Will New Luxury Apartments On Seattle’s Capitol Hill Eventually Become Condos?

Capitol Hill Apartments“Condo Hill” is a term that seems to be popping up with increased regularity in reaction to the rapid construction of new, high-end buildings on Capitol Hill . It turns out, the nickname misses the mark by at least a decade as the vast majority of projects built on Capitol Hill today are for new apartments, not condos. Developers and building owners say, like anything in real estate, it comes down to what’s profitable.

That’s not to say Capitol Hill’s new apartments could never become luxury resident-owned units, but if recent trends are any indication, apartment-to-condo conversions aren’t coming to Capitol Hill soon, either.

In the past three years there has not been one single condo conversion on Capitol Hill, according to city data obtained by CHS. In that same time period, only seven apartment units were converted to condos city-wide. New condo construction has also slowed dramatically in recent years.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Bryen Cohen – See the Full Story at

Click here for gay realtors, mortgage lenders, and other real estate professionals at the Capitol Hill Seattle Blog.

If you have a gay real estate story that you’d like to share with us, contact us at info@2016.gayrealtynetwork.com

Leave a Reply

Your email address will not be published. Required fields are marked *