Coming early 2012, The Sanctuary (1519 E Denny- Capitol Hill) will reenter the sales market! There have been a couple units reserved for a first right or refusal and all construction will be completed by December this year. The unique floorplans and more photos can be viewed on The Sanctuary website, click here for more details!
Just released:
RECEIVER APPOINTS CONSTRUCTION/DESIGN TEAM TO COMPLETE THE SANCTUARY BY DECEMBER, 2011
Additional Project Improvements will Optimize Market Value; Several Unit Reservations Pending
(October 5, 2011) SEATTLE, WA – Resource Transition Consultants (“RTC”), the court-appointed
receiver for the lender of The Sanctuary, has announced the appointment of a design and construction
team – led by Seattle-based general contractor Belfor Property Restoration – to complete the 12-home
development by December, 2011. The project is expected to reenter the marketplace for sale in January,
2012.
“We’ve assembled a world-class development team to complete the vision of The Sanctuary – a century-
old church in Seattle’s Capitol Hill neighborhood that was converted into a premier multifamily
community – and we look forward to successfully reintroducing the project for sale in the New Year,”
said Rob Nall, Principal of RTC.
In addition to RTC, project lender Pathfinder Partners, LLC and Belfor, The Sanctuary development
team now includes:
- Architect – Runberg & Associates
- Construction Representative –The Justen Company
- Interior Designer – Robin Chell Design
- Marketing and Sales – Realogics Sotheby’s International Realty
“Construction is well underway and includes many design improvements recommended by brokers and
prospective homebuyers,” said Nall. “We’re retooling the homes for today’s market – resetting prices
while adding value to the finished product.”
According to Marty Goodman, principal of The Justen Company, the project scope now includes new
clear and operable window systems to complement the historic stained glass in several units; elevator
options; acoustical attenuation; refurbishing the central atrium; and restoration work on the historic
exterior. In addition to warranties offered by manufacturers of installed systems and appliances,
homeowners will benefit from a third party home warranty program that will be included with each sale.
“We’re fortunate that RTC and Pathfinder are investing substantial resources to reach the full potential
of this extraordinary development,” said Goodman.
Belfor Property Restoration, a division of Belfor Construction, is tasked with completing the
construction of the 12 concrete and steel townhomes and restoring the historic façade of the original
building.
“The homes are new construction with state-of-the-art building systems, designer finishes and premium
fixtures and appliances throughout,” says Ross Minshull, site supervisor for Belfor, which has developed
dozens of high-rise properties and restored a number of historic buildings. “At The Sanctuary, we’re
building high-rise quality within a historic landmark – it’s the best of old and new.”
One of the most striking attributes of The Sanctuary is the central atrium, an expansive interior common
area with 38-foot-high ceilings and a breathtaking stained-glass dome. Seattle-based Robin Chell
Design is converting the atrium into a residential amenity that draws on the building’s history and
architecture and provides a central hub for residents and guests alike.
“This project is matchless in concept, design characteristics, historical significance and overall quality of
construction – especially at this price point,” said Chell, who will also design some of the project’s
model homes. “Such a hybrid of rich, nostalgic features and modern design elements make this
community unique in the Northwest, if not in the country.”
Although the official listings for sale are still several months away, Nall says two unit reservations have
already been accepted with more expected in the coming weeks. Unit reservations provide prospective
homebuyers with a first right of opportunity to purchase a particular home when it’s offered for sale.
“Every home is distinctive with unique floor plans and features so brokers and homebuyers are vying for
the best possible selection,” said Nall.
Additional information on The Sanctuary can be found at www.LiveatSanctuary.com.
Finally…and patience is truly a virtue. The tremors started back in October (when we were hoping to close the first week of January) and I have to say now, my clients have been through it all! 
Escala cutting condo prices by 50 percent