Because of it’s location, the Newmark Tower has become a personal favorite. It’s 1 block away from Pike Place Market and 2 blocks away from downtown’s retail core. The only other option is 98 Union, which lacks the views you can get at the Newmark (not to mention 98 Union is pink). However, there are currently 5 new condominium developments within a 3 block radius including; 2nd and Pine (1 Hotel), Four Season’s and Fifteen Twenty-One. All of which will be priced well above the median home costs.
Stats show that there’s no need to worry about them selling. Apparently there’s not only the need to provide housing to keep up with the city’s growth, but also a real desire to be near Pike Place Market as stated in a recent article by Aubrey Cohen at the P.I.. The article also mentions that current plans have, “surprised some longtime Seattle residents, who knew the Market area for strip clubs, drug dealing, parking lots, rundown buildings and scruffy businesses.”
I do agree that the area is prime real estate because of it’s proximity to the market, shopping and restaurants. Let’s say that the area has a lot of potential. But, I’m wondering what happened to the deal made with the city regarding height restriction and affordable housing. Wasn’t the deal made under the agreement that developers would need to insure affordable housing? How come every new condo development downtown is a contest of who’s more luxurious and expensive? How are developers and/or the city providing affordable housing by building the most expensive condos in an area that needs housing the most?
Oh yeah!
…and has anyone heard if Trump has picked his location yet?
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icon(s) are courtesy of the Northwest, 
seattle 