In an exciting development expected to transform Redmond, Washington, the Redmond Town Center is gearing up for a major redevelopment project. Spearheaded by global real estate firm Hines, in collaboration with architectural firm GGLO and project owner Fairbourne Properties, this comprehensive plan aims to revitalize the 21-acre retail core of the town center and introduce a sustainable and modern mixed-use development. The project is set to undergo its first city design review this week and has garnered significant attention for its emphasis on sustainability and community inclusivity.
The proposed plan envisions approximately 1 million square feet of new construction, which will be implemented in phases over the next decade. The redevelopment project aims to breathe new life into the area currently dominated by surface parking lots. The plan includes constructing four new buildings, stretching from the south near Bear Creek Parkway to the north, adjacent to the future light rail station. The development aims to preserve and enhance open spaces, creating a vibrant, green, and accessible urban environment.
The redevelopment initiative embraces a mixed-use approach, catering to the diverse needs of the Redmond community. Two development tracks have been proposed: one focusing on residential units with approximately 942 apartments and the other blending approximately 491,050 square feet of office space with a reduced number of apartments, totaling around 424 units. The initial phase includes expanding an existing parking garage with a two-story addition to offset the loss of surface parking and provide approximately 316 additional parking stalls. Subsequent phases will see the construction of mixed-use buildings, incorporating offices, apartments, and around 40,000 square feet of new retail and commercial space.
One of the standout features of the redevelopment plan is its commitment to achieving LEED Platinum certification, which is the highest standard for environmentally sustainable construction. The project aims to incorporate sustainable design elements and practices throughout the development, minimizing the environmental impact and creating a healthier and more energy-efficient community.
Additionally, the project addresses the pressing need for affordable housing by ensuring that 20 percent of the apartments will be accessible to households earning 60 percent of the area's median income. This commitment to affordable housing reflects the developers' dedication to creating a diverse and inclusive community within the Redmond Town Center.
While introducing new mixed-use buildings, the redevelopment plan ensures that any retail space removed during the construction process will be replaced, preserving the area's commercial vibrancy. This approach aims to support local businesses and maintain a thriving retail environment within the town center.
With a vision that includes new construction spanning approximately 1 million square feet, the project will unfold in phases over the next decade. By constructing four new buildings and strategically utilizing the space from south to north, the redevelopment aims to enhance open areas and create an accessible and vibrant urban environment.
The project's emphasis on a mixed-use approach underscores its commitment to meeting the diverse needs of the Redmond community. With a focus on residential units and office spaces, coupled with retail and commercial offerings, the redevelopment plan aims to foster a dynamic and inclusive urban center that supports both living and working requirements.
A key highlight of the project is its dedication to achieving LEED Platinum certification, ensuring that sustainable design practices are integrated throughout the development. By minimizing its environmental impact and prioritizing energy efficiency, the project aims to create a healthier and more sustainable community.
The Redmond Town Center's major redevelopment project represents an exciting and forward-thinking endeavor that will reshape the landscape of Redmond, Washington. With an emphasis on mixed-use spaces, sustainable design, and community inclusivity, this ambitious project aims to create a vibrant and environmentally conscious urban center for residents, workers, and visitors alike. By incorporating sustainable practices and providing affordable housing options, the redevelopment will contribute to a more sustainable and equitable future for the Redmond community.
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