Despite COVID, MainStreet Stays Steadfast on Marymoor

A prime mixed-use apartment development site adjacent to Marymoor Park in Redmond recently sold for $14.25 million. The 2.14-acre parcel is located at 17515 NE 67th Ct., across the street from Marymoor Park and within walking distance to the SE Redmond station of the East Link Light Rail.

The site is currently designed for 211 apartment units, 21 of which will be ARCH affordable units, and nearly 14,000 square feet of commercial space. This development will be broken into two buildings, allowing for an urban forest that cuts through the project.

The project team includes Tiscareno Architects, KPFF Civil Engineering, DCI Structural and GenCap Construction. The project has received design review approval and is targeting a late 2022 construction start.

Dylan Simon, Jerrid Anderson and Max Frame, a multifamily investment team based in Kidder Mathews’ Seattle headquarters, represented the seller in the marketing and sale of the property.

“MainStreet Property Group began working on this development well ahead of the COVID-19 pandemic, and despite challenges in the regional apartment market over the course of 2020, MainStreet held steadfast in its clear vision on Marymoor as a vibrant community and the importance of transit adjacency for making livable communities in Seattle-Bellevue-Redmond,” said Simon.