Burrard Group announced that they have accepted 244 "first-position, unit-specific reservations for priority presales" for Nexus, a 374-unit high-rise condo tower at 1200 Howell Street in downtown Seattle.
People didn't just show up for a shot at these new condos. They camped out.
Several groups camped out overnight to ensure a first place in line while a crowd of approximately 130 were queued up by 11am on June 4th when the reservation event commenced. Prospective homebuyers were offered an individual home for priority presale with a price range for a $5,000 fully-refundable deposit to be held in escrow. Reservations will convert to a Purchase and Sale Agreement during the Fall of 2016, commensurate with the opening of a formal sales center and the ground-breaking of the development. NEXUS is scheduled for occupancy by mid-2019.
Prices on these new condos start in the low $300,000s for studios and work their way up to open one-bedrooms, two-story lofts and penthouse units that reach as high as $3,000,000. The twisting block design of the tower also means many units will feature distinct views and angles.
Of the 244 units reserved, 60 do not include parking stalls while 32 will share unassigned "Flex Parking" spaces via an app. Every other home reservation included at least one parking stall while larger condos have access to a second spot.
· Burrard Group Conforms 244 of 374 Condominiums Reserved [RSIR]
· Buyers camp out for first shot at condos [DJC]
· 41-Story Condo Tower Planned at 1200 Howell Street [CS]