LUMA Condominium Nearing Completion, Move in this Summer!

Boasting award-winning interiors plus life-enhancing amenities including a rooftop clubroom with fireside lounge, library, and chef’s kitchen with private dining for eight or more, LUMA is perfectly situated within the historic neighborhood of First Hill with immediate access to the vast array of eateries and activities in Capitol Hill’s Pike/Pine corridor and downtown.
LUMA’s 100th buyer, David Rouff, was asked what he is most excited about when thinking about his new purchase. “I’m excited to feel at home in the center of so much activity, but still have the quiet comforts of home and the amazing rooftop terrace to enjoy. I’m also looking forward to having such a variety of great restaurants and live music venues in the neighborhood” said Rouff.
New construction has its benefits, as more and more homebuyers are finding themselves embroiled in the stress and disappointments of bidding wars and escalation clauses; at LUMA you choose the residence that fits your lifestyle and the price listed is the price you pay.
When asked why she chose LUMA, future resident Sally Suh noted, “I wanted to purchase new construction and chose LUMA over other condominium options due to its smaller, boutique feel, and the great views of the downtown lights, Cascades, Mt. Rainier, Lake Union and more.” She’s excited to be on First Hill with easy access to so many great places in the city, plus it’s simple to hop on a number of modes of public transportation, including the new Capitol Hill Streetcar and Sound Transit light rail from the Capitol Hill station, when she wants to leave her car at home. LUMA developers were keeping those types of needs in mind when they began targeting LEED Silver Certification: a walk score of 98, a transit score of 96, windows that optimize energy consumption, Energy Star appliances, water saving plumbing features, LED lighting, car charging stations, rooftop deck plantings that reduce heat gain and 40% more bike spaces than required.
Sales at LUMA have continued at a steady pace with more than 65% of inventory sold (41 sales in the last three months alone). With one-bedroom residences priced from the mid $500,000s they are continuing to see appeal from first-time home buyers. Two-bedroom residences from the $700,000s are attractive to buyers who have been ‘trying out’ city living in deluxe rentals after downsizing from single family homes and are ready to purchase a home rather than continue to battle ever-rising rents in the Seattle market.
Purchasing versus renting is a popular debate. It often comes down to personal preferences and lifestyle, but of course there are some real, tangible financial benefits to owning a home: monthly payments that lead to equity, a set monthly mortgage, tax benefits for mortgage interest and property taxes which can add to significant savings at tax time annually and if you choose to move, the sale of you home can help to fund your new purchase or put money back into your savings.
With first move-ins planned for August, LUMA buyers will soon get to experience all that their new First Hill home has to offer, whether it’s the rooftop terrace with soaking pool to take in the Seattle summer weather and the surrounding vistas, working out in the fully-equipped fitness center or pampering their four-legged family member in the LUMA pet station. Visit LUMA today!