REDMOND, WA-A fund of ING Clarion Partners LLC is developing a five-story Downtown office building here as part of a larger mixed-use project that includes apartments and a hotel. The New York City-based real estate investment firm says the building is slated for occupancy in third or fourth quarter of 2008.

The 106,136-sf office project will be located within River Park, a master-planned six-acre mixed-use development by Legacy Partners that will include a 319-unit apartment project to be developed by Legacy and Black Rock Realty; a 144-room hotel to be developed and owned by Lodgeworks; and 15,000 sf of street-level retail that will include two full-service restaurants. The projects will share a 750-slip parking garage.

“With a vibrant local economy, low vacancy rates, and a limited amount of new office development, we believe the timing is excellent…,” says ING senior vice president Pete Stone.

The development site sits at the intersection of Redmond Way and 159th Place NE. The property previously held a business park. Nearby amenities include the Redmond Town Center mall and the 27-mile Burke-Gilman Trail, which is adjacent to the site.

Trammell Crow Co. will act as project manager during the construction phase, with John Cox and Brian Hatcher of GVA Kidder Matthews overseeing the leasing.

Group Health Cooperative reportedly will be the key tenant in the office space. ING Clarion could not be reached Monday for comment.

The residential portion of the project is slated for completion in November 2008. The hotel is slated to open in early 2009.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.