Seattle's Trace Lofts Unveils Project Details for Historic Warehouse Turned Living Spaces

Market Wire, February, 2007

Trace Lofts , a historic meets modern living spaces project in Seattle's 12th & Madison neighborhood, has unveiled additional details for its initial offering of 42 Built Green lofts converted from a 1919 warehouse, scheduled for completion in summer 2007. Complete floor plans, finishes, price ranges, and historical information about Trace and the surrounding neighborhood are available at www.tracelofts.com . Additionally, Trace is now accepting prequalification applications and reservation appointments throughout February, giving interested buyers an opportunity to reserve their loft living space prior to the April opening of the on-site buyer's information lounge.

More than 400 prospective buyers and real estate agents attended a Jan. 18 sneak preview event at neighboring restaurant Osteria La Spiga. The evening showcased Trace, including many industrial artifacts discovered during the renovation that will be repurposed as design elements for the 42 loft spaces in Trace Lofts. Artifacts will also be used throughout Trace North, a neighboring modern building being constructed in a vacant lot, which will feature 100 living spaces and is scheduled for completion in early 2008.

"Initial interest in Trace has been strong, in large part because the project blends past and present," noted Ted Schroth, manager of Trace Lofts LLC, the project developer. "The Trace building has served as many different things, from a Buddhist temple to an industrial warehouse and sewing factory, and we are seeking ways to create a new living experience while maintaining an authentic sense of history. Through the adaptive reuse of the building, we are preserving a piece of the neighborhood while enhancing its future, comparable to what has been achieved in Portland's Pearl District and Vancouver BC's Yaletown."

Adding to the creative 12th & Madison neighborhood, the street level of Trace will house diverse retail shops with boutique products and services. Already, adjacent to the Trace Lofts residential lobby a mid-century Manhattan bar called Gun Club is underway, created by Top Pot Doughnuts mastermind Michael Klebeck.

The Trace building includes:

--  Elements of the original building which will be used throughout Trace,
    including original brick walls, exposed steel beams, steel quilted doors,
    and industrial artifacts found during renovation;

--  Wide-open floor plans with clean lines, spacious ceilings, and light-
    filled spaces;

--  Warm, earth-friendly finishes including reclaimed Douglas Fir
    flooring, recycled vinyl bathroom flooring, rift cut oak cabinets, and
    natural stone countertops and accents;

--  Thirty-four unique floor plans offering approximately 550 to 1,200
    square feet of living space;

--  Penthouse lofts with private decks, terraces, and clerestories;

--  A large shared roof deck that offers sweeping views of the city and
    surrounding 12th & Madison neighborhood;

--  Pricing from the low $300,000s to just under a million;

--  Pet-friendly living for dogs and cats up to 40 pounds.
    

In addition to receiving a first look at Trace Lofts details, guests at the sneak preview were treated to delicious Osteria la Spiga fare, a selection of Italian wines, tunes spun by local DJ "Same DNA," a residents' lounge furnished by Area 51, and a taste of the eclectic bar coming to Trace Lofts. Interested buyers are encouraged to visit the newly expanded Trace Lofts website ( www.tracelofts.com ) or call 206.404.LOFT (5638) for additional details. For specifics on how to buy a loft at Trace, visit www.tracelofts.com/pdfs/reservationprocess.pdf .

About Trace

Blending modern and historic, Trace offers 142 wide-open living spaces in Seattle's vibrant 12th & Madison neighborhood -- a gateway to downtown. Appealing to creative people, the Built Green project takes its architectural cues from a handsome early-Seattle mercantile building being adapted into 42 loft spaces known as Trace Lofts, scheduled to open in summer 2007. Trace North is a neighboring modern building featuring 100 living spaces that will also incorporate historical elements throughout, scheduled for completion in early 2008. Trace living spaces include environmentally friendly modern finishes artfully mixed up with original features, including artifacts discovered during the renovation that will be placed throughout the buildings as design elements. On the street level Trace will house new "character" retail merchants providing unique goods and services to residents and neighbors. Explore Trace and the vibrant 12th & Madison neighborhood at www.tracelofts.com .

Media Contact: Sarah Matheny Duo Public Relations forTrace 206.957.6551 Email Contact