PCP Redmond represents one of the last remaining premier sites for multifamily development within the heart of the submarket.  The Property sits in the heart of Redmond’s vibrant downtown surrounded by shopping, world-class restaurants and nightlife and is only 2 blocks away from the new Sound Transit light rail stop which will connect Redmond, Bellevue and Kirkland to most of the greater Seattle MSA.  Furthermore, the Property’s location provides immediate access to extensive outdoor recreation activities such as hiking the Sammamish River Trail, biking the State Route 520 Trail or enjoying Downtown Park.

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Upon completion, the Property will have 270 units and stand at 8 stories, featuring a unique and expansive elevated terrace with incredible views of Mount Rainier and the City of Redmond.  ​

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Overall, PCP's investment thesis results in a Property that combines best-in-class unit design, unmatched amenities and a core, infill location that provides access to all of downtown Redmond within a 5-minute walk.  The combination of high disposable income for residents and the general unaffordability of single-family housing in Redmond provides for a large renter pool.  The Property will cater to professionals who seek direct access to high quality, sophisticated design with a full suite of amenities in a location that is ideal for work-live-play culture.

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