Construction of Seattle Seawall to Start This Week

rerouteWork to replace Seattle’s deteriorating seawall will begin this week. About 175 parking spaces under the viaduct between Madison Street and Pike Street will be displaced during construction of a temporary road. Traffic will be redirected to a new roadway in January as Alaskan Way will be closed during the construction of the new seawall which is said to finish in Spring 2016.

Access to all businesses along the waterfront will remain open. Arrangements have been made by the city with parking garages near the area to offer short-term parking rates at the price of city on-street parking. About 226 parking spaces have already been removed from King Street to Madison Street to make way for construction. Eventually all parking will be eliminated down to Virginia Street as work progresses. Construction will be done Monday through Saturday with the noisiest work done before 10:00pm.

Proposed Pike Place Market Waterfront Park Plan Released

planPlans for the proposed waterfront park connecting Pike Place Market to the waterfront have been released. The plans were designed by market officials and a team from Miller Hull and consists of 30,000 square feet of public terraces with views of Elliott Bay and the Olympic Mountains, commercial space available for local produce vendors, restaurants with outdoor seating as well as Pike Place Market vendors and a pedestrian walkway which will connect to the Seattle Aquarium and allow access to the waterfront. The new building and terrace will be built of timber and glass canopies.

Some vendors are excited about the plans but are a little skeptical regarding the look of the proposed project. They are concerned that the timber and glass will not flow with the rest of the Pike Place Market image and character. The market was developed and built over time which added to its character with a variety of styles and colors. Those concerned about the look hope that the new plan will also add some variety.

The proposed plan is estimated to cost $60 million to $68 million and will also include a new 300 stall parking garage and a 40 unit low-income housing complex for seniors. It is possible construction could start next year.

Floating Homes: Life On the Waterfront

After Sleepless in Seattle put the Seattle Floating Homes Community on the map, people have been flocking to Seattle to seek out Tom Hank’s waterfront lifestyle. Many people dream about living near the waterfront, but few take the leap to actually live on top of the water. People living on the Lake Union waterfront community live in homes that sit on buoyant platforms that are docked and plugged into our electrical grid, and receive water and sewage services from the city.

Famed Sleepless in Seattle Houseboat

There are only a few floating home communities in the US, and the Seattle Floating Homes Association has helped the community to stay afloat today. People have been living in the community for over a century now, but life on the water was not as glamorous as it’s perceived today. According to CNN Money, the waterfront community used to be used for industrial purposes and shipping services. Sewage and waste was often dumped right  into the water where their homes sat! Today floating homes can sell for as little as $200,000- $2.8 million. For more information on currently floating homes for sale, click here.

 

Historic Innis Arden Neighborhood

The historic Innis Arden neighborhood in the Shoreline area is in the spotlight of the Seattle Times this week; with it’s mere 534-home small town appeal, watershed park, and beautiful private beach, it’s no surprise why so many seek to call this enchanted forest home.

Photo Courtesy of Innisarden.com

Over the past few decades, very few of the homes here have changed hands, moving from one generation to the next, and when houses were sold, they did so within days, especially those under the $1 million mark. The neighborhood itself sits on more than 675 acres, with no sidewalks in sight, and no overhead streetlights. Many of those seeking to move to the area are taking after local aerospace hero Bill Boeing, who  took off 80 years ago in search for a serene hunting and fishing retreat from his mansion in the Highlands, and stumbled upon Innis Arden. For more information on the neighborhood and it’s connection to the Highlands area, visit the Seattle Times.

Madison Park Rental – Available for $2,375 a Month

The Madison Park neighborhood is known for their waterfront homes, views of the NW mountain ranges and short distance to several neighborhood parks. If you’re looking for a waterfront property to rent in the Seattle area, this gorgeous corner unit next to Madison Park beach and park is now up for grabs. This two bedroom one and a half bath unit is near several shops and restaurants in the area, including the Madison Park Conservatory, The Attic and Cactus eateries. The Madison Park neighborhood is said to be one of the best around Seattle, and if you’d like more information regarding this waterfront rental, please contact Ewing and Clark.

Seattle Real Estate – August 4th

Downtown SeattleSeattle Residential Real Estate:  Existing homes sale were at a 4 year high this past June, but new home homes sales were the lowest in 17 years (I am guessing a factor is less are being built).  As a combination, home sales were up 16.5% from May, but down 2.4% from last June.  To get more of the real estate numbers.

National Real Estate News:   The founder and former CEO of ForSalebyOwner.com listed his New York condominium on his own through online classified ads and for sale by owner websites, but after six months, he opted to hired a real estate agent.  The home received several offers and sold for $2.15 million: $150,000 above asking price.

Other National Real Estate News:  Pending home sales are up 2.4% in United States and 6.4% in the West.  Click link for more information.

Seattle Waterfront is Hot:  Seattle Waterfront home sales is up 12% for the first half of 2011 as compared to 2010.  Here is a blog about multiple Seattle waterfront home sales in Denny Blaine.

Seattle Office Space:  Word on the street is Facebook is looking for office space in Downtown Seattle.

Seattle Stadium News:  Will Seattle ever get a new stadium for a NHL team or an NBA team?

National Foreclosures:  Not a great news for foreclosures in the United States especially in Midwest were Bank of America is tearing down some foreclosures.

Significant Seattle Waterfront Sale

Seattle WaterfrontThe greater Madison Park area including Washington Park and Denny Blaine have maybe the most sought after waterfront homes in Seattle.  The lots are generally large and private and with the neighborhoods’ proximity to Downtown Seattle the location is very desirable.  In addition, waterfront lots between Madison Park Beach and Madrona Park Beach are rare – there are only about 50 Seattle waterfront homes between the two beaches (not including the condo buildings next to Madison Park Beach).

According to the Northwest Multiple Listing Service only five Seattle waterfront houses have sold since the beginning of 2009 between Madison Park Beach and Madrona Park Beach.  Just this month this idyllic Denny Blaine waterfront home became the 5th of these homes that sold.  The 7 bedroom home was last listed for $4,990,000.  A rare transaction where waterfront is not often available.