21 Three-Story Residential Buildings and Two Six-Story Mixed-Use Buildings with 12,000 SF of Ground-Level Retail Will Serve as New ‘Western Gateway’ to Resurging Downtown Kent; Phase I Starts Now, Includes 288 Units
Green River Trail Pedestrian and Bike Access to be Preserved and Enhanced; $2 Million in Street Improvements for Meeker Street
Kent, Wash., May 24, 2018 – Today Landmark Development Group and HAL Real Estate announced the groundbreaking of Marquee on Meeker, a new 24 building, 20-acre mixed-use development in the heart of downtown Kent.
“We could not be more delighted to be breaking ground with longtime partners Landmark Development Group,” said HAL Real Estate President Jonathan Manheim. “We are grateful to the City Council, Mayor, City staff and our excellent project team to help bring it to fruition.”
The site is the former city-owned nine-hole, par-three portion of the Riverbend Golf Complex, located at 2030 West Meeker Street. The land was sold by the City of Kent in 2018 through a public RFP process that began in 2016 as part of an effort to eliminate the City’s existing golf fund debt and to allow for capital improvements at the current 18-hole course.
Marquee on Meeker will provide Kent first-of-its-kind, luxury rental housing and retail via two new six-story, 120-unit buildings featuring 6,000 sq. ft. of retail each, and twenty-one, 12-unit, three-story walk-up residential buildings, offering the future resident the ability to choose between the urban and suburban lifestyle. Residential units will have high-quality finishes, amazing floor plans and community living suitable for tenants of all ages.
Conveniently located just minutes from I-5, SR-167 and Kent’s transit hubs including Sound Transit’s popular Sounder Train, Marquee on Meeker will provide close-proximity to nearby urban centers in the robust and ever-expanding Kent Valley, with easy commuting access to downtown Seattle and Bellevue.
Featuring a variety of indoor and outdoor amenity spaces within the two podium buildings, Marquee on Meeker will also feature lounges, decks, fitness centers and a large clubhouse including a modern kitchen, pool, spa, outdoor fireplace and barbeque areas for residents to enjoy.
“This unique community will offer future residents the best of all worlds with its urban design and suburban feel while providing unparalleled livability and convenience. The serenity of being surrounded by large open spaces, including the Riverbend Golf Course and the Green River – which offer sweeping views and access to the Green River Trail – are unlike any apartments the region currently has to offer,” said Landmark Development Group’s President, Brett Jacobsen.
The environmentally-responsible project will use the golf course’s top-soil, which has been collected and stored to be reused in planter beds and landscaping throughout the site. Mature trees will also be preserved within the 200-foot natural buffer between the buildings and the river.
As the new western gateway to Kent’s resurging downtown, Marquee on Meeker will be developed in two phases beginning in May 2018. Phase I will include one of the six-story buildings, 14 of the three-story buildings, the clubhouse, and public access through the site to the Green River Trail. Phase I is slated to be complete in 2020 with Phase II to follow.
As part of the purchase, Marquee on Meeker will kickstart the City’s “Meet Me on Meeker” project. The team will invest millions of dollars in new street improvements, from the Meeker Street Bridge along the frontage of the site to the driving range. This will improve Meeker Street’s curb appeal and allow easy access from Marquee to the Riverbend Golf Course, as well as provide a safe environment for pedestrians and bicyclists.
“Marquee on Meeker is going to be a one-of-a-kind project for the residents of Kent,” said Landmark Development Group’s CEO, John McKenna. “It will be a beautiful place to live in the bend of the Green River.”
“Marquee on Meeker is an important project for the city and a tremendous leap forward in remaking Kent’s historic main street into a living, working destination for Kent residents,” said Kurt Hanson, Director, Kent Economic and Community Development Department. “This multi-phase project brings high-quality housing to our downtown and we see it as a springboard for continued reinvestment along the corridor that will better connect residents and businesses to our historic downtown.”
“We’re very pleased to work with FNW, Landmark Development Group and HAL Real Estate who are setting a high bar for other developers who want to be a part of Kent’s exciting downtown evolution,” continued Hanson.
Marquee on Meeker will be constructed by Landmark Development Group’s sister company and general contractor, FNW, Inc. John McKenna, CEO of both Landmark and FNW endeavors to help return the vibrancy to Meeker Street that he remembers from his youth. HAL, Landmark and FNW have worked together on multiple projects in the Seattle area for more than 20 years.
Studio Meng Strazzara is the architect, Sechrist Design Associates, Inc. is the interior designer, Thomas Rengstorf & Associates is the landscape architect and Navix Engineering is the civil engineer. Additionally, Matt Kemper from Seattle’s JLL office managed the RFP process on behalf of the City of Kent.
About Landmark Development Group
Landmark Development Group is an Auburn-based holding company that acquires land for multi-family development. Landmark partners with its sister company, FNW, Inc., to develop these pieces of land and bring high quality apartments to market primarily in South King County.
About HAL Real Estate (www.halrealestate.com)
HAL Real Estate Inc. is a Seattle-based real estate investment firm focused on direct and joint-venture investment opportunities across the Greater Puget Sound region. HAL has deep experience in acquisition, development and recapitalization of apartment, condominium, office, and mixed-use properties. The firm also invests in raw land, industrial and retail properties. HAL has the financial resources of a large institutional investor, but operates with the speed and flexibility of a local private investor using its own capital.