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Henbart LLC recently broke ground on a four-story, mixed-use residential project dubbed Parque Kirkland.
The building will be 144,151 SF and include 70 units, with 22K SF of ground-floor retail that will include a Bartell Drugs store. The location will include 155 parking stalls, charging stations and bike amenities.
The project is located at 312 Central Way and Third Street in Kirkland. Henbart said it will attempt to achieve LEED Gold status, but plans to go above and beyond what is necessary in order to blend the project into Kirkland’s existing ambiance and style.
The long, narrow site will include a staircase that connects the street to the rooftop terrace. The development will feature a fitness room, a residential lounge, a dog wash area and bike storage on every floor.
The project is set to deliver in spring 2021. W.G. Clark is the general contractor, with Graphite Design Group as the architect and interior designer, DCI as the structural engineer, Hewitt as the landscape designer and PacLand as the civil engineer.
Multifamily housing is springing up all over the Eastside, and Kirkland is no exception: Magma Equities recently completed The Slater, a multimillion-dollar condominium conversion project that includes five affordable housing units reserved for those making less than 80% of the area’s median income.
As the PNW becomes known as a major tech hub, firms are scrambling to stake out space in this area. The increase in jobs, especially on the Eastside, is driving the need for more housing. In 2018, Kirkland was one of the top five PNW submarkets to see year-over-year rent growth. Still, despite the growing demand for housing on the Eastside, rent is still more affordable east of Lake Washington than it is in Seattle.
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