Zen garden, meeting rooms, a grand lobby with concierge and co-working lounge, controlled-access parking and street-level retail.
Brokers say the newly public sales gallery projects expectations for KODA homes to sell quickly and they are encouraging potential buyers to act quickly.
“We have some terrific opportunities for new homebuyers looking for attainable ownership in a future-ready condominium,” says Michele Liang, community sales associate. “Those that act soon will enjoy a preferred selection.”