Avenue One in Belltown, Seattle

Seattle Condo Buildings

Avenue One

Smaller established Belltown building with easy access to Seattle Center and the waterfront.

2721 1st Avenue · Belltown · Seattle

Building note: Intracorp records completion in 2005. The original fire-protection contractor calls the project First & Clay and describes 13 stories; some secondary directories count 14. The original developer and project contractor both report 116 homes. Secondary directories have published 115 or 120; the directory follows the primary project records.

Building Highlights

Built
2005
Stories
13 fl
Residences
116 homes
Neighborhood
Belltown
Developer
Intracorp
Architect
GGLO Architects

The Building Story

First and Clay: a compact chapter in Belltown's condominium transformation

Avenue One belongs to the period when Belltown's residential identity was being built block by block. Completed in 2005, the Intracorp development put 116 homes above retail at First Avenue and Clay Street. Its scale is substantial without being a skyline-dominating tower, and its appeal comes from a practical combination: a recognizable city corner, a broad range of relatively compact homes and shared rooms that extend life beyond the individual floor plan.

Avenue One building exterior
Avenue One building exterior

The original project name

Before Avenue One, it was First & Clay

The building's fire-protection contractor records the project as First & Clay, a thirteen-story development with 116 residences and ground-floor retail. That working name is a useful introduction to the architecture. The project was organized around an ordinary urban proposition: make a street corner support housing, shops and shared residential space, all within one relatively compact footprint.

A developer already working nearby

One building in a longer Belltown sequence

Intracorp's project archive places Avenue One between several of its other Seattle condominium developments. Ellington was completed in 2001, The Vine in 2003 and Avenue One in 2005; Parc followed in 2008. This sequence helps locate Avenue One in the neighborhood's development history. It was part of a sustained investment in urban condominium living, rather than an isolated experiment on an unfamiliar corner. For a buyer comparing nearby buildings, that shared development background is useful context, while each property's design and subsequent ownership history remain its own.

The design team

GGLO architecture with Ledingham interiors

The developer credits GGLO Architects with the building and Ledingham Design with the interiors. Intracorp's completed-project record describes homes generally ranging from about 500 to 1,300 square feet, with a penthouse and retail below. The original concept therefore depended on efficient individual plans and a more generous collection of common spaces. That is a different starting point from a building organized primarily around large residences. The interesting comparison is how much useful living each plan provides, including entry space, furniture walls and the boundary between a den and the main living area.

A mixed-use street edge

The building contributes more than a residential entrance

Smith Fire Systems' project account confirms that retail was part of the original construction, alongside the residences and their amenities. The building-specific sales archive likewise describes shops at the base and identifies a range of residential configurations above. This is a small but meaningful distinction in Belltown: daily life begins at a working commercial sidewalk, with storefronts as well as a lobby. The relationship between a home and that street changes with elevation and orientation. A lower-floor residence can feel closely connected to the block; an upper-floor one can experience the same address principally as an outlook.

The range behind one address

Studios, dens and larger corner plans

Historical building profiles describe studios, one-bedroom homes, one-bedroom plans with dens, and two-bedroom configurations with or without a den. A 2015 first-hand tour also found substantial variation in usable space and window exposure. That variety makes Avenue One more interesting than a single representative listing suggests. For someone who works at home, an actual separate work area may matter more than a small difference in advertised square footage. For another buyer, the more valuable feature may be a broad living room window or a plan that keeps the sleeping area away from entertaining space.

Life outside the front door

Shared rooms extend the smaller plans

The developer's amenity program included a roof terrace, club room, guest suite and fitness center. A later building tour described both a common room with an adjoining terrace and a separate roof deck. These spaces give the building a layered approach to hosting: a private home for daily use, a larger gathering space for occasional company and a guest room for visiting friends or family. Their value is personal rather than automatic. A buyer who expects to entertain or host overnight visitors may use this arrangement quite differently from someone who rarely leaves the private apartment.

Belltown at close range

The view depends on the exact side of the building

The 2015 tour noted that some north- and west-facing homes enjoyed water or landmark outlooks, while other exposures faced nearby buildings more directly. It specifically identified the relationship to Parc on the west and an office building to the south. That observation captures a lasting feature of dense urban housing: floor number alone does not explain the view. At Avenue One, compare daylight, distance to facing windows, balcony usability and the portion of the outlook visible while seated. These details reveal the character of an individual home more clearly than a generic promise of city views.

Good to know

Before choosing a home here

  • Use 2005 as the completion year and 116 as the developer's residential count; some secondary directories mix sales dates and conflicting totals.
  • Compare the specific plan, den configuration, balcony and neighboring-window exposure at the time of day you expect to be home.
  • Confirm current concierge hours, guest-suite and common-room reservation terms, parking and storage assignments, and the building's capital plans.
Explore the research behind this building

Architecture and project-history references describe the original design. Current amenity access, financial condition, building rules and individual property features must be verified from the latest association and listing records.

Homes for Sale

Currently available at Avenue One

Explore available homes, photography and pricing from the live NWMLS feed.

Pinnacle GroupLuke Bartlett

Listing data is provided by Northwest Multiple Listing Service (NWMLS) through IDX Broker. Information is deemed reliable but not guaranteed and must be independently verified.

Building amenities

  • Rooftop deck
  • Guest suite
  • Owners lounge
  • Fitness
  • Secure parking
  • EV charging noted in public amenity data

Amenities are reported in public building and listing sources. Confirm current access, reservations, fees, and any parking or storage assignment with the association.

Building photography

2 photographs of Avenue One.

Rental & Leasing

Leasing at Avenue One

Rental cap
No building rental cap · publicly reported
Minimum lease
1 year · publicly reported
Short-term rentals
Not permitted as a short-term rental · publicly reported
More rental details
Cap status / waitlist
No building rental cap, 1-year minimum lease publicly reported
Subleasing
Current HOA details required
Lease / registration
Current HOA details required
Rental / move-in fees
Current HOA details required
Background checks
Current HOA details required
Source status
Verified public source
Last verified
August 10, 2026

Leasing rules and availability may change. Confirm current terms with the condominium association before purchasing or leasing.

What Buyers Should Know

Due-diligence checklist

  • Resale certificate
  • Reserve study
  • Budget and financial statements
  • Insurance
  • Assessments
  • Capital projects
  • Litigation
  • Rental rules
  • Owner occupancy
  • Financing / warrantability
  • Parking and storage rights
  • View / future development
  • Building systems and age

What Sellers Should Know

Who you compete with

Sellers compete with current same-building inventory, similar stacks, floor height, views, parking, condition, amenities and nearby buildings.

Work with Luke

Considering a condo at Avenue One?

Association rental and leasing rules, rental caps, current cap availability, waitlists, minimum lease terms, fees and short-term-rental policies can change at any time. Information should be independently verified through the current resale certificate, declaration, rules and regulations, association management and applicable City of Seattle requirements before purchase or lease.