DOCSLIB.ORG

BEAR CREEK Apartments OFFERING

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
BEAR CREEK Apartments OFFERING BEAR CREEK apartments OFFERING Paragon Real Estate Advisors is pleased to exclusively offer for sale the Bear Creek Apartments, an 8 – unit apartment building located in the highly sought after and walkable Redmond neighborhood. The property has undergone a complete high-end renovation to both the interior and exterior of the building. With a BEAR CREEK WalkScore of 84 and modern looking units, the Bear Creek apartments Apartments cater well to tenants who work in the strong tech employment markets on the Eastside. NAME Bear Creek Apartments ADDRESS 17121 NE 80th St, Redmond WA 98052 TOTAL UNITS 8 BUILT 1984 SQUARE FEET 7,408 Total Net Rentable PRICE $3,300,000 PRICE PER UNIT $412,500 PRICE PER FOOT $445.46 CURRENT GRM/CAP 18.1/4.0% MARKET GRM/CAP 15.0/5.0% LOT SIZE 14,549 Square Feet ZONING R30 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify all information and bears all risk for inaccuracies. SEATTLE CBD UNIVERSITY OF WASHINGTON BELLEVUE BRIDLE TRAILS KIRKLAND STATE PARK MARYMOOR PARK REDMOND TOWN CENTER INVESTMENT HIGHLIGHTS Rare opportunity to purchase Eastside location apartments 8 well appointed homes High end renovation; marble, tile, hardwoods, stainless steel All units have washer and dryers 12 covered parking spaces Located in the heart of Redmond Private decks with territorial views Large dedicated storage units for each unit BEAR CREEK apartments LOCATION HIGHLIGHTS Redmond is the seventh most populous city in King County and the 15th most populous city in the State of Washington. The city is located 11 miles north east of downtown Seattle, at the east end of State Route 520 along the north end of Lake Sammamish. Redmond is well known as a center of technology and the location for a number of nationally known high-tech, gaming, aerospace and biomedical companies, as well as innovative start-ups. The daytime employment population is approximately 110,000. WALK SCORE 84 Walkscore of 84 - Very Walkable Ten minutes from downtown Bellevue and twenty minutes from downtown Seattle Convenient access to Safeway, Trader Joe’s, PCC Natural Markets and Whole Foods Blocks to Redmond Town Center MEDIAN INCOME Minutes away from Marymoor Park and Redmond Watershed Nature Preserve $103,409 Close urban heart of the city, featuring local favorite restaurants, bars and delis like the Tipsy Cow, Molly’ Moon’s Homemade Ice Cream, Mahoney’s, Palmer’s East and Woodblock Within ten minutes of the largest employers in the region including Microsoft and Amazon Redmond Named ‘Best Place To Live’ In Washington - (Niche.com, 2017) POPULATION 64,050 *https://www.ofm.wa.gov/washington-data-research/population-demographics/population-estimates/april-1-official-population-estimates REDMOND Redmond has acted to maintain a strong economy and a diverse job base. The city is the home to many small, medium-size and locally owned businesses and services, as well as nationally and internationally recognized corporations. Redmond has a comprehensive Plan, known as the Redmond 2030. The plan is set in place to help the city grow, develop, and enhance the livability of the neighborhoods, and to deliver high-quality services in partnership with the community by the year 2030. Redmond’s 2030 transportation system offers people a variety of real choices for how we get between where we live, work, shop and play. Each year, more people walk, bicycle, carpool or use transit to travel within the city to access the regional bus and light rail system because land uses that reflect our vibrant community character have created a strong market demand for these options. The City has invested strategically and leveraged regional funds to ensure a safe, well-maintained system, improve transportation choices and mobility, and support our two Urban Centers, Downtown and Overlake. TRANSPORTATION Sound Transit’s East Link light rail extension project is bringing high- 2023 quality rail transit to Redmond with service starting at two stations in Overlake in 2023: Overlake Village (SR 520 at 152nd Ave NE) and Redmond Technology Center (SR 520 at NE 40th St). Once the project is complete, 2025 travelers from the Redmond Technology Center station will enjoy 10-minute trips to Downtown Bellevue and 30-minute trips to Downtown 2021 Seattle on tracks separated from automobile traffic. 2023 When East Link light rail opens in 2023 there will be multiple ways to access the stations, including: Walking and biking: Redmond stations include pedestrian-bicycle bridges over SR 520 to help people conveniently access the stations, including using the 520 Trail Transit: bus transit will be restructured in advance of light rail opening to make it easier to access East Link Getting a ride: both stations in Redmond will have pick-up and drop-off areas Vehicle parking: vehicle parking will be available at the Redmond Technology Center station, Bel-Red/130th station and South Bellevue station. In addition, the Overlake Park-and-Ride on 152nd Ave NE is located about a six-minute walk from the Overlake Village station. In November of 2016 voters approved the extension of the East Link Light 2016 Rail project from the Redmond Technology Center Station at NE 40th St. 2023 in Overlake, which opens in 2023, to southeast Redmond and Downtown, with service targeted to begin in 2024. TOP 20 REDMOND EMPLOYERS RANK COMPANY FTE JOBS* 1 Microsoft Corporation 38,657 2 Terex Washington & USA 2,136 3 Lake Washington School District 1,512 4 Eurest Dining Services 1,241 5 Nintendo of America 953 6 AT&T Mobility 941 7 Honeywell International Inc. 867 8 United Parcel Service 797 9 Stryker Corporation 704 10 City of Redmond 671 11 Mindtree Limited 637 12 CBRE Inc. 535 13 Accenture 448 14 Aerojet 421 15 MV Public Transportation Inc. 339 16 Wyndham Vacation Ownership Inc. 339 17 Wipro Limited 268 18 Securitas Security Services USA Inc. 258 19 Costco Wholesale Corporation 257 20 Pacific Bioscience Laboratories Inc. 253 Total 52,234 * Full-time equivalent number of jobs - 2016 AREA DEVELOPMENTS Microsoft Expansion : Microsoft is currently undergoing a multi – billion dollar campus renovation and expansion. Over the next five to seven years, the company will construct 18 new buildings on the campus. It will also renovate several other buildings to give them a modern, open feel similar to the workplaces at Amazon, Google and other big tech companies. In total the expansion will add about 2.5 million square feet in new construction, creating room for 8,000 future jobs. Facebook : Facebook has plans to grow it’s Oculus virtual reality company to nearly one million square feet of office space in the city of Redmond. Facebook purchased the company in 2014 for over 3 Billion dollars and stated their goal is to get the device into the hands of 1 billion consumers. The company recently purchased a 16 acre site on Willows road to facilitate this goal. Space X: Space X, which currently operates a 30,000 square foot facility in Redmond has leased an additional 40,000 feet of office in the Redmond Ridge Corporate Center. This facility will be used for the research, design and production of Satellites. The CEO of Space X, Elon Musk predicts that this business will eventually employ over 1,000 people in Redmond. Overlake Plaza Redevelopment: This project, led by Seritage Growth Properties would transform roughly 14 acres in the Overlake neighborhood into a mixed use development. The site is located at 2200 148th Ave NE and is commonly known as the Sears site. The project plans to build 500 apartments, 100,000 square feet of retail space, a 200 room hotel, 267,000 square feet of office and underground parking to accommodate 2,250 vehicles. BUILDING RENOVATIONS UNIT RENOVATIONS New combination lock mailboxes - 2016 New appliances and ventilation hoods New skylights - 2016 New plumbing through out New maintenance storage room - 2016 New vinyl plank flooring New electric keypad locks on all doors – 2016 New blinds and curtains Storage room updating with metal doors – 2016 New bathroom fixtures New walkway and stairs to parking – 2017 New washer and dryers New exterior lighting and landscaping – 2017 New heating/thermostats Main sewer line clean out – 2017 New lighting New decks and gutters – 2017 New cabinets, countertops and bathrooms New exterior paint - 2018 New lighting through out New windows and sliders – 2018 New SMURF-tubing , TV insert and wall mounts New roof, underlayment and ventilation – 2018 BUILDING PHOTOS UNIT PHOTOS UNIT PHOTOS Unit Breakdown BEAR CREEK apartments APPROXIMATE CURRENT CURRENT MARKET MARKET UNIT TYPE UNIT SIZE RENT RENT/SQ.FT. RENT RENT/SQ.FT. 17121 2 Bd/1.5 Bth 1,144 Sq.Ft. $2,200 $1.92 $2,500 $2.19 17123 2 Bd/1.5 Bth 1,144 Sq.Ft. $2,200 $1.92 $2,500 $2.19 17125 2 Bd/1.5 Bth 1,144 Sq.Ft. $2,300 $2.01 $2,500 $2.19 17127 2 Bd/1.5 Bth 1,144 Sq.Ft. $2,275 $1.99 $2,500 $2.19 17129 1 Bd/1 Bth 708 Sq.Ft. $1,450 $2.05 $1,850 $2.61 17131 1 Bd/1 Bth 708 Sq.Ft. $1,450 $2.05 $1,850 $2.61 17133 1 Bd/1 Bth 708 Sq.Ft. $1,550 $2.19 $1,850 $2.61 17135 1 Bd/1 Bth 708 Sq.Ft. $1,775 $2.51 $1,850 $2.61 Totals/Avg 7,408 Sq.Ft. $15,200 $2.05 $17,400 $2.35 Income and Expenses ANNUALIZED OPERATING EXPENSES CURRENT MARKET Units 8 Price $3,300,000 Real Estate Taxes 2018 $19,891 $19,891 Year Built 1984 Per Unit $412,500 Insurance 2017 $7,438 $2,400 Rentable Area 7,408 Per Sq.
Load more

Recommended publications
  • Funding Application
    1 of 13 Funding Application Competition Regional FHWA Application Type Corridors Serving Centers Status submitted Submitted: April 8th, 2020 5:12 PM Prepopulated with screening form? No Project Information 1. Project Title On-Demand Feeder-to-Fixed Route Connections to Transit Program 2. Regional Transportation Plan ID N/A 3. Sponsoring Agency King County Metro 4. Cosponsors N/A 5. Does the sponsoring agency have "Certification Acceptance" status from WSDOT? Yes 6. If not, which agency will serve as your CA sponsor? N/A Contact Information 1. Contact name Eric Irelan 2. Contact phone 206-477-3862 3. Contact email [email protected] Project Description 1. Project Scope Metro will contract with a service provider to provide on-demand feeder-to-fixed route (F2FR) service for two years at three newly expanded transit hubs located in Regional Centers: Federal Way Transit Center, Overlake Village Station, and Auburn Transit Center. Customers within an approximately two-mile radius of these transit centers will be able to request rides through an app or call center, get picked up within 15 minutes, and rideshare with other customers to and from the transit hub located in the Regional Center and destinations within the service area. The service is intended to be available all-day; exact service hours determined based on community input, fixed-route transit service hours, projected ridership demand, and final costs. Proposed project costs include: service design and operations, marketing and promotions, community engagement, evaluation and information sharing. The on-demand F2FR services provided by this project will fill critical gaps in transit service, directly benefiting 900,000 residents and 850,000 employees located within the F2FR directly benefiting 900,000 residents and 850,000 employees located within the F2FR 2 of 13 service areas or within the catchment areas for the routes directly serving the transit hubs (ESRI 2019).
    [Show full text]
  • East Link Extension Update System Expansion Committee
    East Link Extension Update System Expansion Committee 01/14/21 Why we are here • Provide a project update on the East Link Extension construction progress • Increase contract contingency request for: • E130 contingency increase request (M2021-04) • E340 contingency increase request (M2021-05) • E335 contingency increase request (M2021-06) 2 2012-15 2016 2017 2018 2019 2020 2021 2022 2023 2024 Final Design We are here E130 – Seattle to South Bellevue (I-90) E320 South Bellevue E330 Downtown Bellevue Tunnel E335 Downtown Bellevue to Spring District E340 Bel-Red E360 SR520 to Redmond E750 Systems Pre-Revenue Float Revenue Service Challenges / Upcoming Milestones Challenges • COVID-19 Impacts • Station Schedules and Systems Access • Redmond Technology Station Garage Upcoming Milestones • Mercer Island Transit Interchange – Bids Due (Q1 2021) • South Bellevue (E320) Substantial Completion (Q1 2021) • Bel-Red (E340) Substantial Completion (Q1 2021) • I-90 (E130) Substantial Completion (Q2 2021) • Overlake (E360) Substantial Completion (Q2 2021) 4 Judkins Park Station 5 Mercer Island Station 6 Mercer Island Transit Interchange 7 South Bellevue Station 8 East Main Station 9 Bellevue Downtown Station 10 Wilburton Station 11 Spring District/120th Station 12 Bel-Red/130th Station 13 Overlake Village Station 14 Redmond Technology Station 15 Redmond Technology Station Garage 16 Q2 2021 Weekend Closures • Weekend #1: • Pioneer Square Temp Platform Removal • Weekend #2: • Signaling Work • Traction Power • Weekend #3: • Pioneer Square Temp Platform Removal
    [Show full text]
  • Sound Transit Current Service
    PSRC Funding Application Competition Regional FTA Application Main Competition Status submitted Submitted: March 17th, 2017 11:48 AM Prepopulated with screening form? Yes Project Information 1. Project Title Purchase 11 New High Capacity Transit Buses 2. Transportation 2040 ID Exempt 3. Sponsoring Agency Sound Transit 4. Cosponsors N/A 5. Does the sponsoring agency have "Certification Acceptance" status from WSDOT? N/A 6. If not, which agency will serve as your CA sponsor? N/A 7. Is your agency a designated recipient for FTA funds? Yes 8. Designated recipient concurrence N/A Contact Information 1. Contact name Monica Overby 2. Contact phone 2066894979 3. Contact email [email protected] Project Description 1. Project Scope This project will purchase eleven High Capacity Transit (HCT) buses needed to provide 15,000 additional ST Express bus hours. The new service is estimated to increase ridership by a range of 1,400 to 2,800 riders per weekday. Sound Transit's ST Express Bus service provides fast, frequent, reliable service connecting major population and employment centers in the Central Puget Sound region. ST Express provides limited stops and serves twenty-five transit centers and over thirty park & rides linking the three-county region. The ST Express system is experiencing challenges meeting its service standards and performance due to buses being overcrowded, delaying schedule and service reliability. These buses will ultimately support the entire network of ST Express bus routes that serve 23 designated regional centers in Snohomish, Pierce and King Counties For this application, Sound Transit is focusing the eleven buses on routes experiencing the most severe overcrowding and schedule reliability issues.
    [Show full text]
  • WSHFC | Fixed Transit Infrastructure in King County
    9 9 Fixed Transit InfrastructRure in King C1 ounty S 9 205TH T H h t Aurora Village Transit Center 5 I 1 - 4 B 0 a 5 ll 2 in 2 g 5 e r R S 190th N 185th St & Aurora Ave N Bothell Transit Center Woodinville Duvall ell Both W o 175th od N 175th St & Aurora Ave N in vi 03 h lle 2 t D 4 R 175th u S 2 va 170th 2 ll W h t o o 5 d 1 in N 160th St & Aurora Ave N v il le S R i e m d o m n d o s n d n i N 145th St & Aurora Ave N a h M t y t 5 i 1 C 145th e k a C L a N 135th St & Aurora Ave N r e n l a a t i h d o t N 130th St & Aurora Ave N R n n 0 o o o 0 s v D 1 e A v u e v l 125th t a l l d o o 133rd y w t i h n C t e 6 e 30th e 1 5 128th r k Totem Lake Transit Center 1 a G L Northgate 124th N 105th St & Aurora Ave N h Northgate Station Transit Center t 8 9 an m N 100th St & Aurora Ave N ol H 95th R e t l d e R m N 90th St & Aurora Ave N v a o e S v n s e T d o n A ll NW 85th St & 15th Ave NW o i W T N 85th St & Aurora Ave N n y H R t E a el t o ov H h o e N t Y k d 5 r i 3 1 n a 0 v 5 M i l l e 75th h t 5 3 h t 2 1 6th 85th NE 87th St & 148th Ave NE NW 65th St & 15th Ave NW Roosevelt Station 65th Kirkland Transit Center h t t n Redmond Transit Center a i 5 h r o t 1 o P 5 r d 2 u n R a e A S ed h k m NW Market St & 15th Ave NW t o a n 1 d L 1 50th 5 0 4 NE Old Redmond Rd & 148th Ave NE NW Leary Way & 15th Ave NW - I 4 0 L N 45th St & Aurora Ave N 5th a 2 k Brooklyn Station 5 L e e R a L S 5 r h E a S a y t m 0 m e k r 5 s 4 o e m n ic 1 - if I c a W a P m Re a i dm s s h o h NE 51st St & 148th Ave NE nd B i F n a N e l l ic g l C k l it e University
    [Show full text]
  • East Link Site Map South Bellevue to Overlake Transit
    3-105 I-90 E320 E335 SOUTH BELLEVUE DOWNTOWN S Bellevue Station DBB GCCM N (2.2 MILES) (1.8 MILES) BELLEVUE WAY SE NE 2ND ST NE 8TH ST NE 12TH ST LEGEND: 112TH AVE SE 112TH AVE NE - STATIONS SE 15TH ST - GARAGES SE 8TH ST SE 6TH ST I-405 - ELEVATED MAIN ST - AT GRADE 1116TH AVE NE - RETAINED CUT BNSF ROW - RETAINED FILL - TUNNEL I-90 SR520 120TH AVE NE EXXX - PACKAGE NUMBER DBB - DESIGN BID BUILD E330 124TH AVE NE GCCM - GENERAL CONTRACTOR TUNNEL CONSTRUCTION MANAGER DBB (0.5 MILES TUNNEL, D/B - DESIGN BUILD BEL-RED RD BEL-RED TRACK IN E335) 130TH AVE NE E340 EAST LINK SITE MAP BEL-RED 132TH AVE NE DBB (1.0 MILES) 134TH AVE NE SOUTH BELLEVUE TO OVERLAKE TRANSIT CENTER SR520 NE 16TH ST NE 24TH ST 136TH PL NE 140TH AVE NE BEL-RED RD BEL-RED 148TH AVE NE NE 40TH ST Overlake Village Station Overlake Transit BEL-RED RD Center Station AT GRADE W/ 156TH AVE NE CENTER PLATFORM CITY LIMITS & 320 STALL PARK-N-RIDE GARAGE 3-107 System map East Link Extension Lynnwood East Link community outreach Mountlake Terrace Shoreline We want to hear from you! During final design, there will be opportunities to provide Community Guide to Final Design TBD Future expansion feedback on station design, including amenities such as bicycle facilities, pedestrian and not currently Northgate funded for construction bus connections and public art. During final design, Sound Transit will: Roosevelt Downtown Overlake Redmond • Keep the public informed with briefings, public meetings and frequent updates to the U District Transit Center University of SE Redmond website
    [Show full text]
  • East Link Light Rail Draft EIS -- Excerpts Only
    See the Fact Sheet for persons who may be contacted for additional information concerning this document. Abstract Sound Transit proposes to construct and operate an Downtown Redmond via either Redmond Way or the eastern extension of the Link light rail system BNSF Railway corridor. Alternatives considered providing urban transportation improvements in the include a No Build Alternative, one alternative for Central Puget Sound metropolitan region. The East Segment A, five alternatives for Segment B, six Link project would connect to the rail system’s Initial alternatives for Segment C, four alternatives for Segment in downtown Seattle and extend the system Segment D, three alternatives for Segment E, and four east to Mercer Island, Bellevue, and Redmond. maintenance facility alternatives. Overall, the project Alternatives are considered in five geographic would have between 10 and 13 stations. Interim segments in this EIS. Segment A, Interstate 90, termini could occur at the east end of Segment C or connects downtown Seattle to Mercer Island and any station in Segments D or E. Construction is South Bellevue via I-90. Segment B, South Bellevue, expected to start in 2013, with operation under way connects I-90 to approximately SE 6th Street along one between 2020 and 2021. The analysis and impact of three corridors: Bellevue Way, 112th Avenue SE, or information in this EIS addresses potential long-term the BNSF Railway right-of-way. Segment C, and short-term impacts of transportation; acquisitions, Downtown Bellevue, would travel through displacements and relocations; land use; economics; downtown Bellevue between approximately SE 6th social impacts, community facilities, and Street and an I-405 crossing at either NE 6th Street or neighborhoods; visual and aesthetic resources; air NE 12th Street on either an at-grade, elevated, or quality and greenhouse gas; noise and vibration; tunnel profile.
    [Show full text]
  • Overlake Village Station Fact Sheet
    Fall 2020 Overlake in Redmond East Link Extension Line opening 2023 Downtown Redmond 2024 148th Ave NE 150th Ave NE 520 Bike Trail Light rail is coming North Bellevue Community Park to the Eastside NE 40th St The Overlake segment of East Link Link light rail Redmond NE 42nd St continues north from Bel-Red adjacent Technology Microsoft Overlake segment to SR 520, and will serve Overlake Surface Microsoft NE 40th St Commons neighborhoods and businesses. When Elevated service begins in 2023, East Link will operate as part of the new 2 Line, serving Station 520 NE 36th St Parking 19 stations between Redmond Technology and Northgate. In 2024, 2-Line service Goldsmith will extend to Lynnwood and downtown N Neighborhood Park Redmond NE 31St Way Redmond with six additional stations. NE 31St St Project benefits Overlake • The 2 Line will connect Redmond, Village Bellevue, Mercer Island and Seattle with high-capacity, frequent service 20 152nd Ave NE 140th Ave NE 156th Ave NE hours per day. NE 29th Pl • Supports the City of Redmond’s Overlake Village Neighborhood Plan. 148th Ave NE NE 24th St • Accomodates future growth and 520 planned transportation improvements. Bellevue • Increases park-and-ride capacity at te a g NE 20th St Redmond Technology Station. th r o N o t • A pedestrian and bicycle bridge at Highland Overlake Village Station, funded by the Park NE Bel-Red Rd City of Redmond, will span SR 520 to connect neighboring communities with light rail service. • Microsoft is redeveloping its central Travel times from Redmond Technology: campus, which includes building a pedestrian bridge that links both Chinatown/International District in 30 minutes sides of SR 520 to Redmond University of Washington in 40 minutes Technology Station.
    [Show full text]
  • East Link Extension Washington Into East King County, and South of University of Washington Bel-Red/130Th Sea-Tac International Airport
    Lynnwood Link Light Rail System Mountlake Terrace 185th 145th Downtown Redmond In 2008, voters approved the Sound Transit 2 Not funded for construction Plan. Link will expand the current system from Northgate SE Redmond Seattle north into Snohomish County, across Lake Roosevelt Redmond Technology Center U District Overlake Village East Link Extension Washington into East King County, and south of University of Washington Bel-Red/130th Sea-Tac International Airport. OCTOBER 2016 Capitol Hill Spring District/120th Westlake/Seattle Wilburton University Street Bellevue Downtown Bellevue Pioneer Square East Main Downtown to Int’l District/Chinatown South Bellevue Redmond Technology Center Stadium Judkins Mercer SODO Park Island 10 minutes Beacon Hill Mount Baker Columbia City Othello South Bellevue Rainier Beach to Stadium Tukwila/Int’l Blvd 20 minutes SeaTac/Airport Link in service Angle Lake Under construction Kent/Des Moines For information in alternative formats, call 1-800-201-4900/ In final design S 272nd Not funded for TTY Relay: 711 or email [email protected]. construction In planning Federal Way Bellevue East Link Alignment Downtown to University Of Washington Map Key 30 minutes Station P Park & Ride Redmond Link in service Technology Center P NE 40th Tunnel route Elevated route Overlake Bellevue to Surface and 520 Village existing bridges Spring District/ Sea-Tac Airport 120th Light rail under P 55 minutes construction Bel-Red/ 52nd Ave NE includes transfer Future extension Wilburton 130th 1 Lake NE 8th St Washington NE 6th St Bellevue Downtown Bellevue to East Main Main St International District station Intl District/ Chinatown Mercer 20 minutes Judkins Park Island Rainier Ave S P S P South Bellevue Sound Transit plans, builds and operates regional transit systems and services to improve mobility for Central Puget Sound.
    [Show full text]
  • East Link Extension Overlake Pre-Final Design
    East Link Extension November 19, 2013 Overlake Pre-Final Design Open House Public Involvement Summary Table of contents 1 Background 2 Overview 2 Notification 3 Open house overview 4 Comment summary 4 Overlake segment design 6 Construction impacts 7 Overlake Village Station design 8 Overlake Village potential pedestrian-bicycle bridge 9 Overlake Transit Center Station design 11 Overlake Transit Center potential pedestrian- bicycle bridge 12 Permanent station naming comment summary 14 Supplemental outreach 15 Next steps Sound Transit East Link Background East Link Extension is a key element of the regional mass In 2011, Sound Transit completed environmental review transit system approved by voters in 2008. This 14-mile and received a federal Record of Decision to build East Link. light rail line will benefit local communities and support East Link began advancing to pre-final design in Overlake regional growth with fast, frequent and reliable light in 2012. During pre-final design, project architects and rail service, connecting Seattle to the Eastside’s biggest engineers define the light rail system, determining the population and employment centers. technical specifications for the stations, bridges, tracks The project builds on the Central Link light rail system and other elements, as well as construction methods and running between Sea-Tac Airport and downtown Seattle. sequencing. The Sound Transit art program, STart, also East Link is part of the new light rail extensions being built begins work to select station artists and artworks during north, south and east from Seattle. When East Link opens, final design. There are multiple opportunities for the with a targeted date of 2023, 10 stations, serving Seattle, community to help influence design elements and stay Mercer Island, Bellevue, Bel-Red and Overlake in Redmond informed as East Link moves forward.
    [Show full text]
  • 130Th Avenue NE Transit-Oriented Development Opportunity Study and Financial Assessment
    East C rrid r Implementati n Support 130th Avenue NE Transit-Oriented Development Opportunity Study and Financial Assessment PHASE 2 REPORT DECEMBER 2013 Otak, Inc. In association with: BAE Urban Economics and Nelson\Nygaard Consulting Associates Puttman Infrastructure GROWING TRANSIT COMMUNITIES PARTNERSHIP | East Corridor Implementation Support | DECEMBER 2013 The Growing Transit Communities Partnership is funded by the Sustainable Communities Regional Planning Grant Program of the U.S. Department of Housing and Urban Development. The work that provided the basis for this publication was supported by funding under an award with the U.S. Department of Housing and Urban Development. The substance and findings of the work are dedicated to the public. The author and publisher are solely responsible for the accuracy of the statements and interpretations contained in this publication. Such interpretations do not necessarily reflect the views of the Government. 130TH AVENUE NE TRANSIT-ORIENTED DEVELOPMENT Opportunity Study and Financial Assessment GROWING TRANSIT COMMUNITIES PARTNERSHIP | East Corridor Implementation Support | DECEMBER 2013 AAcckknnoowwlleeddggeemmeennttss Project Management Team of the East Corridor Task Force The following members of the East Corridor Task Force are serving on the Project Management Team for the East Corridor Implementation Support Project: Wes Edwards – King County Tom Hinman – Redmond Community Representative Emil King – City of Bellevue Doug Mathews – Bellevue Community Representative Lori Peckol – City of Redmond Tracy Reich – Impact Capital Kelly Rider – Housing Development Consortium Seattle-King County Arthur Sullivan – A Regional Coalition for Housing (ARCH) Alternates: Paul Inghram – City of Bellevue Sarah Stiteler – City of Redmond Puget Sound Regional Council, Growing Transit Communities Partnership Ben Bakkenta, Program Manager Mary Pat Lawlor, Program Manager Cameron Duncan, Planning Technician Consultants Otak, Inc.—Prime Mandi Roberts, Project Manager Kurt Creager Tom Litster Jenny Ngo BAE Urban Economics, Inc.
    [Show full text]
  • Chapter 5: Regional Transportation
    Chapter 5: Regional Transportation Introduction Redmond has a two-part role in regional transportation. First, many of the city’s transportation facilities are part of the regional travel network. Redmond’s streets carry regional pass-through traffic in addition to serving local circulation and access needs. Second, Redmond has interests in and relies on regional transportation projects and services that are the responsibility of other public agencies, including the Washington State Department of Transportation (WSDOT), Sound Transit, and King County Metro. Redmond participates in regional transportation policymaking in a variety of settings, including standing committees (e.g., Eastside Transportation Partnership, King County Regional Transit Committee, and King County Growth Management Planning Council), task forces (e.g., the SR 520 Bridge Replacement and HOV Program, and I-90 Tolling), and representation on major regional transportation policy bodies (e.g. the Puget Sound Regional Council, Sound Transit Board). This chapter identifies Redmond’s regional transportation issues and interests, and the actions needed to support the Transportation Master Plan’s (TMP) strategies to prepare for light rail, strongly support urban centers, increase travel choices and mobility, improve neighborhood access, and increase freight mobility. Examples include: supporting Sound Transit 3 planning to extend East Link light rail to Downtown Redmond; implementation of the SR 520 Multimodal Corridor Study, improving regional corridors and increasing access to Redmond’s urban centers through better highways, streets, and trails; more effective transit connections between regional transit and jobs and housing, eliminating gaps in transit service between neighborhoods; and greater use of technology for the movement of people, freight, and goods.
    [Show full text]
  • John Tiscornia TRANSPORTATION NETWORK Multimodal Transportation Network Bellevue Is a Regional Hub with More Than 140,000 Residents and Nearly 150,000 Jobs
    2019 John Tiscornia TRANSPORTATION NETWORK Multimodal transportation network Bellevue is a regional hub with more than 140,000 residents and nearly 150,000 jobs. It’s critical that the city’s transportation network support our current population and future growth. We do this by supporting multiple options. We are dedicated to getting people where they need to go in Bellevue -- safely and efficiently. Amidst our growth, traffic congestion has become a greater challenge. More drivers are using city parallel arterials to reach their destinations. In response, several city-led initiatives are shaping Bellevue’s distinct urban character to better accommodate people who want to drive, walk, bike and take transit. These include: • Downtown Livability Initiative • Smart City strategy • BelRed Transformation • Vision Zero Action Plan • Pedestrian and Bicycle Implementation Initiative • Bike Share pilot program • Grand Connection project Within neighborhoods, more safety improvements, congestion reduction, sidewalk, bike lanes and maintenance projects are being funded by a 20-year, voter-approved neighborhood transportation levy. CITY OF BELLEVUE PAGE 2 ACCESS BELLEVUE TRANSPORTATION NETWORK More broadly, Bellevue is working closely with regional partners to improve transportation connections: • Sound Transit – Expanding light rail service to East King County with East Link service in 2023. • King County Metro – “Ride2” pilot program provides “first and last mile” shuttle service to and from Eastgate Park-and-Ride. • King County’s Eastside Rail Corridor – Development of a regional pedestrian-bicycle trail, part of which is already open in Bellevue. • Washington State Department of Transportation – Interstate 405 Renton to Bellevue Widening and Express Toll Lanes project will improve mobility and reduce congestion.
    [Show full text]