Condo saga spinoff: Renter roulette
That’s the game at least two WS apartment-seekers are caught up in — the same ones who first tipped us to the impending condo conversion at a south Morgan Junction complex. After that discovery quashed their hopes of renting there, they thought they had found another place, this time in north WS — until their prospective landlord admitted, when directly questioned, that those apartments have just been sold. (We won’t name the building until and unless we find online records to double-verify this.) Will their third choice be the charm? We’ll wait to hear! Meantime, this blogger caught up in the M-Junction conversion has found a place on Alki.
West Seattle dream homes
Sunday afternoons often make us think of … real estate, perhaps because of the “open house” signs flowering on almost every corner, especially on the most famous streets of WS. We all know about Alki Avenue and Beach Drive and their incredible view homes — but if you don’t wander far off the main arterials, you might not know much about the other “streets of (WS) dreams.” In particular, this afternoon we are thinking about Sunset Avenue — a view-drenched blufftop street in north WS that you could consider to be a bit like a WS version of LA’s famous Mulholland Drive.
Sunset Ave parallels Alki Ave for quite a while, but if you look toward it from the shore, it’s hard to see anything but an occasional house from Sunset or other bluffside streets poking over the condo-tops:
Sunset wandered onto our radar screen during a real-estate search, where we encountered three homes for sale there right now: “The Castle” at 1545 Sunset ($1,595,000); a somewhat newer home at 1429 Sunset ($1,590,000); and a chance to buy into this neighborhood for less than a million, at 1532 Sunset ($959,000). Which WS street do you dream of living on?
Another condo conversion on the south end of Morgan Junction
At 6970 Cali, the Watermarke Apartments (photo below) are going condo. First we heard from a reader who was about to rent an apartment there – planning to move in next week, in fact – then got the news “oops, sorry, the building’s been sold, no new tenants, and the old ones have to vacate.” Then we discovered that one of those tenants just posted about it at ApartmentRatings.com. Seems to be getting to the point now where we can ask, which apartment buildings in WS are not going condo?
Killing time before the conversion
Guess you can’t just let those apartments lie idle while tenants flee before the deadline to buy in or get out. Spotted at West Ridge Park on Delridge this afternoon, balloon-festooned signs exhorting SHORT TERM LEASES! (photo below) and MONTH TO MONTH! (across the street), all within rock-throwing distance of the sign about the conversion to its new condo identity as “Gables” …
The name game, yet again
Joining the WS Condo/Townhome Name Hall o’Fame along with Verge, NoMo 12, SeventyOne, Bayberry, Sea Holly, and so on, we now have Stratus and Gables — the names Mosaic is giving its condo conversions (“Stratus”=Graham Street Apts., sold for $9 million; “Gables”=West Ridge Park, sold for $22 million). We would like to see developers/marketers consider names that pay homage to the process, perhaps a townhouse complex called Nocquedowne and a condo conversion called Evixus.
City Housing Authority buys apartments near Caffe Ladro
We recently mentioned the Riviera West building at 7100 Cali, south of Morgan Junction and kitty-corner from Caffe Ladro, was up for sale, and described as a potential condo conversion. Then in the past half-day or so, we received a couple tips/comments that it’s been bought — by the Seattle Housing Authority. This afternoon, SHA communications director Virginia Felton confirmed the purchase. She tells WSB it will be part of the Housing Authority’s “scattered sites” portfolio, explaining, “The Riviera is a good addition to this portfolio because it has six two bedroom and two three bedroom apartments, along with four 1 bedroom apartments. There is more need for these larger apartments.” As for the people who live at Riviera West now, she says they will be evaluated to see if they qualify for subsidized housing; if they don’t, she says they will have one year to “transition,” and she promises that current residents will be getting a letter about all this soon.
Another big condo conversion, plus apartments 4 sale
If you haven’t checked out the comments on our post below – note that readers have revealed a brand-new, huge condo conversion in the works at the Graham Street Apartments just north of Morgan Junction, on the southeast corner of Cali/Graham. As first posted by Sue, here’s the property sale record (almost $9 million) finalized just a few days ago; here’s the condo conversion application noted on the city site.
Meantime, for those joining us in keeping track, here are a few of the other “multifamily” buildings currently listed for sale in WS, with links to the listings:
–West Aires, 6001 Cali, $2.2 million
–Riviera West, 7100 Cali, listed as “pending,” with “condo declarations in place,” $1.9 million (next to SeventyOne)
–Apartment/commercial building on Cali, south edge of The Junction, (with some units described as “condo quality”), $1.3 million
–5000 Fauntleroy, “pending,” $1.2 million
4 days after we reported on 
According to Beach Drive Blog, 
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