Industry Thought Leaders Array Impressive Trajectory for Downtown Seattle’s Comeback Amidst Rising Demand and Limited Supply for In-City Housing
PICTURED ABOVE: Dean Jones and Gina Colucci great guests at the Grand Atrium of The Seattle Design Center following a special open house of the showrooms.
PICTURED ABOVE: RSIR Brokers (right to left) Doug Sonnenberg, Stephanie Schuessler and Melissa Camp of the New Development’s Division listen intently to the presentations in the audience of their peers.
PICTURED ABOVE: Panelists (left to right) included Dean Jones, Amy Mutal, Christine Madrid, Luis Borrero and Matthew Gardner.
GRAPH ABOVE: The above new condominium pipeline chart presented by RSIR illustrates the impact of groundbreakings dropping by more than 90% in 2021 compared with 2020 – the impending lack of any new supply in 2025 or perhaps longer if new projects don’t soon commence.
PICTURED ABOVE: Luis Borrero addresses the audience on the legacy of Daniels Real Estate and their latest project, The Graystone Condominiums, which is now rising at 800 Columbia Street on First Hill.
PICTURED ABOVE: Christine Madrid is an industry leading expert on condominium financing who is advising on Graystone and notes buyer in the city are generally very well resourced – many in the tech industry enjoy Restricted Stock Units (RSU’s) that can help with mortgage qualification.
PICTURED ABOVE: Matthew Gardner provided numerous statistical data points shoring up the market fundamentals for continued growth in both in-city rents and condominium home prices as the supply of housing overall, struggles to keep up with demand.
PICTURED ABOVE: Dean Jones described more than 90% of the multi-family housing supply in downtown Seattle was built for renters and these pricey apartment towers are likely incubating future homebuyers.
PICTURED ABOVE: During a questions and answers session, a healthy debate between economists Matthew Gardner and Todd Britsch, Sr. Vice President / Director of Market Research at Level Capital compared notes about the prospect of an economic recession and the Seattle area’s enviable market fundamentals.
PICTURED ABOVE: Among the many highlights of the 2022 FutureCast Forum was the “surprise and delight” of luxury giveaways to raffle holders, which included wine gifts offered by Lauren King, the Sr. Manager of Wine Education for Ste. Michelle Wine Estates.
PICTURED ABOVE: The Seattle Design Center was the host venue for the 2022 FutureCast Forum and included valet parking, passed bites, fine wines and an open house tour of the showrooms to inspire guests about architecture and interior design.
PICTURED ABOVE: As a preferred partner with Graystone Condominiums, Ste. Michelle Wine Estates was pouring during the FutureCast Forum with a showcase of varietals.
PICTURED ABOVE: A pop-up exhibit for Graystone Condominiums provided guests with the opportunity to learn more about the rich history of First Hill, the namesake for Graystone, and the 40-year legacy of development excellence at Daniels Real Estate.