A “Kickoff Homeownership” campaign offers 3.5 percent down-payment options and mortgage payments starting from 2.5 percent for the remaining 40-plus homes at Gridiron Condominiums.
SEATTLE — Executives of Daniels Real Estate and Realogics Sotheby’s International Realty (RSIR) announced a listing agreement recently for Gridiron Condominiums, a 107-unit newly completed community located at 590 First Ave. in Pioneer Square’s vibrant Stadium Place neighborhood.
RSIR has reintroduced the remaining 40-plus marquee condominiums as part of a “Kickoff Homeownership” campaign that offers special financing with 3.5 percent down-payment options and mortgage payments starting from 2.5 percent.
“We are honored to represent Gridiron and identify the next stewards of this iconic community,” says Moira Holley, a co-founder and listing broker with RSIR. “I had owned a home in Pioneer Square for 20 years and still consider it my backyard. Many of my favorite eateries, galleries and amenities — not to mention professional sports franchises — are located within walking distance of Gridiron. And the renaissance taking place along the Seattle waterfront and throughout the neighborhood is a gamechanger.”
Holley believes new homebuyers will have a great sense of timing. By early 2019, the former Alaskan Way Viaduct will be completely removed.
“Pioneer Square will be immediately linked to a series of connected waterfront parks and amenities, with the stadium promenade designed alongside and in front of Gridiron,” she says. “Downtown Seattle will soon rival its West Coast peer cities of Vancouver, B.C., and San Francisco for a pedestrian-focused waterfront bustling with activity. Those who have the vision to see it, will greatly benefit.”
To learn more about the transformation of Seattle’s waterfront, visit waterfrontseattle.org.
Daniels Real Estate secured a forward commitment with HomeStreet Bank that provides homebuyers with the opportunity for a 3.5 percent down payment, first-year mortgages that start at 2.5 percent, second-year mortgages at 3.5 percent, and third-year mortgages at 4.5 percent that continue through the remaining term.
Under those terms, a sample urban one-bedroom home (650 square feet), offered at $566,900, would require less than a $20,000 down payment plus closing costs, and first-year monthly payments of $2,162, including principal and interest. See agent for terms and conditions.
Gridiron residents can expect amenities that are designed specifically for the urban-chic Pioneer Square lifestyle. Homes include light-filled interiors, expansive window walls, engineered hardwood flooring throughout and European-inspired kitchens with Pental quartz countertops and gas cooking. There are concierge services, wine storage, and a penthouse club area that includes entertaining spaces and an exhibition kitchen.
Amenities also include a fitness center, a dog park and a wrap-around terrace with views of Puget Sound, the Olympic Mountains and downtown Seattle landmarks.
Daniels hired the award-winning firm Hewitt Architects to design the new homes with iconic concrete, steel and glass architecture. Pioneer Square-based interior designer Jennie Gruss created industrial-chic urban-one, one- and two-bedroom flats and lofts that range in size from 622 to 1,726 square feet. They’re priced from $566,900 to $1,099,900.
“Given the rapidly rising costs of construction, we would have to charge 20–30 percent more for the homes at Gridiron if this was a presale program,” says Kevin Daniels, president of Daniels Real Estate. “[The prices are] made even more compelling by special financing opportunities with today’s low interest rates.”
Gridiron is located within walking distance of King Street Station — the regional transportation hub for Sound Transit’s Sounder commuter trains and Link light-rail service. An expansion is planned that will further connect Pioneer Square to the greater metro area, including downtown Bellevue.