Downtown living is here to stay! On the heels of reaching the significant sales milestone of over 50 percent sold at The Emerald comes the news that downtown Seattle’s population has rebounded. The population of downtown Seattle hit a new high in 2021, as did downtown apartment occupancy, according to data featured in a new report from the Downtown Seattle Association.
“I think in many ways we overstated the impact of the pandemic on people’s behaviors and preferences, that have been trending toward urban places and walkability,” said Jon Scholes, president of DSA. “I’m not surprised by the data, frankly.” Both downtown Seattle apartment occupancy as well as rents have hit all-time highs in second quarter of 2021. The appeal of city living isn’t so easily snuffed out, according to the Seattle Times article. The growth of greater downtown has been remarkable over the past decade. ESRI’s estimates show the population has increased by 60% since 2010, when the population was just 62,000.
Despite the news that Amazon will delay its return to work until 2022, downtown Seattle sales continue to be swift. Following record sales with a successful first-half of 2021, totaling $50M in sales in the first two quarters of this year alone, The Emerald’s continued transaction velocity confirms its position as the city’s fastest selling and most attractive downtown residential high-rise available to buyers in today’s current market, as recently reported this update on The Registry Pacific Northwest Real Estate.
“The Emerald represents the very best of what Seattle has to offer,” said Dehlan Gwo, Director of Marketing and Sales for Create World Real Estate, developer of The Emerald. “Our buyers are purchasing a timeless piece of the city and are eager to plant their roots in the heart of our thriving downtown. We look forward to continue leading downtown’s revival and excited for our new owners to call Seattle’s waterfront home.”
The Emerald’s remaining private residences comprise a variety of floor plans including studios-, one-, two- and one-bedrooms with dens starting from $434,000. Featuring the finest finishes, residences offer wide-plank European White Oak hardwood flooring, custom wood cabinetry with integrated lighting, and quartz counter tops. Residences also include spacious walk-in closets, Latch touchless and keyless entry technology for seamless and secure access, and floor-to-ceiling glass window allowing abundant natural light and incredible views.
The Emerald is also currently selling its exclusive 22-residence penthouse collection offering two-, three, and four-bedroom single-story residences up to ~3,948 square feet ranging from $3M to $10.9M. Located on the uppermost residential floors 34 through 38, each penthouse boasts over 10-foot floor-to-ceiling windows, hand-selected premium materials including natural stone slab countertops and backsplash, natural stone floors, and custom wood cabinetry with integrated lighting. Kitchens come fully equipped with appliances by Miele including a premium refrigerator with custom panelized door, gas cooktop, black and stainless-steel wall oven and top-performing dishwasher with custom panelized door. Thoughtfully designed bathroom suites feature natural stone, radiant heated flooring, and full-height natural stone showers with glass enclosures. Top-of-the-line fixtures include cutting-edge Dornbracht polished chrome bath and shower fittings alongside custom wood cabinetry and sleek Kohler soaking bathtubs.
“The Emerald has experienced incredible interest both locally and nationally from buyers seeking pied-à-terre to first time homebuyers,” said Josh Nasvik, Managing Director at Polaris Pacific, The Emerald’s sales and marketing team. “Downtown Seattle continues to be one of the most desirable neighborhoods for luxury condominiums in Seattle and has proven to be a resilient market in the past year. We celebrate this momentous sales milestone which signals the comeback of downtown as people recognize that now is the time reinvest in the city.”
Located at Second and Stewart, The Emerald offers in-person or virtual tours of its eight new model homes in downtown Seattle, schedule yours today by contacting us at https://theemeraldseattle.com or call 206-429-8903.
