NEXUS is the only condominium high-rise being offered for presale in downtown Seattle, and is the only new for-sale offering to be delivered in 2019.
SEATTLE — Just 31 homes remain available for purchase and personalization at NEXUS, a luxury condominium tower being built in the northeast corner of downtown. On June 30, representatives plan to close the sales center, at 2609 First Ave.
The 41-story, 389-unit high-rise is scheduled to open at 1808 Minor Ave. in the second half of 2019.
It is also the final opportunity to access the NEXUS design center. The developer, The Burrard Group, is offering a $25,000 design credit on all remaining Sky Series Homes for a limited time.
Remaining unsold inventory after June 30 will be reintroduced for sale with new pricing at a later date closer to project completion, according to Christian Chan, executive vice president of The Burrard Group.
“We are building into a rising market, so as such we’ve decided to retire presales after June 30 and focus our efforts on construction and delivery of a top-quality product, on schedule,” he says. “Before we close the sales center, buyers are encouraged to capitalize on introductory prices and with an ability to choose their preferred color schemes and choose from a suite of designer options.”
Chan says the following floor plans remain for sale:
- 17 two-bedroom, two-bath homes with 945 to 1,455 square feet of living space; priced from $1,249,950.
- Four two-bedroom, 2.5-bath homes with 1,395 to 1,513 square feet of living space; priced from $2,099,950.
- Six three-bedroom, two-bath homes 1,500 to 1,568 square feet of living space; priced from $2.1 million.
- One three-bedroom, 2.5-bath home with 1,807 square feet of living space; priced at $2.595 million.
- Three two- and three-bedroom, two-story SkyLofts with 1,504 to 1,732 square feet of living space; priced from $2,195,950.
The Sky Series homes typically feature larger floor plans, many of which include unique architectural attributes such as taller ceilings, private terraces or two-story loft environments. Penthouse homes on the 39th and 40th floors also feature Miele appliances with gas cooking and natural stone countertops with waterfall island design treatment.
All of the listed homes have one parking stall, and many include the option for a second contiguous stall offered at $75,000 — a rarity in today’s development market, Chan says.
One penthouse unit combination of approximately 3,200 square feet was custom designed for nearly $5 million. But given the construction schedule, Chan says, no additional unit combinations can be accommodated.
NEXUS is the only condominium high-rise being offered for presale, and is the only new for-sale offering to be delivered in downtown Seattle in 2019, according to Dean Jones, president and CEO of Realogics Sotheby’s International Realty.
“Burrard Group anticipated the condominium comeback, and NEXUS is now well positioned to offer new inventory at a time of anemic supply,” he says. “I can understand the preference to retain unsold homes and price in a progressed market closer to delivery. The market shows no sign of slowing down, and current trends suggest values would be higher when they are ready for tours and immediate move-in.”
Jones says presales at NEXUS offer consumers an important opportunity to lock in a future purchase with a deposit that is relatively modest when compared to those required in other similar metropolitan markets. Once a buyer has secured their home for presale, they can plan ahead for their move and prepare any currently owned homes for resale within a rising market.
“One of the reasons there is so little inventory on the market is buyers worry about finding a replacement home in a competitive market,” he says. “NEXUS offers a compelling opportunity to either downsize from a single-family home or move-up from a current condominium through a presale. An initial 5 percent deposit is all that’s required while Burrard builds your new home, with your choice of three color schemes as well as elegant, personalized options.”