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Amy Kate Horn
on July 19 at
The Smith Tower, our oldest and coziest skyscraper, may soon go condo.
Did I mention I'm opening a club there too?
I'm sure they'll love that.
So, where will all the junkies who sleep in the neighboring park go once they get chased away? Anyone want to take bets?
Hmm, maybe I can use my new club as a rooming house for the junkies after the mayor makes us stop serving drinks?
After all, it's only fair.
RedFin: Do We Really Need All These Luxury Condos in Downtown Seattle?
"So how many condos over a mil have sold in the last three months? I only found three condos, thatís only one per month. At that rate, itíll take quite a while to sell off all the listed inventory."
I'm not holding my breath. The linked article makes clear the owners haven't pulled the trigger, and are just moving the condo idea through the process with the City. This outfit bought Smith Tower at the peak of the RE market--from Samis, which timed its sale perfectly--and now has to be kind of wondering how to minimize their losses if our real estate market really has begun a slow, long cycle downward. Condos have the advantage for developers of permanently shifting economic risk onto whoever buys a unit. With commercial leasing your tenants can--and in the case of the Smith Tower recently, do--just tell you to fuck off, and leave you holding the bag. I'm guessing that since owner Walton is Chicago-based, Chicago's fast-tanking residential/condo market will make them look long and hard before doing a conversion like this.
The veryt op of the tower, with the pitched roof, is a sweet ass condo that one of chihuly's friends lives in. There is a picture tour somewhere on the internet with some sweet ass phtots.
I guess it used to be a water tank, now its a condo with 30 foot high cielings.
I would dig that!!
Oh, and to all you condo haterz, you are just jealous you can't afford a condo. Real estate is the purview of the people with jobs and lives. Pulling espresso, working at record store/clothing store/ delivering pizza don't cut it.
ecce homo @ 6:
It's now my turn to tell you to shut the fuck up. I make more than the King County median income, and I have an office with a door that closes and an assistant. I have a "good job" and I won't afford a decent condo. The damn things are too expensive. The market is over-priced. And, if you bought a condo in the last three years, somebody like me is going to take advantage of you about five years, by buying your condo for less than you paid for it.
I remember the photo tour of the home in the triangle in Pacific Magazine a couple years back. Here's a peek inside:
I think I heard Ivar himself used to reside up there.
Thats it AKH!
Very cool stuff...
Don't complain to me about how poor you are. Its called the market economy. Its what the market will bear.
Besides, if all you can afford is a 250,000 dollar house, you shouldn't be living downtown with the rest of us. Move to the burbs dood.
These condos don't cost nothing to build. They have to make a profit. THats the way it works - a primer for all you aspiring marxists.
Ivar didn't live up there - it was where Ivar let his building's caretaker live rent-free. I remember an old TV news feature on it - the guy who had the job was groovy and unpretentious.
As in, "Ivars"?
Did he own the building or what
ecce- take a break man. you dont have to be an oaf all of your life.
Yeah, duh, Ivar Hagglund of Ivar's. He bought the Smith Tower in 1976 and flew a huge salmon windsock from the top. History link has the details:http://www.historylink.org/essays/output.cfm?file_id=2499
Something tells me that this ecce homo isn't the real ecce homo. While he's as bitchy as the real one, he doesn't seem as literate.
L. C. Smith also manufactured typewriters - a lovely machine (now passe) that utilized ribbons and paper and carbon and made a comforting workplace noise). Fascinating to learn that the white terra cotta facing of the Smith Tower repels ordinary dirt. Wonder why they didn't think of something like that for the Seattle public library with its myriad window panels never again to be simultaneously sparkling and clean.
Per the snarky "I've got mine..." ripostes: "Living well is the best revenge - try it."
@15 - Well, he doesn't look too bitchy in this Renaissance candid camera shot.
What do you mean? EH is the one on the far right of the pic.
The ecce homo here sounds about 14, and has a shallow and cheeful "If you're not rich like me you suck" kind of superiority, not like the normal EH's indignant and wounded moral superiority.
My guess: Today's EH may or may not have any money, but if he does he sure as hell didn't earn it himself.
I wondered, too, if this sloppier version was an imposter, but he's not. Thus far there's only one EH.
re cts about condos - a number of us actually own our own - mine just got a tax assessment of $401,000 which is a rolling average of the last three years.
But you can find them for $125,000 in the city if you know where to look, including ones with views and near bus lines. Even in Wallingford.
New keyboard and tv monitor. Chalk it up to difficulty seeing.
Thanks for your concern everyone.
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