RSIR & Laconia Development Report Robust Presale Activity at SPIRE Condominiums

In early December, executives of Laconia Development and Realogics Sotheby’s International Realty (RSIR) announced that roughly 20 percent of the condominium homes at SPIRE — a 41-story high-rise currently being built at 6th and Wall in Seattle’s Belltown neighborhood — have been presold or reserved. And in response to buyer demand, the developer has also identified roughly two dozen homes for unit assemblages, to satisfy need for larger two-, three-, and four-bedroom options ranging in size from 1,135- to 2,635 square feet.

Since debuting the SPIRE sales center and model home to the public in late October, brokers have said that the project is the first luxurious high-rise tower in years that taps increasing demand for next generation urban residents seeking progressive design, enhanced specifications and unobstructed city views.

“It is our distinct pleasure to welcome scores of new homeowners to the SPIRE community just a month into our sales effort,” Paul Menzies, CEO of Laconia, said in a statement. “We are greatly encouraged by the overwhelmingly favorable reception from buyers both locally and internationally.”

Rising demand from move-up buyers in nearby condominium towers and luxury apartment buildings in addition to downsizing empty-nesters led Laconia to develop potential new unit assemblages which have net reduced the total unit count to 337. With site excavation near completion, SPIRE is set to join the Seattle skyline at 600 Wall Street on target for late 2020 occupancy.

As Michael Cannon, sales director for SPIRE Condominiums added, “SPIRE has already established a new standard of luxury for downtown Seattle condominium living two years before it delivers. In addition to the commanding views and enhanced finish specifications, we offer an enviable timeline for completion by late 2020.”

In addition to the new unit combinations, SPIRE offers a diverse collection of condominium formats for presale including one bedrooms from the high $600,000s; one bedroom plus dens from the low $900,000s; and two bedrooms from the low $1 Millions.