Having secured Preliminary Design Review from the International Special Review District (ISRD), Da-Li Development confirms KODA Condominiums will move forward with final entitlements and is scheduled to open its Sales Gallery during Winter 2018-19 to commence presales. Groundbreaking is expected by Q1-2019 with occupancy by late 2020.
The KODA Sales Gallery will offer an official first look at the highly-anticipated, 17-story residential tower – the first of its kind in this historic district. An interactive theater will showcase an inspired collection of studio, urban one-, one- and two-bedroom residences with sample views and virtual reality tours of the building’s amenities. ,The venue will also include full-sized vignettes of the kitchen and bathroom designs, a scale model of the building, and Design Center to display interior finishes and home personalization options.
The condominiums will be offered from below $400,000 to more than $1.4 million. A highly anticipated property, 85% of the homes are currently reserved for priority presales, providing prospective buyers the first opportunity to experience the Sales Gallery and move forward with presales. Newly released inventory with price ranges includes studios (464-sq. ft.) from $499,950; urban one-bedrooms (568- sq. ft.) from $469,950; two-bedrooms (1,025-sq. ft.) from $859,950 and three-bedrooms (1,065-sq. ft.) from $999,950. Reservations require a $5,000, fully-refundable deposit held in escrow and guarantees that the developer will offer the selected home to the reservation holder once the purchase and sale agreements are available.
“The level of interest we have seen from the prospective buyer and broker community over the last 12 months is a testament to Japantown-International District being ready for a unique offering like KODA,” said Dean Jones, President and CEO at Realogics Sotheby’s International Realty, the listing brokerage firm representing the eagerly-anticipated condominiums. “Our reservation holders at KODA will soon be able to lock in their purchase opportunity with a 5% earnest money deposit with plenty of time to prepare for closing and occupancy in 2020.”
New details about the development’s robust collection of amenities and resident services have also been released. Amenities include a lobby lounge featuring a rotating art installment and concierge services; a library and conference room facility; a fitness center fully-equipped with cardio equipment, free weights, multi-gym systems, and a yoga and exercise studio with HD TV for virtual fitness. In addition, KODA will feature a pet retreat and an expansive rooftop terrace with BBQs, a fire pit, lounging furniture and stunning views of the downtown Seattle skyline, Elliott Bay and both Mt. Rainier and the Olympic Mountains.
KODA is located at the gateway to this dynamic community and at the intersection of the Central Business District, Pioneer Square, First Hill and the historic Chinatown-International District, placing it within easy walking distance to over 100,000 jobs, a vast array of residential services, and the city’s most compelling dining, shopping and nightlife. Future residents will be perfectly situated to take full advantage of Seattle’s $2 billion waterfront restoration and is a short walk from the region’s professional sports venues.
“The International District is one of Seattle’s most coveted neighborhoods given the historic significance, rich culture and conveniences afforded to residents – not the least of which being proximate to King Street Station – the terminus of the $55 billion+ Sound Transit expansion,” Jones said. “KODA offers attainably-priced homeownership opportunities where owning a car is an option rather than a requirement.”
Currently under development, the KODA Sales Gallery is located at 510 Occidental Avenue S, Suite 521 and will be open during Winter 2018 – 2019. For more information visit, www.ownKODA.com or call (206) 317-8579.
