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NEXUS event redux: High-tech, high-rise living in downtown Seattle

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PICTURED ABOVE: GeekWire’s Brian Westbrook hosted a panel discussion with thought leaders profiling NEXUS in a new generation of high-tech, high-rise living.
Existing and prospective homeowners attend “At the NEXUS of it All Event”; Celebrate the official topping off of an iconic tower

On April 11th, a series of events atop the Peak Lounge in the Kinects Apartment tower transformed this sky-high venue into an informative neighborhood showcase and a celebration for hundreds of current and prospective homeowners at NEXUS.  Presented by Seattle Magazine, the exhibition included The Downtown Seattle Association, LID I-5, NHL Seattle, Waterfront Seattle, the Washington State Convention Center expansion and NEXUS, which stands front and center in the fastest-growing neighborhood on the West Coast.

“Burrard Group hosted an extraordinary event that illuminated how the northern migration of downtown Seattle positions our homebuyers at the nexus of all,” said Matt VanDamm, Vice President of Realogics Sotheby’s International Realty (RSIR). “We certainly share in the excitement for this pivotal development.”

PICTURED ABOVE: NEXUS by Burrard is a 389-unit, 41-story high-rise condominium, which is 93% presold – the remaining 28 homes were recently released for sale.

The events kicked off with a broker luncheon and open house followed by a GeekWire podcast presented by the FutureCast Forum on “High-Tech, High-Rise Living”. Moderator Brian Westbrook hosted panelists including urban living specialist Julie McAvoy of RSIR, development strategist Billy Mainguy of Burrard Group, home automation expert, Lee Travis of Wipliance and real estate economist Brian O’Connor of O’Connor Consulting Group. Among the key findings, downtown Seattle is entering a housing cycle of increased homeownership following a record number of apartments being built, largely fueled by a tech-driven economy. Consumers desire a progressive, in-city lifestyle that is optimized by home automation and a sense of community that is activated by exclusive to building apps and thoughtful amenities that encourage owners and friends to converge and connect. Meanwhile, NEXUS was notably referenced as the archetype of such next generation development and remarkably, it is the only residential opportunity offered for individual homeownership in the burgeoning neighborhood.

 

“We forecast strong job growth and housing demand to continue well into the next decade as Seattle’s tech hub resists any slowdown that may be experienced in the national economic cycle,” said O’Connor. “The challenge however, will be affordability. New developments like NEXUS are experiencing construction hard cost increases of 6-8% per year, which increases the price of supply ahead.”

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