KIRKLAND, Wash., May 8, 2018 /PRNewswire/ -- LMC, a leader in
multifamily home development and management, today announced the
start of construction of The Bower, a mixed-use apartment community
in the emerging Totem Lake neighborhood.
The community, being developed adjacent to The Village at Totem
Lake and EvergreenHealth Medical Center near downtown Kirkland, will consist of 339 apartment homes
and 7,000 square feet of ground-floor retail. First move-ins are
anticipated for late spring/summer of 2020.
"The Puget Sound economy continues to be one of the most robust
in the nation with quality job growth and strong in-migration,"
said Brad Reisinger, division
president of Pacific Northwest for LMC. "Kirkland has always been a strong suburban
market with its picturesque downtown, strong schools and access to
transit and quality jobs. The redevelopment of the Totem Lake Mall
has extended that energy to the north. We're excited to get started
on a community that will capitalize on this energy and exceed
expectations for high-quality living in the area."
Under development at 11811 NE 128th Street, the
community will aim to continue Totem Lake's long history of being a
gathering place, even as the neighborhood continues to evolve. The
neighboring Village at Totem Lake is a new major lifestyle
redevelopment that will be anchored by Trader Joe's and Whole Foods
and will include a luxury cinema, village commons and park, and
high-end restaurants and retail. EvergreenHealth Medical Center, a
premier hospital featuring advanced medical services, offers an
abundance of health-related occupations, and its presence
conveniently places the community directly amidst entertainment,
employment and transit opportunities.
The community will feature excellent access to State Route 520
and Interstate 405, which will provide connectivity to Downtown Seattle, Bellevue and the key locales across the
metropolitan area. Residents also will be able to utilize a
direct-access freeway bus stop that includes stops throughout the
metro area. In addition, the community sits less than four
miles from Woodinville, home to
more than 100 wineries and breweries.
Tech continues to blossom along the I-405 corridor, with the
offices of Google, Tableau, Microsoft, Wave, GoDaddy, Facebook,
IBM, the University of Washington and
many others driving employment. Seattle is notable for the presence of Amazon,
but the area is well balanced professionally between tech,
manufacturing and service-related employment.
The Bower will consist of studio, 1- and 2-bedroom apartment
homes and will feature a 2,800-square-foot fitness center with
multimedia motivational wall. Additional community amenities will
include a game room, resident co-working office with conference
rooms, demonstration kitchen with indoor/outdoor lounge, courtyard
pavilion with bar and BBQs, sun deck courtyard, rooftop deck with
bocce court and fire pits, and a sixth-floor social lounge with a
bar and media area.
Apartment interiors will include wood-plank style flooring,
quartz countertops with under-mount sinks, a full stainless-steel
appliances package including bottom-freezer refrigerators, AC
ports, tile backsplashes and tub surrounds, under-cabinet lighting
and in-home washers and dryers.
Including The Bower, LMC has six apartment communities in
operation or under construction in the Seattle area. Additional communities include
Twenty20 MAD, Valdok 1701, Axle, Valdok 1702 and The Whittaker.
About LMC
LMC, a wholly owned subsidiary of Lennar
(NYSE:LEN), is a multifamily real estate development and operating
company with a diverse portfolio of institutional quality
multifamily rental communities across the US. LMC has a 24,400-unit
pipeline of communities ranging from operating to under development
that exceeds $8.4 billion and
consists of high-rise, mid-rise and garden apartments.
LMC creates extraordinary communities where people can live
remarkably.
www.LiveLMC.com
Media Contact
Lindsey
Bernhardt
LinnellTaylor Marketing
303-682-3941
lindsey@linnelltaylor.com
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SOURCE LMC