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October 15, 2020

115 Totem Lake units planned, all to be affordable

Real Estate Editor

TWG of Indianapolis is planning to buy and redevelop a vacant sloping site at 12410 N.E. Totem Lake Way in Kirkland. The midrise plan describes 115 affordable units for renters earning 60% of area median income. Megan Adams, formerly of Imagine Housing, is leading the effort, which the city calls Grata @ Totem Lake.

TWG has development and construction arms. It builds commercial, market-rate, affordable and senior housing. In our state, its only listed development is the 216-unit Salish Flats, a little west of Spokane. The company has since 2007 completed 4,069 units in 11 states, and currently has 3,271 under construction.

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