BUILD Q3 2023 4 News xecutives from Realogics Sotheby’s International Realty (RSIR) and Vibrant Cities, the development Manager of Alki Project, LLC, jointly announced the settlement of the contractor lien dispute allowing for presale closings to commence immediately. The agreement clears title for the new, luxury beachfront condominium units, so RSIR will immediately reconvene with sales, including converting their prior reservations to purchase and sale agreements. The first closing was Unit 4C, a two-bedroom, two-bathroom condominium estate that sold on June 12 for $1,724,950. The home comprised 1,244 square feet of interior floor area and 169 square feet of exterior floor area for a total of 1,413 square feet of combined living space. Market watchers say this sale establishes a clear benchmark for luxury living on Alki Beach. “We are elated to move forward with closings and now, fully realize our vision for Infinity Shore Club Residences,” said Ming Fung, President of Vibrant Cities. “We have tremendous gratitude to our patient homebuyers, the broker community, and our development team members for navigating this unfortunate delay together. However, good things come to those who wait. This first-of-its-kind condominium estate on Alki Beach took more than 20 years to bring to fruition, and now we bestow this new community to our current and future homeowners.” Fung confirms the timely resolution between the developer, contractor, and lender syndicate aligns their interests toward a successful sellout of the community without further interruptions. A formal grand opening event is targeted for late July 2023, which will follow additional closings that are now being scheduled. Realogics Sotheby’s International Realty and Vibrant Cities Reconvene Sales of Infinity Shore Club Residences; Announce Resolution to Contractor Dispute E “Infinity Shore Club Residences is the epitome of luxurious bayside living—simply nothing compares in the region,” said Mark Braseth, who will be the community’s first resident along with his wife Susan. “The location, the architectural design, the finish specifications, and the amenities are matchless on Alki Beach. We’ve been waiting for the right opportunity to make us move, and we’ve found the perfect fit just in time for summer.” Braseth affirms Infinity Shore Club Residences delivered on the promise of “condominium estates,” the architect’s vision to build all larger format homes with voluminous ceilings, generous outdoor terraces, ample secured access parking and storage, and more than 13,000 square feet of interior and exterior amenity spaces to be shared by only 37 homeowners. “This boutique community is a collectable address that is inherently rare and as such, valuable,” adds Braseth. “We are excited to enjoy a lifestyle investment that is so quintessentially Seattle.” Dehlan Gwo, RSIR’s Vice President of New Developments, will personally lead the sales efforts with support from his listing team. Currently, there are a dozen presales or reservations in process. “The sun is out, the beach is warming up, and so are homebuyers,” said Gwo. “The recent closing and pending sales define a real estate microclimate for West Seattle as we establish a new benchmark for super prime property in this unique waterfront submarket. We are now scheduling private tours and accepting new purchase agreements. As the namesake suggests, our views will go on forever, but this opportunity won’t last.”
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