Insignia’s two towers.  Photo: Bosa Development

Insignia, as in “signature”, definitely makes a mark. Numerous amenities, accessibility, and a great view: these are some primary features of luxury living in this 41-story building. It inhabits a full block at 583 & 588 Bell Street in the Denny Triangle area. The north tower opened in Summer 2016, and the south tower in Spring of 2015. Originally the building was scheduled for construction much earlier, but it was stalled for a while due to previous economic instability in the market.

The downtown corridor is reportedly short on permanent housing, as opposed to rental properties. At the time of this writing, there were only a few available living spaces left of Insignia’s 700 units in both towers. Homes range from $500,000+ to over $2 million, depending on the amount of space/footage and the view available. Dimensions vary from 868 to 2,520 square feet.

40th Floor Penthouse, Insignia.  Photo: Tucker English/Puget Sound Business Journal

According to Nat Bosa of Bosa Development, he always strives “to focus on timeless design and lasting, quality materials” for each of the residences he’s created here in the U.S. and abroad, so people are satisfied long-term with their living space. A modern approach was applied to the $450 million project, and many comforts were made available for ease of living. Mitchell Freeland Design was instrumental for interior design elements within these living quarters. Quartz countertops, engineered hardwood floors, fine cabinets, and other touches prevail.

2-Lap Pool. Photo:

Fitness Room. Photo:

Some of the comforts/amenities available:
˖ fitness options, such as a loaded fitness equipment room and a yoga/pilates studio on-site
˖ a glass atrium with indoor lap pool and spa (North Tower)
˖ pet care services, including an outdoor pet retreat, plus pet wash and groom area
˖ 1,000 parking garage spaces for 700 units
˖ bike storage with a work area
˖ attendant working in lobby
˖ private screening television room
˖ park-like community space, outdoor fireplace, seating area, and built-in grills, all on the 7th floo
˖ steam room and sauna (North Tower)
˖ stations to charge electric cars
˖ car wash bay

Accessibility to downtown Seattle:
Insignia currently has a Walk Score of 98 of 100 because it is so convenient to reach businesses, services, and nightlife in the surrounding neighborhoods. Being located at the crux of Belltown and Lake Union, Insignia is close to many large, local employers as well. It also has a Transit Score of 100 for accessing public transit and a Bike Score of 88.

Lounge at Insignia. Photo:

And the great view:
There is a wide-view Sky Retreat Lounge on the 41st floor that any resident can access. And many of the homes have an unimpeded interior view of the Seattle Center, Elliott Bay, or other sights, depending upon the dwelling’s location in the building.

Insignia takes downtown living to a new level, in more than one way.

King County Home Prices Have Double Digit Rise!

This has been the third straight month in a row that we’ve seen a year over year price increase in King County, and it’s definitely the largest! According to the Seattle Times, for the first time in five years, we’ve seen a double digit increase, with the median value in homes estimated at $380,000, a 10.1% rise since June of last year. The last time there was a year over year double digit increase was back in 2007, when the median also hit an all time high of $481,000.

Denny Blaine Home listed for $3,895,000

After the high, the inevitable countrywide median housing drop occurred, falling nearly 36% nationwide, dropping down to $308,125  this past February. According to the Times, this June was a jaw dropper, with 23 or 29 King County areas experiencing a year over year increase, with 13 of them in the double digits! While not as impressive as King County, Snohomish and Kitsap County also saw slight increases, and condo prices in King County went up nearly 5% as well. For more information on the price of homes in King County, visit Ewing & Clark Inc.

Bosa Starting Construction Soon On 2 Condo Towers

Seattle Condos

Photo courtesy of the Daily Journal of Commerce

Bosa Development Corp is planning on beginning the first construction phase of a gigantic condo project within the next two weeks. There will be two 41-story, 335 unit condo towers in the Denny Triangle Regade, just a block or so away from where Amazon plans to build three office towers. According to the Daily Journal of Commerce Bosa’s president Natale Bosa said “construction will be done in two phases on a  full block site between Battery and Bell streets and Fifth and Sixths avenues.”

The construction plans include 36,000 sf of retail space below the two towers, a swimming pool, lounge area and exercise room, and 900 parking stalls. The project will cost roughly $350-$400 million, and the first tower is scheduled to open at the end of 2014. If the market turns around, and the first tower fills, the second tower will begin. The is the first condo development to be built downtown in five years! For more information, visit the Seattle Times.

Downtown Seattle Condos Starting to Fill Up

Downtown Seattle Penthouse Condo Available

The past two years have not been promising for the Seattle Condo Market, and condo developers are finally starting to see a turn around in the Downtown area. According to the Seattle Times, roughly two dozen new projects were at work between 2007-2010 during big the real-estate crash. Many of those who bought the pre-sale backed out and several developers ended up converting their buildings to rental units to cater to the economy. Those who stuck it out had to slash prices, and in many cases had to lower the costs by up to 40 percent.

Today the market is starting to look more appealing and beginning to have the first signs that it will bounce back. A few good indicators include Escala raising  some of their prices; one of the largest downtown projects to date, Escala did so quietly, with the majority of their condo units selling for 99% of the asking price, they’ve begun upping the anty as their inventory gets smaller. Also of the 2,500 condo projects that have been built in downtown and surrounding areas, fewer than 250 units is left unsold. There are currently no new projects in place; most developers and lenders have put condos on hold to allow the market to recuperate. If you’re interested in learning more about finding a condo in the Seattle area, here is a list of available units.