Source Link: https://www.djc.com/news/re/12132681.html
By BRIAN MILLER
LMCannounced last week that it has broken ground on LMC Marymoor at 17609 N.E. 70thSt. in Redmond.
Thethree-building mixed-use project will have 450 units and retail on a triangularsite a short walk to the future Southeast Redmond Station, where light railservice will begin in 2024.
LMC's BradReisinger said in a statement, “We were especially excited to develop this siteas the recent rezoning provided a blank canvas for our team to create a trulyunique living option for our future residents.”
The city ofRedmond previously upzoned that area, dubbed Marymoor Village, where LMC, UnicoProperties, MainStreet Property Group, Trammell Crow Residential and Winson Investment havebeen actively buying land and developing new apartments.
EncoreArchitects designed LMC Marymoor, which will include around 37,000 square feetof retail and commercial space and about 550 parking stalls.
LMC armLennar Multifamily Builders is the general contractor. The team also includesWeisman Design Group, landscape architect; PanGeo, geotechnical; KPFF, civilengineer; Bykonen Carter Quinn, structural engineer; Nine dot Arts of Denver,public art; Robinson Engineering, electrical; Haggard Electrical Contractors;Rhine, demolition; SJS Mechanical Services, plumbing; Comfort SystemsNorthwest, mechanical engineer; and Santa, project manager.
LMCanticipates tenants will begin to occupy the buildings in early 2022. Cityrecords indicate a phased approach, with the north building opening first,followed by the east and west building. Units will range from studios tothree-bedrooms, with 450 to 1,400 square feet. Ten percent of units will beaffordable.
LMC's BradMachat said the apartments will be “highly amenitized” and offer “the openspace and ample outdoor amenities of a suburban garden-style community.”
The projectis also called One Marymoor Park in retail leasing materials from JSHProperties. The architect also calls it Marymoor One, so final branding may notbe decided yet.
LMC paidabout $26 million for the almost 5-acre site early last year. It was long hometo a number of small industrial buildings.
Separately,LMC and Encore filed a plan in March for a site a little to the west; thatwarehouse property hasn't sold yet, but 285 units in a five-story building areplanned.
June 9, 2020