The Mark Company Monthly Reports Downtown Seattle. December 2017

Transcription

1 The Mark Company Monthly Reports Downtown Seattle December 2017

2 Contents Map of Coverage New Construction Pipeline Summary Disclaimer Notes 1) New Construction developments are either actively selling for the first time or a rental development that has been converted to for sale and is now actively selling. Most recent closings include the last 10 reported closings that have price and square footage included. 2) developments have completed their original sales process and are now being tracked for resales. Most recent closings include the last 10 reported closings that have price and square footage included. The list may include both new and resale closings as noted. 3) This report covers new construction developments with 20+ market rate units and selected sold out developments with 50+ market rate units located in the downtown Seattle, South Lake Union, Belltown, Capitol Hill, First Hill and Denny Triangle areas. 4) Assume that developments in the New Construction section are actively selling units unless noted otherwise. In addition, list prices and number of units available are based on the month of the report and closings are based on what has been recorded to date. Please note that closings can take days to be recorded. 5) On Market refers to the date the s Center opened. 6) Average Absorption is calculated from On Market through the date of the report. It accounts for units both in contract and closed. 7) Average /SF is calculated using only units where both square footage and price are known. Average /SF is defined as the average price divided by the average square footage. Averages are weighted averages. 8) Developments are considered once the last Market Rate unit has closed OR there have been three months without a closing, all units are in contract and the s Center is closed (e.g. there is no active marketing).

3 Queen Anne Ave N 1st Ave N 2nd Ave N 4th Ave N 6th Ave N Occidental Ave S 2nd Ave S 3rd Ave S Crawford Pl Nagle Pl Broadway Ct 10th Ave 10th Ave 11th Ave E 11th Ave 13th Ave 14th Ave E 14th Ave S Malden Ave E 16th Ave 16th Ave 17th Ave 8th Ave N Pontius Ave N Summit Ave Belmont Ave 16th Ave S 17th Ave Aurora Ave N Dexter Ave N Alaskan Way S 13th Ave Minor Ave N 17th Ave S Yale Ave N Eastlake Ave E Melrose Ave E 5th Ave S Bellevue Ave Summit Ave E Maynard Ave S Belmont Ave E 7th Ave S Boylston Ave 8th Ave S Harvard Ave Broadway 11th Ave 14th Ave Map of Coverage Republican St Harrison St John St Alaskan Way Bay St Elliott Ave Warren Ave N Eagle St A B Mercer St Clay St Puget Sound Republican St Harrison St 5 Thomas St Space Needle Cedar St Broad St Western Ave Vine St Alaskan Way 5th Ave N Denny Way 4th Ave Wall St 1st Ave 2nd Ave Taylor Ave N 3rd Ave John St Battery St Bell St Lenora St Post Aly Pike Pl 4th Ave Blanchard St D C 3rd Ave Virginia St 5th Ave Pike Place Market 8th Ave Western Ave Alaskan Way Viad 6th Ave F K 7th Ave Pine St 1st Ave G Westlake Ave Pike St 2nd Ave 3rd Ave Post Ave Western Ave Alaskan Way Boren Ave N 9th Ave 4th Ave J Stewart St Post Ave Terry Ave I E University St Union St Seneca St Spring St Fairview Ave N 5th Ave Virginia St Olive Way 6th Ave Madison St Marion St Minor Ave 7th Ave Columbia St Howell St Cherry St Convention H James St A Bus Ln Hubbell Pl 8th Ave Terry Ave 7th Ave Prefontaine Melrose Ave Pine St Minor Ave Jefferson St E Denny Way Union St Boren Ave Spring St 8th Ave 5 E John St E Loretta Pl University St Yesler Way E Howell St E Olive Way Seneca St 9th Ave L E Pike St Jefferson St Summit Boylston Ave E Terry Ave Harvard Ave E Denny Way E Pine St M Boylston Ave 8th Ave Marion St Minor Ave Terrace St Alder St E John St Boren Ave Spruce St O E Harrison St 10th Ave E E Republican St E Thomas St E Columbia St E Fir St E Spring St 11th Ave E Jefferson St E Terrace 12th Ave E 13th Ave E 12th Ave 12th Ave 12th Ave E Yesler Way N E Madison St 13th Ave E James Ct E Remington E Spruce St 15th Ave E E Howell St E Olive St E Marion St 14th Ave 14th Ave 15th Ave 15th Ave 15th Ave E Union St E Cherry St E Fir St E Thomas St 16th Ave 16th Ave E John St 17th Ave S Washington St Boren Ave S S Washington St 2nd Ave Ext S S Main St S Main St Alaskan Way S King St Railroad Way Bus Ln 6th Ave S S Weller St S Jackson St S King St S King St 12th Ave S S Weller St B S Lane St S Lane St S Lane St Qwest Field S Charles St h Ave S S Dearborn St 167 Rainier Ave S S Dean Poplar S Dearborn St A B New Construction Nexus Howell Street Gridiron Occidental Avenue A B AC D AE F AG H AI J K L M N O Gallery nd Avenue The Parc - 76 Cedar Street, 81 Clay Street Insignia Bell Street; 583 Battery Street Cristalla nd Avenue Escala th Avenue nd Avenue Four Seasons Residences - 99 Union Street 5th & Madison th Avenue Olive Olive Way The Cosmopolitan Virginia Street Enso Blanchard Street Luma Seneca Street The Press & 1620 Belmont Avenue The Braeburn & 1420 East Pine Street Brix Broadway Avenue East

4 New Construction The following section contains sales information and updates for actively selling developments with 20+ Market Rate units in the downtown Seattle, South Lake Union, Belltown, Capitol Hill, First Hill and Denny Triangle areas. Project List* Gridiron Nexus * Sorted in alphabetical order

5 New Construction 589 Occidental Avenue 107 October 2015 TBD Daniels Real Estate $500 - $1,100/month Average Absorption 3 units/month Projected /SF $850 Gridiron Previously known as Stadium Lofts, Gridiron will offer 107 contemporary residences on top of a historic masonry building. The development will consist of 60 studios, 38 one bedrooms and nine two bedrooms with 9,700 square feet of retail. Gridiron is located in Pioneer Square, home to many cultural and neighborhood amenities. s are scheduled to commence in October s Status 0 closed 77 in contract 30 available Available list prices as of December 2017: Studio Starting List : $399,000+ Starting Size: SF Starting List /SF: $742 - $871 One Bedroom Starting List : $559,000 - $701,900 Starting Size: SF Starting List /SF: $783 - $845 Two Bedroom Starting List : $761,900 - $1,199,900 Starting Size: 915-1,726 SF Starting List /SF: $695 - $833

6 New Construction 1200 Howell Street 374 June 2016 TBD The Burrard Group TBD Average Absorption 20 units/month Projected /SF $1,100+ Nexus Nexus is a 44-story high-rise located in downtown Seattle. Owners will have access to a wide array of amenities, including a lobby with retail space, fitness center, co-working space, dog run, media facility, lounge and rooftop level Sky Lounge with social space, a chef s kitchen, private dining room, bar, recreation room and terrace with an open air kitchen and fireside lounge. s Status 0 closed 341 in contract 33 available Available list prices as of December 2017: One Bedroom Starting List : $999,950 - $1,099,950 Average Size: SF Two Bedroom Starting List : $979,950 - $1,799,950 Average Size: 1,011-1,347 SF Two Bedroom + Den Starting List : $1,599,950 - $2,195,950 Average Size: 1,418-1,738 SF Three Bedroom Starting List : $2,199,950 - $3,495,995 Average Size: 1,518-2,142 SF Three Bedroom + Den Starting List : $ 4,799,950 - $4,899,950 Average Size: 2,982-3,095 SF

7 The following section contains selected sold out developments located in the downtown Seattle, South Lake Union, Belltown, Capitol Hill, First Hill and Denny Triangle areas. Project List Belltown nd Avenue Cristalla Escala Four Seasons Residences Gallery Insignia The Parc South Lake Union/Denny Triangle Carbon 56 Enso The Cosmopolitan Capitol Hill Braeburn Brix The Press Downtown Luma 5th & Madison Olive 8 * Each sub-market is sorted in alphabetical order

8 1521 2nd Avenue 143 November 2008 November 2008 The Opus Group $1,200 - $1,400/month 2011 $1,632 (3 units) nd Avenue The homes include hardwood floors, floor-to-ceiling windows in living area, fireplaces with limestone surrounds. Amenities include a concierge, conference room, landscaped roof terrace, resident s lounge, terrace with outdoor kitchen and outdoor fireplace, fitness center, yoga studio, playroom and bike storage with maintenance facility /1.75 1,824 $2,800,000 $1,535 11/22/2017 Resale /2.25 2,658 $4,600,000 $1,731 9/15/2017 Resale /1.75 1,644 $2,600,000 $1,582 8/28/2017 Resale /1.75 1,968 $2,450,000 $1,245 5/15/2017 Resale /0 2,652 $4,250,000 $1,603 4/28/2017 Resale /1.75 1,824 $2,250,000 $1,234 4/4/2017 Resale /2 1,824 $2,250,000 $1,234 3/31/2017 Resale /0 1,890 $2,800,000 $1,481 3/24/2017 Resale /1.75 1,729 $1,890,000 $1,093 3/16/2017 Resale 904 2/2 1,723 $1,900,000 $1,103 1/12/2017 Resale Averages: 1,974 $2,779,000 $1,408

9 2033 2nd Avenue 191 May 2005 May 2005 Murray Franklyn $570 - $725/month 2010 $901 (11 units) Cristalla Designed by Weber + Thompson Architects, the base of Cristalla features a terra cotta façade of an Italian Renaissance building built in 1906, the Crystal Pool. The homes include hardwood floors, stone countertops, central air and over 9 ceilings. Amenities include a business center, fitness center, resident s lounge and terrace /2 1,612 $1,585,000 $983 11/14/2017 Resale 603 2/2 1,480 $1,075,000 $726 10/13/2017 Resale / $675,000 $832 9/29/2017 Resale /2 1,756 $1,600,000 $911 9/12/2017 Resale /1 928 $870,000 $938 8/11/2017 Resale 200 1/1 746 $610,000 $818 8/10/2017 Resale /2 887 $745,000 $840 8/4/2017 Resale 805 0/1 441 $450,000 $1,020 7/19/2017 Resale /2 1,558 $1,713,880 $1,100 7/7/2017 Resale /2 1,387 $1,300,000 $937 6/23/2017 Resale Averages: 1,161 $1,062,388 $915

10 1920 4th Avenue 269 October 2009 April 2010 The Lexas Companies $500 - $1,500/month 2015 $852 (11 units) Escala Located at the corner of Fourth Avenue and Virginia Street, Escala is surrounded by the exciting Belltown neighborhood. The highly walkable area is rich with fine dining, shopping and entertainment venues. Pike Place Market, the Seattle Art Museum and the vibrant Seattle waterfront are all just moments away. The homes feature 9.5 and 10 foot+ ceilings, hardwood and carpet flooring, Bosch vent-less electric washer/dryers, fiveinch baseboards, Pedini cabinetry, granite countertops, and Kohler fixtures. Amenities include a concierge, fitness center with lap pools, yoga studio and steam rooms, a screening room, carwash services, courtyard, spa with treatment rooms, wine tasting room, wine storage, lounge with kitchen and bar, common area WIFI and onsite dog run / $800,000 $879 11/30/2017 Resale /2 1,607 $1,300,000 $809 10/10/2017 Resale /2 1,607 $1,500,000 $933 9/29/2017 Resale / $735,000 $808 9/11/2017 Resale / $720,000 $791 9/6/2017 Resale 311 2/2 1,607 $949,950 $591 8/17/2017 Resale /2 1,607 $1,941,575 $1,208 7/31/2017 Resale /2 1,607 $1,359,000 $846 7/14/2017 Resale 910 1/ $818,000 $899 6/27/2017 Resale / $730,000 $802 6/21/2017 Resale Averages: 1,259 $1,085,353 $862

11 99 Union Street 36 May 2008 September 2008 Seattle Hotel Group $1,200 - $2,800/month 2016 n/a Four Seasons Residences Ideally located in Seattle s Central Business District, the Four Seasons Residences offers the very best of Seattle living. The homes offer easy access to world-class dining, retail, entertainment and cultural experiences. The residences feature Miele and Sub-Zero appliances, Kohler fixtures, stone countertops and bathroom flooring, rift-cut oak flooring and cabinetry, gas fireplaces, steam showers, motorized shades. The residents enjoy access to a concierge, room service, fitness center, infinity-edge pool, spa deck with outdoor fireplace and bay views and access to the hotel spa and restaurant /2.5 2,082 $2,875,000 $1,381 12/15/2016 Resale /2.5 4,488 $7,155,000 $1,594 9/16/2016 New /1.75 2,399 $3,030,938 $1,263 7/22/2016 Resale /2.5 3,190 $3,600,000 $1,129 1/29/2016 New /2.5 2,211 $2,267,650 $1,026 12/23/2015 New /3 2,224 $2,250,000 $1,012 11/24/2015 New /2 1,023 $1,142,000 $1,116 7/20/2016 Resale /1.5 1,328 $1,350,000 $1,017 12/23/2014 New /2.5 4,132 $5,900,000 $1,428 11/26/2014 New /2 1,992 $2,600,000 $1,305 5/16/2014 New Averages: 2,507 $3,217,059 $1,283

12 2911 2nd Avenue 233 March 2008 September 2008 Schnitzer West $300 - $350/month 2011 $842 (6 units) Gallery The condominiums at Gallery were built with an emphasis on contemporary art. The 13-story community consists of a variety of floor plans including townhomes, lofts and traditional flats. Finishes include floor-to-ceiling windows, hardwood flooring and granite countertops. Amenities include a rooftop terrace, dog park, concierge, fitness center, resident s lounge and guest suites. The development is located in the desirable Belltown area and offers Puget Sound views /1 797 $815,000 $1,023 10/18/2017 Resale 806 2/2 1,066 $773,000 $725 10/13/2017 Resale /1 603 $567,000 $940 9/21/2017 Resale 617 1/1 683 $460,000 $673 8/11/2017 Resale /1 603 $558,500 $926 7/11/2017 Resale /1 586 $479,000 $817 7/7/2017 Resale 705 1/1 571 $458,888 $804 3/31/2017 Resale 409 1/1 603 $404,000 $670 3/9/2017 Resale 909 1/1 603 $440,000 $730 1/9/2017 Resale 314 1/1 603 $390,000 $647 10/28/2016 Resale Averages: 672 $534,539 $796

13 es 76 Cedar Street 81 Clay Street 185 January 2007 October 2007 Intracorp $350 - $700/month 2010 $719 (10 units) The Parc Located in Belltown, The Parc consists of two towers with 185 total units. Upper level south facing homes have excellent views of downtown. The Parc is located just a short distance from the Seattle waterfront and the Olympic Sculpture Park. The residences feature hardwood flooring, granite countertops, Bosch appliances and gas fireplaces. Amenities include a concierge, resident s lounge, rooftop terrace, fitness center and guest suite /1 640 $425,000 $664 10/30/2017 Resale 401 1/1 615 $510,000 $829 10/27/2017 Resale 504 2/1 867 $589,000 $679 10/16/2017 Resale 410 1/1 788 $560,000 $711 10/13/2017 Resale 511 1/1 880 $599,950 $682 10/10/2017 Resale 405 2/1 918 $525,000 $572 8/31/2017 Resale /2 1,016 $725,000 $714 7/21/2017 Resale /2 1,269 $1,045,000 $823 7/12/2017 Resale 824 2/2 1,114 $725,000 $651 7/11/2017 Resale 422 1/1 760 $675,000 $888 7/6/2017 Resale Averages: 887 $637,895 $719

14 es 588 Bell Street, 583 Battery Street 698 September 2013 July 2015 Bosa Development Corporation $400 - $800/month Average Absorption 2017 $1,004 (23 units) Insignia Located in South Lake Union, Insignia is a 698-unit project in two 41-story towers. Select finishes include engineered hardwood floors, carpet, walk-in closets, Whirlpool washer/ dryers, solid core interior doors, marble and quartz countertops, Bosch and Thermador appliance. Most of the units have private balconies or roof decks. Each unit comes with onsite storage. Amenities include a 41st floor resident s lounge, 7th floor open-air terrace with barbeque area, outdoor fireplace, indoor lap pool and spa, steam room and sauna, yoga and Pilates studio, screening room with bar, hotel-like lobby, pet area and grooming facility, gated parking with EV charging stations and car wash bay, bike storage with work area and onsite retail /2 1,523 $1,590,972 $1,045 11/15/2017 Resale Unk 2/2 1,523 $2,105,000 $1,382 10/23/2017 Resale Unk 2/2 1,003 $1,110,000 $1,107 10/20/2017 Resale Unk 2/2 1,476 $1,749,000 $1,185 10/13/2017 Resale /2 1,476 $1,650,000 $1,118 10/2/2017 Resale /2 1,523 $1,650,000 $1,083 9/22/2017 Resale 814S 1/1.5 1,181 $1,000,000 $847 9/15/2017 Resale 217 1/1 922 $805,000 $873 9/14/2017 Resale /1 773 $800,000 $1,035 8/31/2017 Resale /2 1,254 $1,300,000 $1,037 8/31/2017 Resale Averages: 1,265 $1,375,997 $1,087

15 2015 Terry Avenue 56 Back on Market May 2014 May 2007 Kauri $290 - $500/month 2015 n/a Carbon 56 Carbon 56 is ideally located on the border of South Lake Union and Denny Triangle, affording excellent access throughout the downtown Seattle area. The open loft-style residences feature designer flooring, maple cabinetry, stainless steel appliances, slab stone countertops and 9 to 15-foot ceilings. Residents enjoy underground parking and lovely City views. The development originally sold in 2007 and re-entered the market in May /1.75 1,142 $570,000 $499 5/13/2016 Resale 104 1/1 648 $310,000 $478 5/6/2016 Resale 209 1/1 648 $339,000 $523 12/31/2015 Resale 402 1/1 697 $375,000 $538 11/20/2015 Resale 207 1/1 648 $350,000 $540 11/13/2015 Resale 211 1/1 650 $359,950 $554 10/14/2015 Resale 204 1/1 650 $350,000 $538 7/7/2015 New 317 1/1.5 1,242 $522,000 $420 7/7/2015 New 216 1/2 910 $446,500 $491 6/5/2015 New 215 1/2 777 $400,000 $515 5/28/2015 New Averages: 801 $402,245 $502

16 820 Blanchard Street 135 August 2009 December 2009 Vulcan Real Estate $450 - $700/month 2011 $919 (7 units) Enso Located in the exciting South Lake Union neighborhood, Enso residences feature Bosch appliances, hardwood flooring, fireplaces, granite/marble countertops, floor-toceiling windows and Eggersmann cabinetry. The LEEDcertified building offers residents a guest suite, resident s lounge, fitness center and roof terrace /1 891 $880,000 $988 10/31/2017 Resale /1 712 $719,000 $1,010 10/25/2017 Resale /1 683 $685,000 $1,003 9/18/2017 Resale /2 1,129 $925,000 $819 8/24/2017 Resale /2 1,670 $1,550,000 $928 7/3/2017 Resale 701 1/1 891 $740,000 $831 7/3/2017 Resale /1 769 $700,000 $910 6/12/2017 Resale 502 1/1 769 $580,000 $754 3/10/2017 Resale /2 1,279 $870,000 $680 1/23/2017 Resale 704 1/1 683 $535,000 $783 12/21/2016 Resale Averages: 948 $818,400 $864

17 819 Virginia Street 253 January 2006 March 2007 Continental Properties $470 - $625/month 2009 $753 (18 units) The Cosmopolitan Located at Virginia and 9th Street, The Cosmopolitan homes feature central air, granite countertops, hardwood floors and storage. Amenities include a fitness center, spa, guest suite, business center and roof terrace /1.75 1,316 $900,000 $684 11/13/2017 Resale /1 954 $705,000 $739 11/2/2017 Resale /1 722 $568,000 $787 10/27/2017 Resale /2 1,316 $999,500 $759 10/20/2017 Resale /1 818 $730,000 $892 10/19/2017 Resale /1 719 $550,000 $765 10/18/2017 Resale /2 1,316 $1,018,000 $774 10/13/2017 Resale /2 1,324 $950,000 $718 10/13/2017 Resale /2 1,315 $855,000 $650 10/6/2017 Resale /0 419 $385,000 $919 8/25/2017 Resale Averages: 1,022 $766,050 $750

18 1410 & 1420 E. Pine Street Hal Real Estate 153 January 2006 May 2006 $210 - $310/month 2008 $743 (5 units) The Braeburn Located in the highly-desirable Capitol Hill neighborhood, The Braeburn offers easy access to a wide range of dining and cultural attractions. The studios, live-work spaces, lofts, and one- and two-bedroom condominiums range in size from approximately 340 to 1,066 square feet. The development also boasts an 8,800 square foot commercial space. Interiors are appointed with bamboo flooring and stainless steel appliances. Amenities include a 14-seat theater, fitness center, library/lounge with gourmet kitchen, several gardens with rooftop views and waterfalls, an art studio/hobby room, P-Patch and a billiards room /2 1,061 $695,000 $655 9/29/2017 Resale W323 1/1 557 $375,000 $673 8/23/2017 Resale Unk 1/1 679 $545,000 $803 7/25/2017 Resale Unk 1/1 671 $550,000 $820 7/21/2017 Resale Unk 0/1 428 $358,000 $836 7/14/2017 Resale W214 1/1 633 $461,000 $728 3/31/2017 Resale 411 1/1 781 $495,000 $634 2/9/2017 Resale E707 0/1 480 $314,500 $655 2/7/2017 Resale 309 1/1 674 $415,000 $616 10/20/2016 Resale 109 1/1 660 $390,000 $591 9/28/2016 Resale Averages: 662 $459,850 $694

19 530 Broadway Avenue East Schnitzer West 141 October 2006 September 2008 $345 - $560/month 2010 $722 (11 units) Brix Brix offers 141 residences in townhome and flat configurations. The building is located in Capitol Hill, offering excellent walkability, access to public transportation and views of downtown, Elliot Bay, the Olympic Mountains and the iconic Space Needle. Residences feature exposed beams, hardwood floors and up to 15 ceilings. Community amenities include a landscaped rooftop terrace, private courtyard and controlled-access underground parking /1 499 $375,000 $752 10/26/2017 Resale 201 1/1 524 $425,000 $811 10/20/2017 Resale 416 1/1 646 $530,000 $820 10/18/2017 Resale 220 2/2 1,200 $745,000 $621 10/5/2017 Resale 303 1/1 774 $560,000 $724 10/3/2017 Resale 214 1/1 541 $415,000 $767 9/8/2017 Resale 115 1/2 925 $625,000 $676 8/15/2017 Resale 125 1/ $569,000 $749 7/27/2017 Resale 231 1/1.5 1,071 $755,200 $705 7/19/2017 Resale 614 1/1 523 $420,000 $803 7/12/2017 Resale Averages: 746 $541,920 $726

20 Belmont Avenue 141 September 2006 December 2007 Scroth $220 - $300/month 2009 $722 (1 unit) The Press Located in Capitol Hill, The Press is an apartment conversion that originally sold in The studio, one- and two-bedrooms residences feature granite countertops and hardwood floors. Community amenities include a fitness center, roof terrace and bicycle parking /2 900 $650,000 $722 7/18/2017 Resale 606 1/1 600 $479,100 $799 5/25/2017 Resale 415 0/1 480 $315,000 $656 4/24/2017 Resale 604 2/2 870 $620,000 $713 3/1/2017 Resale 121 1/1 680 $500,000 $735 2/28/2017 Resale 205 1/1 620 $451,000 $727 12/28/2016 Resale 605 1/1 620 $450,000 $726 10/17/2016 Resale 305 1/1 620 $445,000 $718 9/8/2016 Resale 615 0/1 480 $365,000 $760 8/26/2016 Resale 404 2/2 860 $601,000 $699 8/12/2016 Resale Averages: 673 $487,610 $725

21 1321 Seneca Street 168 April 2015 September 2016 Lowe Enterprises $363 - $1,007/month Average Absorption 2017 $985 (2 units) Luma At the intersection of where Pike/Pine and First Hill meet, Luma s 168 residences include a mix of live/work, studio, one- and two-bedroom floor plans. Outdoor amenities include a rooftop terrace with 270 degree views, a dog run and barbeque grills. Indoors, residents will enjoy a fitness center, library, private dining room and fireplace lounge. $/ SF /2 1,534 $1,500,000 $978 10/25/2017 Resale /2 1,181 $1,175,000 $995 10/20/2017 Resale /1 851 $820,000 $964 5/22/2017 Resale /1 793 $752,000 $948 3/31/2017 Resale /1 648 $525,000 $810 1/18/2017 Resale /1 846 $644,950 $762 12/29/2016 New 409 1/1 861 $594,950 $691 12/29/2016 New 708 1/1 846 $609,950 $721 12/29/2016 New /1 846 $614,950 $727 12/16/2016 New /2 1,534 $1,350,000 $880 12/16/2016 New Averages: 994 $858,680 $864

22 909 5th Avenue 127 June 2006 October 2007 Beacon Capital Partners $575 - $855/month 2010 $920 (7 units) 5th & Madison Located just a few blocks from downtown Seattle s Retail District, the LEED Gold-certified homes at 5th & Madison feature granite countertops, storage and over 10 ceilings. Amenities include a resident s lounge, library, fitness center, pet facilities, 24-hour concierge, guest suite and terrace. 5th & Madison is considered to be one of the top green buildings in the United States /2.5 2,209 $2,675,000 $1,211 11/7/2017 Resale /1 1,244 $1,050,000 $844 10/26/2017 Resale 302 2/1 978 $645,000 $660 10/26/2017 Resale /1 1,208 $1,100,000 $911 10/12/2017 Resale /1.5 1,243 $1,055,000 $849 9/29/2017 Resale /1 1,244 $950,000 $764 8/31/2017 Resale /1.5 1,244 $1,150,000 $924 6/30/2017 Resale PH3 3/2.5 2,043 $2,350,000 $1,150 5/26/2017 Resale 705 1/1 807 $525,000 $651 4/27/2017 Resale 401 1/1.5 1,241 $755,000 $608 4/21/2017 Resale Averages: 1,346 $1,225,500 $910

23 737 Olive Way 229 May 2007 April 2009 R.C. Hedreen Company $350 - $900/month 2010 $857 (6 units) Olive 8 As Seattle s first LEED Silver Certified hotel/condo building, Olive 8 condominiums occupy the top 22 floors of the 39-story Hyatt tower. The residences are available in one- and two-bedroom floor plans and there are also three luxurious penthouses. Olive 8 homeowners have access to hotel services including valet parking, housekeeping, room service and more. Other residential amenities include a private lounge, concierge, 2,400 SF fitness facility, yoga studio and an in-house spa complete with a sauna, steam room, hot tub and saline lap pool. Finishes include up to 10 ceilings, Pedini cabinetry, Bosch appliances, granite countertops and hardwood floors /1 837 $808,000 $965 10/26/2017 Resale /1 1,092 $880,000 $806 10/2/2017 Resale / $760,000 $923 9/11/2017 Resale /1.5 1,092 $783,000 $717 9/8/2017 Resale /2 1,350 $1,200,000 $889 8/23/2017 Resale /1 657 $585,000 $890 6/6/2017 Resale /1 808 $655,000 $811 5/3/2017 Resale /1 680 $600,000 $882 2/24/2017 Resale /1 690 $610,000 $884 2/13/2017 Resale /2 1,586 $1,435,000 $905 12/28/2016 Resale Averages: 962 $831,600 $865

24 Pipeline Summary Under Construction Approved Under Review

25 Pipeline Summary Condominium & Townhome Pipeline Summary Area Under Construction Approved Under Review Conceptual Planning Bellevue Belltown Central District Downtown First Hill Capitol Hill South Lake Union Queen Anne Totals: ,012 0 Rental Pipeline Summary Area Under Construction Approved Under Review Conceptual Planning Bellevue ,003 0 Belltown 1, ,460 0 Central District Downtown First Hill Capitol Hill South Lake Union 2, Queen Anne Totals: 5,615 1,934 5,646 0 TBD Pipeline Summary Area Under Construction Approved Under Review Conceptual Planning Bellevue Belltown 0 0 4,732 0 Central District Downtown ,050 First Hill Capitol Hill South Lake Union 0 1,197 3,308 0 Queen Anne Totals: 0 1,197 9,831 1,121

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