| Chelsea is the first mixed-use (primarily residential) phase within the new Juanita Village development located in Kirkland, Washington. Chelsea's location, within a few hundred feet of the shoreline of Lake Washington and Juanita Beach, offers unprecedented lifestyle options as well as the finest rental housing product developed to date within Seattle's Eastside market. Chelsea's central location and close proximity to the four high-growth employment centers within the Eastside market (Kirkland, Redmond, Bellevue, and Bothell), combined with its lakeside location and Kirkland address, will give Chelsea superior access to significant housing demand well into the future. Chelsea and the Juanita Village neighborhood have become the highest profile developments within Seattle's Eastside submarket, having been featured in over 20 articles in local and regional publications. In addition, Chelsea at Juanita Village has achieved several notable accolades including being awarded a coveted regional prize, The Puget Sound Council's "VISION 2020" Award. Juanita Village was also recently awarded "1000 Friends of Washington's Livable Future" award for "outstanding achievement in the design of compact, transit-friendly development". Kirkland has often been called the "Sausalito of Seattle" because of its coveted waterside lifestyle, its charm, and its public art installations. For investors, Kirkland has also held tremendous popularity by consistently exhibiting the highest rents and lowest vacancy rates in the region. Chelsea’s location within the Juanita neighborhood of Kirkland puts it in the center of Kirkland’s north-end revitalization efforts, which are aimed at turning the recently annexed Juanita district into a thriving parks and lakeside pedestrian-oriented neighborhood, with abundant retail, a large public beach, and several recently purchased parks and recreational amenities. Streets and infrastructure in Juanita are currently being significantly improved with wide tree-lined sidewalks and landscaped medians and new decorative streetlights and crosswalks are being added to the main neighborhood arterials. The City of Kirkland has already invested millions of dollars in new infrastructure in Chelsea’s immediate neighborhood and the results have been well received by local businesses and residents alike. |