FOR IMMEDIATE RELEASE
STRONG CONDO SALES CONTINUE SAFELY AT NEXUS WITH 180 HOMES CLOSED IN JUST 45 DAYS
Buyer confidence, limited inventory & attractive interest rates drive swift closings at iconic new Seattle condo tower
April 2, 2020 (Seattle, WA) – Burrard, the developer of the iconic new NEXUS condominium building in downtown Seattle, is pleased to report the outlook at NEXUS remains positive and productive, with home sales, closings and move-ins progressing safely and at a swift pace. The NEXUS team continues to safely welcome new homeowners within the guidelines of the new state legislated government order while successfully closing 180 transactions and over 50 percent of presales in just 45 days. The remainder of the home purchases are expected to close by the end of May.
“Despite everything going on in the world right now, the NEXUS sales team is feeling optimistic about sales at NEXUS based on our numbers and positive buyer feedback so far,” said Erik Mehr, NEXUS Lead Broker. “We’re seeing that select real estate properties like NEXUS are staying fairly resilient, and that’s welcome good news, not only for this project, but for the Seattle real estate market in general.”
In just six weeks, 180 of the 359 presold condo units at NEXUS have been closed, bringing the total of completed home purchases to just over 50 percent. It’s believed that the continued buyer confidence at NEXUS may be attributed to the building’s unique character and value as Seattle’s leading and stand-alone move-in ready new construction condominium tower. Homeowners have expressed great enthusiasm for the design, quality and craftmanship of their new residences and common areas. Additionally, astute buyers at NEXUS have been encouraged to capitalize on today’s historically low interest rates and seize the significant built-in equity accrued through presales.
Since presales launched, the project has attracted a range of buyers from high tech executives, business professionals and downsizers to local and international investors. With 180 of the 359 presold units now closed, the few remaining units are premier condos and penthouses comprised of studios and one to three bedroom homes, starting in the mid $400,000s. Broker tours and display suites are available for viewing by appointment only.
At NEXUS, luxurious units are complemented by common spaces that include guest suites, co-working spaces, a media room, Sky Lounge, outdoor entertaining areas with fireplaces and barbecues, and more. Burrard has also programmed a state-of-the-art, all-in-one NEXUS Resident App that allows homeowners to control in-home devices with the opportunity to control climate, lighting, and program scenes and routines. The app also integrates with the building systems like building access, home-front door, gym equipment and package delivery notifications, and booking of building amenities, as well as connecting with their community. At the very core of NEXUS is a comprehensive collection of specialty purpose rooms, furnishings, equipment and technology programmed to add convenience and utility everyday - for live, work and play.
For more information about the NEXUS, visit nexusseattle.com. For sales contact 206.880.8325 or erik@erikmehr.com
Media interviews, site tours, floor plans and high resolution photos, available upon request by contacting 604.230.8008 or tanis@tanissullivan.com
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ABOUT BURRARD PROPERTIES
NEXUS is being developed by Burrard Properties, a Vancouver, B.C.-based company with offices in Vancouver and Seattle, and an impressive track record of landmark communities and investments around the Pacific Rim. Founded in 1979, Burrard's vision is a better urban experience for all, with a mission to create engaging places that meaningfully improve quality of life. The family-owned company is known for building and managing a diverse portfolio of master-planned communities, residential developments, commercial assets, and resort/hospitality properties, which have garnered over 40 industry awards. Most recently, Burrard announced plans to bring an innovative new urban living concept designed by renowned architectural firm, Herzog & de Meuron to Seattle’s Belltown neighborhood by 2024. For more information, www.burrard.com.
MEDIA CONTACT
Tanis Sullivan
Tanis Sullivan Communications
604-230-8008
tanis@tanissullivan.com
BROKER CONTACT
Erik Mehr & Associates
206-880-8325
sales@nexusseattle.com
