At a time when real estate development seems to be on hold everywhere, one project is moving forward: The Enclave at Wards Cove on Fairview Avenue E.
A preview of the project for brokers and potential homeowners took place Thursday evening, July 23, at the new office building and marina at Wards Cove. Nick Glant of NWG Real Estate says the project has been “well received.”
Twenty one three-story townhouses will be built on the east side of Fairview, starting at the corner at Hamlin and working south. Prices are “anticipated” to start at $1.3 million, according to a press release for the project. While presales haven’t begun yet, Glant says seven people did sign residential agreements this week.
One house on the site has already been removed. Glant says that was necessary to clean up soil contamination from the old Bar Mart site above. The open lot marks where the second phase of the project will be located. Construction on the first phase, which will begin at the corner of Hamlin and Fairview and will require the removal of the remaining houses between the now-vacant lot and the corner at Hamlin, is expected to start by the end of the year, he says.
Construction is down across Seattle and that has benefitted The Enclave. It has enabled Trinity Real Estate, developers of the project, to see construction cost savings of 20% to 30%, according to a press release announcing Thursday’s preview event.
Residents of The Enclave will enjoy rooftop decks, access to the new marina, a gym and a guest suite in the new office building on the site. Units will range from 2,500 square feet to more than 3,000.
Glant is presenting the property to perspective buyers. Trinity Real Estate is the developer and Atelier Jones is the architect.
Other parts of the Wards Cove redevelopment include 12 houseboat slips, a marina and a new office building. Those are being developed separately from The Enclave.
- Our previous post on The Enclave.
- Plans for the Wards Cove redevelopent were detailed in this Seattle P-I story in April, 2006.
- The Wards Cove company web site is here.
- Details on the new marina, office building and floating home slips which have already been built are here.