The King County Housing Authority (KCHA) recently celebrated the grand opening of Kirkland Heights, a newly redeveloped affordable housing community that preserves long-standing affordability while expanding housing options for families in Kirkland.
The grand opening marks the completion of a multi-year transformation of the 13-acre site into a modern, garden-style community with 276 affordable rental homes across 27 buildings, along with upgraded infrastructure and new amenities.
In 2019, KCHA acquired the property to ensure long-term affordability and protect residents from displacement. Beginning in 2022, KCHA undertook a full redevelopment. KCHA rehabilitated the 180 existing units and added 96 new units by adding a third floor to several 8-plexes and constructing two new 24-plexes.
The project is funded through 4% Low-Income Housing Tax Credits, Renewable Energy Tax Credits, tax-exempt bonds, and investments from King County, A Regional Coalition for Housing, and KCHA, totaling $125 million in construction investment over three years. The City of Kirkland provided a waiver of impact fees.
Lennar has broken ground on The Premiere at Monmouth, a new community of single-family homes and townhomes within the 1,226-acre Fort Monmouth redevelopment in Eatontown, NJ. Rising on a site that sat vacant for more than two decades, The Premiere at Monmouth will feature 32 single-family homes and 188 townhomes. Sales are anticipated to begin...
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Alta Housing recently broke ground for La Bella, a new 108‑unit affordable housing community in MountainView’s Terra Bella neighborhood. Located at 1020 Terra Bella Ave., the 1.04-acre site sits in a former industrial area that is transitioning to high‑density residential housing. La Bella will be Alta Housing’s fourth affordable housing community in Mountain View. The...
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When determining commercial real estate strategies, many investors focus on demand. However, Marcus & Millichap’s October 2026 Construction Outlook research brief said that demand tells only half the story. Long-term supply trends also affect vacancy and rent growth, so supply outlooks should play a prominent role in CRE planning. Construction tends to lag market conditions,...
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