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June 1, 2009

Marlborough House, Domaine sales show how condo market has tanked

Journal Staff Reporter

Image courtesy of Intracorp [enlarge]
Domaine sold at a trustee sale to Broadstone Domaine LLC for $19.5 million. The condos had ranged in price from $300,000 to $800,000. It was designed by Mithun for Intracorp. A real estate source familiar with the project said last year that none of the condos had sold.

Contractors and investors involved with Marlborough House, a high-profile 82-unit condo-conversion project on Seattle's First Hill, are out millions of dollars as the result of Friday's trustee sale.

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