KIRKLAND, WA-Talon Private Capital of Seattle is partnering in Parkplace, a massive downtown project under development by a New Jersey firm.

The Puget Sound Business Journal recently spoke with the city’s planning director, Eric Shields, about the mixed-use project that has been seven years in planning. Prudential Real Estate Investors, based in Madison, N.J., owns the property, and had planned for a 1.5-million-square-foot office and retail development on the site.

The city of Kirkland’s planning director, Eric Shields, told the Journal that he met with the leaders of Talon this week, and that a rep from Prudential Real Estate Investors, which owns the property, joined the conversation by conference call. Shields said that Talon and Prudential officials talked about reducing the size of the project at Central Way and Sixth Street.

Despite some public opposition, the Kirkland City Council has agreed to increase allowable building heights for the project from five to eight stories.

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