Neighborhood Collection Steals the Spotlight in Seattle

Neighborhood Collection Steals the Spotlight in Seattle

“While a handful of apartment projects have turned into condos in Seattle, the Neighborhood Collection projects are the first nearly completed buildings to switch from apartments to condos as the shortage of homes for sale, while easing, remains acute.”
— The Puget Sound Business Journal

Neighborhood Collection receives coveted press attention, as its team, excited to introduce their latest development to the market, confirmed the “for sale” offering of 133 recently-developed multi-family homes in the highly sought after communities of Capitol Hill, the nearby Pike-Pine Corridor and in the heart of Wallingford with all homes offered from below $400,000 to more than $800,000.

The Puget Sound Business Journal

The Puget Sound Business Journal featured Neighborhood Collection in a recent story saying, “Three mid-rise Seattle apartment projects that are about to open will instead be for-sale condos.” Seattle real estate veteran and principal of Wallingford Development LLC and part of the Neighborhood Collection group, Elliot Severson, had always planned for this as an option, as product in this price range is just not available, especially in the neighborhoods.
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The Puget Sound Business Journal along with a myriad of local, regional and national media outlets, also featured a press release issued by Realogics Sotheby’s International Realty, who is marketing the development. “The time is now to move into homeownership”, says Carlene Pride, Managing Broker of Pride Group NW of Realogics Sotheby’s International Realty. Pride adds, “I’ve been watching these popular in-fill neighborhoods for years and our portfolio will be the first and likely the only, new construction, for-sale offering in the current decade. Waiting will cost more.”
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Daily Journal of Commerce

According to the Daily Journal of Commerce, “A new venture called The Neighborhood Collection has announced that three new multifamily buildings will be offered for sale as condominiums, not apartments,” with prices ranging from under

$400,000 to over $800,000 — not cheap, but not luxury. Elliot Severson of Wallingford Development LLC and part of the Neighborhood Collection group said in a statement, “Our prospective buyers will enjoy this new-construction inventory at attractive price points.”
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Curbed Seattle

As Curbed Seattle notes, “All three buildings are designed by B9 Architects and planned by local developer Robert Hardy. Two of the buildings, Atrium and Edison, are in Capitol Hill and another, Wallingford 45, is, fittingly, in Wallingford.” Between the three buildings, 133 condos will be completed, which, as Puget Sound Business Journal points out, “could more than double condo inventory in both neighborhoods.”
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For more information, read the press release

Carlene Pride