Alcyone Apartments Gets a Makeover

Alcone Apartment

Photo provided by Alcyone Apartments

In the next few years Vulcan Real Estate plans to do some renovating in the Alcyone Apartment complex in South Lake Union. According to the Daily Journal of Commerce, the 161 unit building built back in 2003 will receive several upgrades including new appliances, and new fitness equipment for the community gym. Kitchens will receive Energy Star refrigerators and dishwashers, which will be installed to improve energy efficiency, and outdoor furniture will also be added to the amenities of the complex.

Other upgrades are to include single stacked washers and dryers in units, quartz counter tops in both the kitchen and bathrooms, and new plank flooring in the kitchen and bathrooms, as well as new carpet in some additional rooms. Units will be re-painted, and some rooms will receive new sinks and faucets, new cabinet faces in the loft units, and updated bathroom lighting and hardware. In a press release, Vulcan has expressed that the upgrades should help the Alcyone stay competitive in the neighborhood, with all of the new building proposals, and developments already underway. For more information about the apartments or availability visit Alcyone today.

 

Amazon’s SLU Sale Is the Largest in the US for 2012

The mammoth $1.16 Billion Amazon sale of their South Lake Union headquarter went through last week, and was officially dubbed the largest commercial office sale of 2012, according to the Puget Sound Business Journal. The stats are tracked by New York research firm Real Capital Analytics, and the Amazon transaction was recently ranked as the 27th largest commercial office sale in US history. According to the Puget Sound Business Journal, Amazon had plenty of incentive to close the deal prior to the new year; Amazon made a $51 million deposit that the company would forfeit if the transaction did not close this quarter. amazon

The sale certainly blows other substantial commercial transactions out of the park, with the next largest deal estimated at $868.6 million being a 1.2 million-square-foot building in San Francisco. The question still hangs in the air as to where all of the Amazonians will live around SLU once the expansion is full installed? Is there enough condos and rentals available in the neighborhood, or will it become overbuilt with highrises in upcoming years?