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August 1, 2022

Toll Bros. & Brookfield pour $43M into Covington gravel pit

Real Estate Editor

Rendering by Oakpointe Communities [enlarge]
In this two-year-old marketing image, looking north from the new lake, commercial and residential development is planned.

A future Covington development site at and around 19501 Frontage Road sold last week for $43 million, according to King County records. The seller was LakePointe Covington, associated with Oakpointe Communities of Bellevue, which acquired the 214-acre former Lakeside Gravel pit in 2020 for $28 million.

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