Cordillera Homes will officially begin construction on Central Peak Residences, a boutique collection of luxury condominiums in the heart of downtown Kirkland.
Designed in collaboration with Baylis Architects, the four-story building will transform the former U.S. Bank site into a residential property. Site preparation is underway at the corner of Central Way and Lake Street, with groundbreaking set for July 25.
Situated in the heart of downtown Kirkland, Central Peak Residences will comprise just 26 single-level homes. Sales for Central Peak Residences will be represented by Michael Orbino, Tere Foster, and Moya Skillman with Team Foster Builder + Developer Services at COMPASS in Bellevue.
“This property has always held untapped potential, and we’re excited to bring a curated living experience to those who desire to be immersed in downtown Kirkland’s energy while enjoying a private, serene retreat,” said Dan Wachtler, Principal and Project Manager at Cordillera Homes.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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