Monday/ ‘No Bears Allowed’

I walked by the newly completed The Point apartments at 1320 University Street in the First Hill neighborhood today.

‘No Bears Allowed’, says the website of their pet policy. May we add: no bears allowed into the US stock market, as well. (Dow Jones down 3.6% today).

The architect had to squeeze the building into a triangular ‘flatiron’ shape. Those apartments on the narrow end have a great 270° view onto the streets below. Upper floor residents should be able to see a lot of the First Hill and Seattle downtown surroundings.
A poured concrete beam at the base of the apartments. The building has 11 one bed-one bath apartments, and 6 two bed-two bath apartments. These apartments are pricey: a one bedroom goes for $2,550/ month.  In late January, the parliament of the Berlin city-state in Germany, approved a five-year freeze on rents and a price cap of €9.80 per square meter — or about $1 per square foot. Seattle’s metro area is way, way (2x, 3x) beyond that kind of rate with these new apartments that come online.

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