The developer of The Bravern Signature Residences, Schnitzer West, recognizes the changing dynamics in the condo marketplace, by reacting with an announcement today. The once planned South Tower condominiums will be converted into luxury apartments. The South Tower will offer 232 apartment homes and the North Tower will offer 215 condominiums, 447 homes in all. The developer’s statement adds that his long term strategy is to eventually sell the South Tower homes as condominiums.
“We are in the midst of a shift back to more normalized market demand between owned and leased housing. Our strategy of one condominium tower and one apartment tower is prudent in light of this changing dynamic in the marketplace that allows for the ability to convert the South Tower apartments to condominiums in the future.” – Dan Ivanoff, founder and managing member of Schnitzer West
In addition to today’s decision about South Tower apartment residences, developer Schnitzer West also announced that they will offer price discounts on available condominium properties. The new pricing for The North Tower condominiums will now begin at $320,000.
Rental units in the South Tower will start at $1,100 per month. These residents will have access to the same residential amenities as do condominium homeowners. Riverstone Residential will provide leasing and management services for the apartment homes. Representatives are onsite in The South Tower, on the 4th floor, with leasing currently underway. A grand opening event for the rental homes is scheduled on May 22 and 23.
The Bravern Signature Residences Contact Info:
North Tower Condominiums
Condo Sales Office
700 110th Ave NE, Suite 288
Bellevue, WA 98004
425-452-3788
Office Hours:
11am to 6pm Mon–Sat
12pm to 6pm Sun
www.bravernresidences.com
South Tower Apartment Homes
Apartment Leasing Office
688 110th Ave NE, 4th Floor
Bellevue, WA 98004
425-502-9748
Office Hours:
9 am to 7pm Mon-Sun
www.liveatbravern.com/
