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New Home Showcase

October 18, 2013

Presales available at Lake Union collection

A rendering of the community shows its future location on the eastern shore of Lake Union.

The Residences at Fairview

Open 1–4 p.m. Saturday–Sunday at 88 Hamlin St., Seattle

SEATTLE — A public open house will take place Oct. 19-20 to showcase the remaining homes in the first phase at The Residences at Fairview, a 21-unit attached residential development on the eastern shore of Lake Union.

The homes range in size from 2,500 to more than 5,000 square feet (for combined homes), and presale pricing starts at $1.3 million. Occupancy is scheduled for March.

"Presale buyers are locking into this never-before, never-again opportunity," says Nick Glant, the listing broker at NWG Real Estate. "They are able to enjoy presale pricing and leverage today's historically low interest rates while positioning to sell their existing home early next year in a rising marketplace."

The Residences at Fairview is part of the Wards Cove master plan, which includes a new marina, a commercial office building, a dozen floating-home sites and a reclaimed beach for the community. Residents will have access to a guest suite, a fitness center and a conference room, and can choose from several moorage options.

The multiphase development is being built in seven clusters of three attached residences. Each three-story home will include a roof deck featuring a fireplace and provisions for an outdoor spa and a wet bar. The homes will have in-building parking, two or more bedrooms, 11-foot ceilings and abundant windows.

"The Residences at Fairview has changed the game with this project," said Felicia Brooks, a Coldwell Banker Bain broker who is representing one of the buyers. "Top-notch townhomes are rare, and this one has it all, including a private garden, garage and panoramic views."

Content provided by The Residences at Fairview

Related tags: Lake Union, Seattle, Townhomes