A man was shot to death about a block away, today, 4/7/14, so keep that in mind when you read the positive reviews here about how great a neighborhood this building is in. He's still at large so hopefully you don't run in to the killer at night.
http://blogs.seattletimes.com/today/2014/04/man-shot-dead-in-downtown-seattle/
Nice housing but with plenty of caveats.
This is a great example of the lack of know how in the fly by night real estate industry. Were the tech industry run by these types of people, I woudln't be writing this as the internet wouldn't yet be in common use.
Escala was originally envisioned as a luxury property who's owners would subsidize a private 25k sq ft club space that would be offered to outside members. Sound like a stupid idea? It was. It led to huge HOA dues and they changed it.
Of course, that means that there's a vast array of space in the building that you pay for that doesn't get used. The private massage areas and huge bar/restaurant they market as being there for your private use. Most buildings have a nice common area that you can sign up and use when you want to have a party? Escala? Nope, huge private area that you have to RENT. That's right, pay huge HOA dues now and you don't even get a great space to use. To boot, it was supposed to be a large private restaurant. That space could have made for a lot of features for the building. More gym space, a game room, business areas, etc. Instead it's an unused space that just sits there that residents have to pay for.
Escala has nice units. They're modern and well built with gas and nice appliances. The location isn't amazing. You're sort of in no man's land between downtown, Belltown and Lake Union. There's not much parks or recreation anywhere nearby and all you see when you look around is grey.
Here are bad points about the units. They designed them well and then used whatever space was leftover for the bathroom. The bathrooms are set wtih nice fixtures, but they're just a mess in terms of design.
In terms of the realtors and selling approach there, you go to the upstairs lobby, they give you some info, have you fill out a bunch of private information (I suggest you use fake information) and then take you either to the amenities or to a unit. Here's where things go bad.
You see the failed amenities. Most of the space was meant for the now defunct club and you'll have to pay a rental fee to use it. No other condo really does that in downtown. Then they take you upstairs. They list their price points publicly, but they are loss leaders. They aren't really available and what you see will be $80-200k more that what you expect.
The other shady thing they do is in listing the square footage. When they want to talk about the size of the condos, they include the hall area outside of your unit and patio. When they want to talk $/square foot, they use the actual space. It's a sleezy practice to me.
They're not as horrible as the gallery crew, but they certainly could do things better. The units are currently overpriced. In buying one, you'll pay as much as people did a year ago when there were better units available. Of course, the market has gone down quite a bit since then. I'd wait until their prices come down again. read more