{"id":1004084333,"date":"2013-09-29T20:48:56","date_gmt":"2013-09-30T04:48:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=188733"},"modified":"2022-03-03T07:21:51","modified_gmt":"2022-03-03T15:21:51","slug":"bosa-development-proceeds-with-second-condo-tower-at-insignia","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bosa-development-proceeds-with-second-condo-tower-at-insignia\/","title":{"rendered":"Bosa Development Proceeds with Second Condo Tower at Insignia"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

<\/em>Two of Seattle’s latest projects are Bosa Development Corp.\u2019s Insignia and Stadium Place. Bosa is now set to double down on its Insignia initiative, thereby completing its original plan, while Stadium Place in Pioneer Square has recently lit the area up with its varied development projects. With a new mixed-use project in the pipeline for the area, it seems that the smallest of roadblocks might change the developer\u2019s mind.<\/span><\/p>\n

Bosa\u2019s 41-story Insignia project was initially\"\"<\/a> set to be a two-tower condo development, but insecurity regarding the residential market\u2019s health caused the developer to scale back to only one tower with a view, with development of the second one depending on the success of the venture. Now, with construction well underway at the downtown tower and completion set for the spring of 2015, Bosa has decided it will double the odds in its favor and go ahead with the second, 41-story tower of the Insignia complex. The project will constitute a $450 million investment for Seattle and will add 707 new condo units to a sector of the market that is lacking in the area, The Puget Sound Business Journal<\/a> writes. The project is the first downtown condo development to come to fruition in five years.<\/p>\n

Meanwhile, Pioneer Square is seeing another developer tackle the area with a mixed-use development project. And developer Urban Visions is set to modify its vision for the project because of a $250,000 measure in the form of a public restroom. According to PSBJ<\/a>, the developer intends on modifying its Seattle City Council-backed plan, and instead of the 130-foot tall office and residential building it had approved by local authorities, it will build a smaller office property. The scaled-down version of the project would not call for the purchase and installation of the restroom, as the measure was just a way of getting approval to build a taller-than-allowed construction. <\/span><\/p>\n

Rendering courtesy of Insignia Seattle on facebook<\/a><\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

News regarding new development projects in Seattle is extremely common these days, with the city experiencing a tech market boom and an increase in residential development that has the city sorted for the next few years. The most recent bits of news regarding the area’s condo market have revolved around Bosa Development Corp.’s Insignia project, and the project is now set to double down on its initiative, thereby completing the developer’s original plan. Another important development hotbed for the city is Pioneer Square where Stadium Place has recently lit the area up with its varied development projects. With a new mixed-use project on the pipeline for the area, it seems that the smallest of roadblocks might change the developer’s mind.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1610],"tags":[1815,39480],"class_list":["post-1004084333","post","type-post","status-publish","format-standard","hentry","category-latest","category-seattle","tag-national","tag-seattle"],"acf":[],"yoast_head":"\nBosa Development Proceeds with Second Condo Tower at Insignia - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bosa-development-proceeds-with-second-condo-tower-at-insignia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bosa Development Proceeds with Second Condo Tower at Insignia\" \/>\n<meta property=\"og:description\" content=\"News regarding new development projects in Seattle is extremely common these days, with the city experiencing a tech market boom and an increase in residential development that has the city sorted for the next few years. The most recent bits of news regarding the area’s condo market have revolved around Bosa Development Corp.’s Insignia project, and the project is now set to double down on its initiative, thereby completing the developer’s original plan. Another important development hotbed for the city is Pioneer Square where Stadium Place has recently lit the area up with its varied development projects. 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