There’s a first time for everything. After years spotlighting everything from treehouses, floating homes, and converted barns and yachts to the most expensive estates and the most economical tiny homes, but never an entire condominium building – Patti Payne has given The Emerald the honor of being the first highrise featured in Puget Sound Business Journal’s Cool Pads. What caught her attention? Bucking any urban flight trend with an impressive sales momentum and Eastside moves to our downtown waterfront location, “this building already has 87 residences presold — sales which started in March of 2019. Twenty-five of those residences have been sold since Aug. 1, with a cumulative value of more than $23 million.”
The Emerald, a new luxury condominium building at 121 Stewart in downtown Seattle, developed by Create World Real Estate, recently announced completion, after being under construction for several years. Initial designs started seven years ago.
The 40-story glass-faceted building has 262 condos, ranging from $399,000 to $10.9 million. And while I’ve never covered a whole condo building in Patti Payne’s Cool Pads over the years, there’s always a first for this feature, which has spotlighted everything from treehouses, floating homes, and converted barns and yachts to the most expensive estates and the most economical tiny homes.
The Emerald caught my attention because, with all the news of unrest in cities and people fleeing to the burbs, this building already has 87 residences presold — sales which started in March of 2019.
Twenty-five of those residences have been sold since Aug. 1, with a cumulative value of more than $23 million.
“It’s surprising to all of us here because of what you hear about urban flight, but it’s just not happening. The Emerald is bucking the trend and it’s a pleasant surprise,” said Josh Nasvik, managing director of Polaris Pacific, the sales and marketing firm for The Emerald.
“And in fact a fair amount of our buyers are from the Eastside — people who want to live in Seattle and don’t have to commute anymore and can work remotely,” he said. Nasvik and broker Henry Lee of Polaris Pacific have the listings.
The condos range from studios to one- to four-bedroom residences. Some 22 of the largest ones are penthouses.
Amenities include a full-floor rooftop deck including the Olympic Room and an impressive double-height glass encased club room with catering kitchen, complete with indoor and outdoor lounge and firepits, and view of Puget Sound and Olympic Mountains. A third-floor indoor and outdoor amenity space offers an outdoor pet run, pet spa, fitness center, yoga studio and guest suite. And there’s on-demand access to Tesla Model X and Model S vehicles for residents.
The building was designed by Julia Nagele of Hewitt Architects and Susan Marinello of Susan Marinello Interiors, and their teams.
The Emerald will be managed by Columbia Hospitality with on-site staff offering personalized care, luxury concierge services and cutting edge safety and security practices.
Check out the pictures by Clarity Northwest’s Cory Holland for a look inside the brand new building where owners can start moving to in December. View the slideshow via Puget Sound Business Journal here: Patti Payne’s Cool Pads: Go inside the new Emerald condos in Seattle