The Bravern’s developer, Schnitzer West, has announced the expansion of its luxury apartments with the debut of its North Tower apartment homes in downtown Bellevue.
The Bravern Signature Residences will host an open house on October 16th-17th spotlighting the model homes in the North Tower. Leasing in the North Tower has begun with rent starting at $1,550 per month.
More than 65 percent of The Bravern’s apartments have been leased in the past 6 months. Each home features natural stone and hardwoods, professional appliances in the kitchens, washers and dryers, and roller shades on the windows. Valet service and other amenities are available.
The Bravern Signature Residences, located along NE 8th Street, offer 211 apartment homes in the North Tower and 232 apartment homes in the South Tower. Apartments range from 600 square feet to more than 2,000 square feet. Leasing representatives are located on the South Tower’s 4th floor.
Now, that’s a spin. These were condos they couldn’t sell so now rent them instead. Calling it “Expanded Apartment Offerings” is an interesting way of looking at it.
Biggest Condo FAIL
I don’t think they absolutely failed. I’d say they got caught in the economy situation and they (both the condo and the shopping complex) are hanging on, barely.
It’s nice to get these supply off the market though, from the general market’s point of view.
Expect they come back to market when economy finally recovers (God knows when that will happen).
This is going to be great for the retail. When the economy bounces back Washington Square and Bellevue Towers may likely be low inventory or out completely, so the timing may be good for The Bravern to delay sales. Too much inventory on the market right now.