Legacy Partners Expands Seattle-Area Footprint
The 3.80-acre retail property in Redmond has the capacity to house more than 600 residential units upon redevelopment.
by Adina Marcut
Redmond Square
Redmond, Wash.—Legacy Partners recently announced the acquisition of the 3.8-acre Redmond Square retail center located at 16425 Cleveland St. in downtown Redmond, Wash. Legacy is partnering with a Beijing-based public company known for their specialization in green building techniques, on the redevelopment of the site, which has a capacity for more than 600 residential units.
The company has been keeping busy in the area lately. This September, Legacy broke ground on its “Triangle” project, a six-story building that will include 195 units and 9,500 square feet of space. The company also recently announced the sale of the Milehouse, a 117-unit apartment community, also located in Redmond.
“The new parks, proposed light rail station and the expanding restaurant and retail scene make this an exciting time to work and live in downtown Redmond. Legacy is eager to continue contributing to the development of this community,” Kerry Nicholson, senior managing director of Legacy Partners, said in prepared remarks.
The purchased land is situated within a few blocks of the planned light rail station and the Redmond Town Center Mall, which houses 110 restaurants and shops as well as a public market, movie theaters and a library. Additionally, Redmond Square is surrounded by green space, adjacent to a new park that extends the length of downtown Redmond with public art, bicycle and pedestrian paths that border the south side of the property.
Image via Google Street View
