Moran & Company is pleased to announce that it has been retained as the exclusive listing agent for the sale of three separate multifamily development sites within The Village at Totem Lake, Kirkland, Washington. The Village at Totem Lake is a planned mixed-use development that will include up to 400,000 square feet of retail space in addition to the three multifamily development sites.
- The Village at Totem Lake will feature 250,000 to 400,000 sq. ft. of lifestyle retail including Whole Foods (retail not part of this offering)
- Whole Foods drives significant multifamily rental premiums
- Access to major employers Microsoft, Google, Concur, and UW Bothell
- The city is offering an 8-year full tax abatement on the residential improvements if 10% of the units are designated for residents at 80% of Area Median Income (AMI = $89,600)