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High-rise condominiums make public sales debut

March 17, 2017Viki ZabalaNews

As seen in The Seat­tle Times.

SEATTLE — NEXUS, a high-rise project at the north­east­ern cor­ner of down­town, will open for sales March 18 begin­ning at 11 a.m.

The sales cen­ter and mod­el home are locat­ed at 2609 First Ave., and prospec­tive home­buy­ers are encour­aged to tour ear­ly for the best selec­tion and intro­duc­to­ry prices that will range from less than $500,000 to more than $3 mil­lion.

NEXUS is set to deliv­er homes by mid-2019, and bro­kers antic­i­pate that the inven­to­ry will sell at a rapid pace con­sid­er­ing it is the only new sup­ply of high-rise con­dos expect­ed until the next decade, says Chris­tian Chan, the exec­u­tive vice pres­i­dent of Bur­rard Group, the devel­op­er of NEXUS.

“Our devel­op­ment team and our home­buy­ers share a great sense of tim­ing,” he says. “The mar­ket fun­da­men­tals are extra­or­di­nary for new con­do­mini­ums, yet sur­pris­ing­ly, NEXUS is the only oppor­tu­ni­ty.”

Chan points to recent­ly com­plet­ed high-rise con­do­mini­ums, such as Insignia in Bell­town and LUMA on First Hill, which are sold out. And resales have been sell­ing at an aver­age of 18 per­cent high­er than pre­sale pric­ing, accord­ing to North­west Mul­ti­ple List­ing Ser­vice data.

“That’s not sur­pris­ing con­sid­er resale inven­to­ry in down­town Seat­tle has aver­aged just 40 homes with a medi­an ask­ing price of around $1 mil­lion,” Chan says, not­ing a pent-up demand for own­er­ship, espe­cial­ly at price points below $1 mil­lion where inven­to­ry remains in short sup­ply.

“The chal­lenge is the­se new con­do tow­ers take up to four years from incep­tion to com­ple­tion, so buy­ers real­ly need to plan ahead,” says Dean Jones, pres­i­dent and CEO of Realog­ics Sotheby’s Inter­na­tion­al Real­ty, the list­ing firm for NEXUS. “The good news is you can lock in your price today at NEXUS and use 2019 dol­lars, and an ini­tial 5 per­cent earnest deposit will hold your posi­tion.”

The kitchen in the mod­el home includes Quartz coun­ter­tops and full-height back­splash.

Bur­rard has built out a 5,000-squre-foot sales cen­ter that includes a full-scale, ful­ly fur­nished two-bed­room mod­el home. With inte­ri­ors designed by Weber Thomp­son Archi­tects, the liv­ing space fea­tures many of the attrib­ut­es that will be avail­able at NEXUS, includ­ing over­size win­dows with no exte­ri­or columns, and Euro­pean-inspired in-line kitchens (with option island dis­played) with Quartz coun­ter­tops and full-height back­splash.

Built-in appli­ances with match­ing cab­i­net pan­els include a Ger­man-engi­neered Blomberg refrig­er­a­tor and dish­wash­er, Ital­ian-designed Ful­gor Milano range and cook­top with induc­tion heat­ing, and Blan­co under­coun­ter sink with Gro­he facet.

The liv­ing rooms host wide-plank, engi­neered hard­wood floors with the option of extend­ing the­se into the bed­rooms. Buy­ers can choose from three col­or schemes and per­son­al­ize their stor­age with Cal­i­for­nia Clos­ets.

An artist’s ren­der­ing shows NEXUS at its future loca­tion at 1200 How­ell St., in the north­east­ern cor­ner of down­town Seat­tle. (Weber Thomp­son Archi­tects)

A col­lec­tion of home enter­tain­ment, secu­ri­ty, cli­mate con­trol and win­dow cov­er­ing offer­ings by Wipli­ance is avail­able. And the exclu­sive-to-project app “XEN” being devel­oped by Sirqul ties in pre­ferred ven­dor hard­ware and con­trols with a touch of the but­ton, and con­nects home­own­ers to par­tic­i­pate in build­ing and neigh­bor­hood ameni­ties and spe­cial offer­ings.

“NEXUS will estab­lish a new pro­duct cat­e­go­ry for dig­i­tal concierge-like ser­vices,” says Chan. “We could have debut­ed this vision in Van­cou­ver, San Fran­cis­co or Man­hat­tan, but we chose Seat­tle because this city is smart, inno­v­a­tive and high­ly adop­tive of new tech­nol­o­gy. We are very focused on keep­ing XEN future-proof so the plat­form can evolve as the build­ing does. Our sales cen­ter and mod­el home are effec­tive­ly a liv­ing lab where we can test ideas and devel­op the app real time with our home­buy­ers.”

A scale mod­el of the tow­er and anoth­er con­text mod­el of the com­mu­ni­ty help to con­vey the sig­nif­i­cance of the archi­tec­tural addi­tions to the bur­geon­ing East Vil­lage neigh­bor­hood. Bur­rard also part­nered with Z-Axon to lever­age Microsoft’s HoloLens tech­nol­o­gy to allow prospec­tive home­buy­er to be immersed in an aug­ment­ed real­i­ty expe­ri­ence where they can see the phys­i­cal scale mod­el of NEXUS but also a col­lec­tion of holo­grams that sur­round it.

Viki Zabala
http://sirqul.com
Previous Post Geeking Out Inside Seattle’s First High-Tech High-Rise, NEXUS Next Post High-rise condos 75 percent sold in opening week

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Sirqul™ pro­vides an Engage­ment-as-a-Ser­vice (EaaS) IoT Plat­form with Smart Mesh net­work tech­nol­o­gy to dri­ve engage­ment, oper­a­tional effi­cien­cy, rapid inno­va­tion and new rev­enue streams. At the foun­da­tion of Sirqul’s plat­form are 400 APIs, 80 ser­vices, and 30 indus­try focused, cus­tomiz­able white-label appli­ca­tion tem­plates for rapid­ly deploy­ing IoT instances on a scal­able build­ing block plat­form. We are thought lead­ers, engi­neers, cre­ative thinkers and mobile app devel­op­ers with over 23 years of tech exper­tise in device-to-device com­mu­ni­ca­tions, back­end infra­struc­ture and mobile. Our mis­sion is to cre­ate a tru­ly dis­rup­tive and viral­ly adopt­ed full stack IoT plat­form with no heavy lift­ing — hard­ware, soft­ware and mobile. From the small­est devel­op­ment teams to For­tune 50, inno­v­a­tive orga­ni­za­tions use Sirqul to reduce the time from IoT inspi­ra­tion – to real­i­ty.

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