Downtown Seattle WA Real Estate Market Information
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Downtown Seattle's population is growing at a fast pace, with a number of high and mid-rise condominium towers being constructed taking on a more Vancouver-like approach to urban living. Most of the new units are priced for the top end of the region's housing market.
In 1989, building heights in Downtown and adjoining Seattle suburbs were tightly restricted following a voter initiative. These restrictions were dramatically loosened in 2006-2007, leading to the increase in Downtown high-rise construction. This policy change has divided commentators between those who support the increased density and those who criticize it as "Manhattanization."
On March 7, 2007, it was confirmed by the Seattle Times that the Trump Organization is interested in finding a site in Downtown Seattle for a hotel and residential condo tower. It would be the second of the Trump towers on the West Coast and the first in the Pacific Northwest. If everything goes to plan it would be completed by the end of 2009. |