Kirkland’s largest mixed-use development will start construction Wednesday
PGIM Real Estate, Talon Private Capital, and Ryan Companies US, Inc. will gather with Kirkland city officials Wednesday to break ground on Kirkland Urban, a 1.2-million-square-foot mixed-use development.
The multi-phase project, located at Central Way and Sixth Street, formerly Kirkland Parkplace, will include office, residential, retail, open plazas, and multifamily space. According to Talon Private Capital, the development will be the largest of its kind in the city.
The first phase of development will include more than 390,000 square feet in two Class A office towers, 140,000 square feet of retail space, and more than 1,700 parking spaces. Pre-lease tenants include Wave Broadband, Tableau, and QFC/Kroger.
The development’s residential component will feature 185 apartment homes, including amenities such as a roof deck, club room, and fitness center, as well as open spaces, plazas, water features, public art, and convenient access to Peter Kirk Park.
“Kirkland Urban will bring vibrant retail, restaurants, and entertainment that will create an around-the-clock walkable environment for this premier waterfront community, while also offering sophisticated, modern office space for an expanding high tech workforce,” said Talon Private Capital’s founding principal, Bill Pollard.
Completion of the development, along with a LEED Gold certification, is slated for 2018.