Condominium Blog



For Summer Foodies


It’s been a while that we blogged about how Bellevue being this food heaven for various kinds of cuisines. But since summer is coming and we get more and more sunlight, people just want to eat, drink and be merry. Back in April, Bellevue Downtown Association’s Bellevue Downtown Forum hosted the 2012 Haute Picks contest, to honor local businesses for helping make the community a great place to live, work, and play. This is 10th annual Haute Picks awards and all the votes are down online from February through April 2012. Some highlights of the winners includes:
Best Casual Business Meeting Spot:
520 Bar & Grill (6th-year winner).
Best Uniquely Downtown Bellevue Experience: “Snowflake Lane” (6th-year winner).
Best Place for Sushi: FLO Japanese Restaurant (3rd-year winner).
Best Seafood Restaurant: Seastar Restaurant and Raw Bar (6th-year winner).
For more detailed award list:

Good news is that foodies is going to have a fantastic summer at eastside this year. Just last week, Heavy Restaurant Group officially opened Cast Iron Studios in downtown Bellevue. It’s a catering service for hosting intimate parties, large private events, and specialty food and wine workshops led by Heavy Restaurant Group’s chefs, wine directors, and bartenders. The company will also use the space as a catering hub, with access to the menus of Purple Café and Wine Bar, Barrio Mexican Kitchen & Bar, and Lot No. 3. It will feature food and wine workshops with topics ranging from “Pacific Northwest Cuisine” ( will taught by the company’s executive chef, Harry Mills); to “A History of Whiskey” (Chris Faber, bar manager at Lot No. 3).

Photo courtesy of castiron-studios.com

We also recommended in one of our older post about opening of Koral Bar & Kitchen  at downtown Bellevue! Have you tried those delicious plates such as truffle fries, specialty sliders and homemade gnocchi yet?






Seattle/Bellevue Condo Updates


According to the Seattle Condo Blog, Seattle Condo market showed robust activity through the first quarter of 2012 (January – March). Compared to first quarter 2011, closed condo sales increased 9.2% to 404 units. In different neighborhoods,  “South and Northeast Seattle reflected highest increase in closed sales, doubling the number of units sold. Queen Anne / Magnolia and the downtown area realized fewer sales in the quarter compared to last year.  South Seattle was the only area in the city that exhibited improvement in the median sales price, while Queen Anne / Magnolia had the largest decline. The blog also pointed out that the market has changed  significantly over the past 2 months and the initial numbers for April sales are showing a great deal of improvement comparing to the first quarter.

Like Seattle, condominiums in downtown Bellevue also suggested rather positive sales trend the first quarter as well. Here is some statistics for the three remaining new construction condominiums in downtown.
” 1. Bellevue Towers
Sales Activity 2012: 55
Total Sales %: 58% Sold

2. One Main Street
Sales Activity 2012: 6
Total Sales %: 96% with 5 homes remaining

3. Washington Square
Sales Activity 2012: 55
Total Sales %: 58% sold.

Links:
First Quarter 2012 Seattle Condo Report
Seattle “New” Condo Round-Up

 











More Proposed Development for South Lake Union


According to the New York Times, Amazon has single handedly driven down the vacancy rate in the area by 12.4%.  Along with driving down vacancy, Amazon has sparked new found interest in further developing the South Lake Union Area.  The development has caught the eye of Grey Star Real Estate Partners and preliminary paperwork has been filed for the construction of a 7-story, 290-unit apartment complex directly across the street from Amazon’s headquarters.






Koral Bar & Kitchen Now Open in Bellevue


Exciting news for Eastsiders! Foodies can look forward to a NEW dining experience in downtown Bellevue at Koral Bar & Kitchen! With delicious, yet comfortable plates such as truffle fries, specialty sliders and homemade gnocchi, Koral is designed as an “American kitchen” with upscale bites and an inviting, comfortable feel. Koral also serves weekend Brunch for those wanting another Breakfast option!  Let us know how Koral stacks up to your other favorite Bellevue eateries.






Best of Downtown Bellevue


Which Bellevue restaurants and other downtown businesses are at the top of your go-to list? Place your votes during the 2012 Haute Picks contest happening now! You can submit your ballot online and see if your picks are the most popular when the category winners are announced at the Bellevue Downtown Association’s Bellevue Downtown Forum event on Wednesday, April 25, at the Hyatt Regency Bellevue. The 20 categories range from “best place for a first date” to “best place to workout”.  For the complete list, as well as how to submit your votes, visit the Downtown Bellevue Network website.

 






Seattle Condo Market: Trends for 2012


Jeff Reynolds of Urban Condo Spaces has reported that the first quarter of 2012 will be quite impressive in terms of Seattle condo sales.  He also predicts that the market could be moving in favor of sellers with more and more condos available under the $400,000 price point.  Check out his article to find out more about the predicted upward trends and the Cristalla condos’ gold medal-worthy sales.






Lunchbox Laboratory Opens in Bellevue


When the original LunchBox Laboratory opened in Ballard years ago, it made news as a burger shack unlike any other, with its over-the-top flavors and use of high quality ingredients, and now that it’s come Eastside, it’s prepared to satisfy and entertain food fans with its unique blend of flavor and nostalgia. Bellevue’s LunchBox Laboratory has both a restaurant and a full bar, with their hours easy to remember – open daily, 11 to 11. LunchBox Laboratory is located at the base of 989 Elements apartment building.






Amazon’s Venture in Seattle’s Denny Triangle


Amazon is once again expanding its footprint around the South Lake Union neighborhood. According to a report from the Seattle Times, Amazon.com will be purchasing 3 blocks of commercial property in the Denny Triangle from Clise Properties.

The company’s impact  on downtown Seattle is evident in the vast array of new shops, restaurants, and entertainment available in South Lake Union.  Plans for the Denny Triangle space include three separate office towers with 1 million square feet of office space each.  If built, the three buildings would contain nearly twice as much office space as the Columbia Center, Seattle’s tallest building. The move would double Amazon’s presence in South Lake Union, creating a likely increase in pressure for rentals and homes for sale in the area.






Businesses Want to Attract Young Families to Downtown Seattle


The Downtown Seattle Association is making a big push for younger families to remain in the downtown area when their children reach school age.  The association is working on two major initiatives in order to facilitate the push including plans for an outdoor play area and a downtown elementary school.  With more and more young tech prodigies moving to the Seattle area, it makes sense that the city should make room for their families as well. Visit www.seattletimes.com for the full story.