Da-Li Development USA Chairman James Hsieh, left, and his son and company Vice President Kevin Hsieh have opened a regional development office in Seattle's Pioneer Square. They're standing next to a model of Koda, a 17-story condominium project. Da-Li plans to break ground on the project this winter as it begins planning a second tower near the Space Needle.
Da-Li Development, the developer for KODA is expected to open their Sales Gallery by early November 2018 for previews, giving an official first look at the highly-anticipated 18-story urban luxury residential tower coming soon to Japantown-International District.
Da-Li Development is pleased to announce that KODA, the next generation of urban living, has received a Preliminary Design Review (PDR) for its new development located in the historic Japantown-International District on October 9, 2018 by the board of the International Special Review District (ISRD).
Representatives of DA LI Development USA recently released a collection of new renderings following the design confirmation of the interior specifications and common areas while the construction entitlements continue to process with the City of Seattle. Meanwhile, the KODA Discovery Center has been secured and is under development at 510 Occidental Avenue South in Pioneer Square, just north of Century Link Field.
For May 2018, the S&P CoreLogic Case Shiller Index registered a 21st month with Seattle leading nationwide home prices. While competing Pacific Coast gateway cities Los Angeles and San Francisco saw year-over-year home price increases of 7.64 percent and 10.87 percent, respectively, Seattle’s 12-month advance widened to 13.59 percent. The monthly increases on the Index were 2.23 percent for Seattle, 1.08 percent for San Francisco, and 0.48 percent for Los Angeles.
The second half of 2017 evidences what may be a paradigm shift in consumer trending from rent to buy. According to research by O’Connor Consulting Group, annual apartment demand in 2017 fell by 4,500 units (unexpectedly) throughout King and Snohomish counties and this decrease was concentrated into the second half of the year.
Drawing upon more than 17,000 members across North America, the Asian Real Estate Association (AREAA) hosted its annual Global + Luxury Summit (GLS) in Seattle for the first time with events around the city from April 6-9. The GLS has traditionally been held in global gateway markets like New York City, Miami and Honolulu, but Seattle’s rise as an international hotspot secured its position as a host city.