Capstone Site Redevelopment
Upcoming Public Meetings for Park
Capstone and the City are hosting a series of public meetings to develop and discuss conceptual designs for an urban park to be constructed at the center of the Capstone site. Upcoming meetings are:
- Wednesday, December 4, 6pm at City Hall: public meeting for public to provide input on vision and programming for park.
- Early January: second public meeting to review park concepts.
Master Plan Background
Capstone Partners has begun implementing a Master Plan approved in December 2011 for its 28-acre site north of NE 24th Street between 152nd Avenue NE and 156th Avenue NE. This is the former site of a Group Health hospital. Group Health sold the site to Capstone and other investors in March 2013.
The Master Plan envisions a phased redevelopment of the property that would ultimately result in about 1,400 residences, 1.2 million square feet of office and retail uses, a hotel and conference center, a 2.67-acre park, and associated infrastructure. The Master Plan also requires the developer to create a total of 10 acres of new forest in Redmond as mitigation for removal of the existing trees, in addition to replantings on site.
Capstone has started further site and building design which will allow for a 2013 or early 2014 beginning for construction. The City’s role is to review specific plans for the proposed development to ensure consistency with the Master Plan and Development Agreement as well as the city’s Zoning Code
. For more information, contact Dennis Lisk at email@example.com
Drawing credit: Steve Schlenker, CollinsWoerman
KCC Limited Edition Master Plan
Koll Commerce Center (KCC) Limited Edition has begun the review process for a proposed Master Planned Development for the Limited Edition site. Limited Edition is located on the northwest corner of 152nd Ave NE and NE 20th St, just east of Sears. The draft master plan includes 700 multifamily homes, a hotel, and a mix of office and retail totaling about 280,000 square feet.
For more information contact Dennis Lisk at 425-556-2471.
Puget Sound Energy is investing in Overlake's electrical infrastructure by constructing a new substation at the corner of 156th Avenue NE and Bel-Red Road. The project is needed to serve existing PSE customers and to provide sufficient capacity for anticipated redevelopment in Overlake and in Bellevue.
For more information, visit PSE's project information page
Completed in 2009, White Swan Condominiums is the newest residential mixed-use development in Overlake Village. It features 38 homes over ground-floor commercial space. It is located at 2222 152nd Avenue NE, just south of Office Depot, and about one-half mile south of the planned Overlake Village light rail station.