
Sound West Launches Project-Specific Opportunity Zone Development Near Seattle
Seattle-based The Sound West Group of companies commenced development of Marina Square, an opportunity zone project project near Seattle, in Bremerton, WA. The three-asset class, mixed-use waterfront development will include multifamily, hospitality and paid parking.
Marina Square is one of the first project-specific qualified opportunity zone projects of its kind in the country.
The project at 232 Washington Ave. will include a 125-room hotel tower by Cambria Hotel, which will feature a waterfront restaurant, bar, fitness center, market and conference center. The unique design will ensure every room includes a view of the water, marina and mountains.
A separate high-end apartment tower will feature 145 urban-living apartment flats, with several community amenities, including a rooftop deck, private clubhouse, business center and lounge. Both towers will sit atop a subterranean, paid-parking garage for 382 parking stalls. Construction is slated to commence this spring, and the project is expected to deliver roughly 18 to 24 months later.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development