Friday, March 09, 2007

Mini-size me, Seattle-style

Seattle Condo Review reveals this:

"Want upscale Belltown living, but can't afford the price tag? A new development set to break ground in October 2006 and begin occupancy in summer 2008, attempts to do just that. In exchange for a great location, relatively low prices and luxury finishings, future owners must be willing to compromise on space. This idea, borrowed from bigger cities such as New York or London has already been successful in Seattle at The Montreux building constructed in 1999 at 425 Vine St with studios hovering around the 300 sq. ft. mark.

• Prices range from $150,000 for studios to the $400,000s for two bedroom, two bath units.

• Studios begin at 296 sq. ft. and 2 bed/2 bath units just break the 1,000 sq. ft. mark.

That price per square foot and total square footage is approaching Tokyo levels. The neighborhood better be really, really hot or this is a sucker purchase.

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