Undervalued condos set to soar in Seattle

| 1 Nov 2018

First Light is a 47-story, 459-home luxury condominium in one of Seattle's hottest urban neighborhoods, right beside the downtown business district and barely three blocks from the rapidly redeveloping waterfront promenade.

Standing out on the Seattle skyline, the latest project from international art-in-architecture developer Westbank is right in the largest and most economically prosperous city in the northwestern US.

While the city of Seattle is a dramatically undervalued real estate market, it is not only the fastest growing big city in America, but it's also home to two of the biggest and fastest-growing technology firms in the world: Microsoft and Amazon.

Even with these impressive neighbors, current home prices are only at one-half to one-third those of other West Coast gateway cities, such as Vancouver, San Francisco and Los Angeles. First Light, then, has set itself up for a prosperous future.

As Westbank is a world leader in incorporating art into its architecture -- as seen in their attractive, innovative and luxurious properties in Vancouver, Toronto and Tokyo -- it has tasked internationally acclaimed James KM Cheng Architects to design the soaring form of First Light, topped by a long, broad Sky Pool cantilevered off the 46th floor.

The artistry of the building is further enhanced thanks to a collaboration with Seattle glass artist, John Hogan. Hogan designed the beaded glass veils that drape around the building's seven-story podium and glitter atop the three-story amenity space from the 45th to 47th floors.

The amenities and services available at First Light reflect the opulence of its outside facade. There is a Residential Gallery with 24-hour concierge and security services, set in a space with a custom-designed and Italian crafted Fazioli piano designed by Hogan.

There is also the Residents' Lounge, which comes with sliding door access to the pool deck as well as a full kitchen with an expansive stone topped island. The multifunctional, fully appointed space is perfect for everything from daytime gatherings, meetings or collaborative work events to evening celebrations.

Glass pieces by Hogan will also be permanently installed at First Light's Secret Garden on the 47th floor, which can only be accessed by a single, private lift. Given the level of Seattle's other buildings, this affords a stunning, largely unobstructed view of the city.

First Light's suites, however, are the crowning feature: from bright, open studios to spacious three-bedroom penthouses, they are all works of art, with kitchen cabinetry curated by leading international furniture designer B&B Italia and appliances by Miele. B&B Italia has also designed a full range of custom furnishings that can be purchased to finish the space with convenience and precision.

First Light

Address: 300 Virginia Street, Seattle, WA 98101

Tenure: Freehold

Completion date: June of 2022

Layout: Studio - 37; Urban 1 Bedroom - 138; 1 Bedroom - 77;

Urban 2 Bedroom - 74; 2 Bedroom - 107; 3 Bedroom - 14;

Sub Penthouse & Penthouse - 12

Developer: Westbank

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