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January 30, 2024

A bit more detail for Redmond Town Center redevelopment

By BRIAN MILLER
Real Estate Editor

Rendering by GGLO [enlarge]
Looking northwest, three new apartment buildings could go south of the existing retail.

As the DJC first reported last month, developer Hines and architect GGLO are working with the retail owner at Redmond Town Center, Fairbourne Properties, on a major redevelopment plan. The first city design review will come this week on Thursday, and there are a few new details for the project.

New to the team are Magnusson Klemencic Associates, structural engineer; Coughlin Porter Lundeen, civil engineer; HWA Parking, parking consultant; and TenW, traffic consultant.

Fairbourne's retail portion of Redmond Town Center spans about 21 acres. Much of that is surface parking, and that's mostly where four new buildings are planned, proceeding from south — facing Bear Creek Parkway — to north, near the future light rail station. Open space will be preserved and augmented.

About 1 million square feet of construction may follow, with no declared schedule, to proceed in phases over a decade or so. Some small amount of retail would likely be removed, but the new mixed-use buildings are to replace that with roughly equivalent space. LEED Platinum certification will be targeted.

Photo via Fairbourne Properties [enlarge]
Redmond Town Center currently has about 110 stores and 22 restaurants, spanning over 500,000 square feet.

Two development tracks are contemplated: all apartments, with some 942 units; or about 491,050 square feet of offices with fewer apartments — meaning around 424 of the latter. An existing parking garage would also get a two-story addition, to compensate for lost surface stalls. That would be Phase I of the project, adding some 316 stalls to the garage.

Phases II and III, on the lots north of the Archer Hotel and BJ's Restaurant building, would be a pair of 12-story buildings with offices, apartments or some combination of both.

Phase IV would replace the BJ's building with a seven-story apartment building. Then, to the north, Phase V would add two seven-story apartment buildings facing Northeast 76th Street and Downtown Remond Station (possibly to open next year).

Apartments would run from studios to three-bedrooms. Whatever the eventual unit total, 20% of those apartments would be affordable to households earning 60% of area median income.

All five phases would add around 40,000 square feet of new retail/commercial space. Existing parking capacity is now around 1,900 stalls. Future structured parking would add somewhere around 700 to 800 stalls.

Redmond Town Center currently has about 110 stores and 22 restaurants, spanning over 500,000 square feet. (Fairbourne owns that with partner Harbert Management.) Separately owned are the Marriott Hotel, Archer Hotel and some 600,000 square feet of office space.


 


Brian Miller can be reached by email at brian.miller@djc.com or by phone at (206) 219-6517.




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