Wednesday, December 10, 2008

Beacon Hill Flats: Apartments, Condos, Apartments

Even before the severity of the economic downturn became daily news this fall, I thought that the "luxury condo" conversion of the old 1950s Cascade Apartments complex at 14th and Holgate was ridiculously optimistic.

But you couldn't fault Beacon Flats' PR job. They had a snazzy website, Google ads, a trendy type treatment ("b e a c o n F L A T S"), and, of course, their own silly tagline ("city living with an edge").

Back in the spring, I got irritated that the team doing the classy remodel on the building wasn't classy enough to proactively clean up the prominent graffiti on the building. So I filed a complaint with the city about it, and they did clean it up (and even planted some struggling bamboo plants in front of the former mess).

Then the units went up for sale. And mostly sat. Though I do remember checking the website and seeing that at least a couple of the upper units ended up being listed as sold as the prices were dropped.

I'm not sure what happened to those, because now the units are all listed as rentals, and the county classifies the property as an apartment building.

However, there's still a hint that this building once aspired to be a condominium. Some schizophrenic language on the site advertises "Only 1 Condo left for Rent!"

9 comments:

Anonymous said...

do they do picket fences?

LMM said...

Too bad the staging wasn't done better and the website isn't really doing it justice- black background. Anyone know what it take for an owner to change a building from apartment to condo's- I mean the legal definition? And then of course if the reverse is true.

Steelbuilding said...
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Steelbuilding Steel said...
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uppergeorgetowner said...

I was wondering whether the project at the Christian Restoration Center is also on hold. I can't imagine they would move forward in this economy, but that building is an eyesore.

Anonymous said...

Oh my god I always thought I was the only one who thought the Beacon Flats were unintentionally hilarious. It was like they slapped a new coat of paint on a 1950s apartment building and gave it a fancy sign and then thought people would want to buy them as condos.
The part that was not funny was how those "condos" were really the only affordable "condos" in Beacon Hill. The ones near my house are listed at $329,000 (and they're small and crappily built.) The ones across from the Beacon Pub are listed at $425,000!!! It's disgusting.

Anonymous said...

"so this is what its come to" was always my thought when passing by those "condos" last year or so. I was wonding what was going on with them now....thanks for the info.

mahalie said...

Personally I like them, as condos or apartments. It's the best possible scenario to have developers re-use existing buildings in a way that is functional and pleasant. Better than tearing everything down, better for the environment and the neighborhood character!

On busy streets like Beacon condos and townhomes are the right idea...hope to see more like them. I think they just got caught in bad economic timing...who didn't?

JvA said...

I just think it's a shame that all those renters got kicked out of their homes for the building to end up as an apartment building after all.