Today lawmakers will take their first vote on a proposal to limit condo conversions by allowing cities to set caps on the number that occur each year.  The battle has just begun for local developers and the affordable housing activists who fear a “rental crisis” is on the rise.  While a similar proposal was rejected last year, our current market conditions call for some sort of regulation to take place!  Click here to read more.

On another note, in the downtown area we are now hearing of new construction projects converting back to apartments.  The most recent apartment conversion is Expo 62 and just yesterday I heard from a little birdie that Olive8 might be the next…stay tuned! 
 

This Saturday and Sunday, don’t forget to drop by the 2007 Seattle Urban Condo Tour at Fisher Plaza!  The two day event is FREE and will give you the opportunity to tour 20 of the newest condo projects in Seattle. 

There will also be seminars that will cover topics on securing financing, adding value to your condo, agent secrets and what our cityscape/economy will look like in 2011.

Some of the properties that are participating:

For more information, visit the official website!   

If the sudden boom of luxury hotel/condominium projects weren’t already making headlines, it looks like Donald Trump and Wood Partners LLC are in negotiations to find a site in Seattle for their very own.  It doesn’t look like too many details have been discussed publicly but for more information click here. 

Other hotel/condominium projects currently in Seattle are:
- Madison Tower & Hotel 1000: 1st and Madison, Downtown
- Live 2200 & Pan Pacific Hotel: Westlake and Denny, South Lake Union
- The Four Seasons: 1st and Union, Downtown
- Olive 8 & The Hyatt: 8th and Olive, Downtown
- One Hotel & Residences: 2nd and Pine, Downtown