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Rendering: Burrard Group

Nexus, a condo development at 1200 Howell Street in Seattle’s Denny Triangle, is slated to break ground this month. At 40 stories, it will be the first high-rise in downtown Seattle to start construction since 2012, according to the Puget Sound Business Journal.

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Rendering: Burrard Group

Burrard Group, the Vancouver, BC-based developer behind Nexus, has already started taking $5,000 refundable deposits from potential buyers. The firm assembled the 14,400-square-foot site last spring when it paid Benaroya Capital and Diamond Parking $14.95 million for two parcels of land.

To date, more than 80 percent of the building’s 382 homes have been reserved. Prices range from the low $300,000s to over $3 million, according to Nexus’ marketing firm, Realogics Sotheby’s International Realty. Weber Thompson is the architect for the project and Skanska is the contractor.

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Rendering: Burrard Group

For Burarrd Group, Nexus’ popularity is unsurprising. It says in a blog post that 99 percent of Seattle condos that have been built for sale in the last five years have already been reserved during priority presales. Two-thirds of the condos planned for delivery by 2019 have also been reserved.

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Rendering: Burrard Group

In addition to condos, Nexus will house about 3,500 square feet of ground-level retail space and parking for 321 vehicles both above and below grade. It may also have a restaurant on one of its upper floors. Burrard Group expects to complete the project by mid-2019.

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