Ryan Cos. and Talon Private Capital have signed 14 tenants, a total of 123,000 square feet of retail, to their Kirkland Urban mixed-use project in Kirkland, Wash. The asset consists of Urban North, Urban Central and the residential portion, the 175-unit Uptown apartments. The roster of businesses totals almost 90 percent of the available retail space and most tenants will open for business by August.
The property is located at 134 Parkplace Center, 14 miles from downtown Seattle. When completed, the 12-acre project will include more than 1 million square feet of office, retail and residential space, as well as more than 2 acres of open public space. The mix of new tenants will occupy spaces between 1,000 and 55,000 square feet in Urban Central and Urban North and includes AT&T, Home Street Bank, Mud Bay Pets, Top Golf, Shake Shack and QFC—which will be the first to open in May at Urban Center. The owners expect to finish the leasing process during the coming months. Tableau Software is expected to occupy 120,000 square feet of office space in Urban North in May.
Future phases include Urban East, slated to begin construction in late 2020 or early 2021, and Urban South—with construction expected to begin in 2020.
Last August, Ryan Cos. broke ground on a 475,000-square-foot distribution facility for Polaris Industries Inc. in Fernley, Nev.
Rendering courtesy of Ryan Cos.