Housing Goals – The Master Plan includes capacity for up to ~900 transit-oriented housing units, 20% of which will be delivered at an affordability level of 60% of Area Median Income (AMI). This housing addresses a critical need within our community, and creating these units close to transit furthers the sustainability goals of the City.
Supporting Vibrant Retail – New residents and planned common area improvements included in the Master Plan will help keep the existing Redmond Town Center retail space vibrant and thriving.
Support for Local Retail – The provisions in the Development Agreement for smaller retail spaces, and spaces reserved for local businesses, will continue to ensure RTC is a place that offers a wide variety of options and supports our local community.
Protecting Redmond’s Water Resource – The project has agreed to keep parking above grade, removing it from the water table and thereby limiting impacts to Redmond’s aquifer, protecting a critical community resource.
Sustainable Development – The sustainable development elements of the Benefits Table, including LEED-Platinum (or equivalent) and green roofs, limit the impact of this new development on Redmond’s natural environment. Additionally, the pedestrian and bike improvements included in the Master Plan will continue to enhance Redmond’s leading alternative transportation infrastructure.
Public Open Space – The included investments in public open space, including improvements to 74th street running through the center of the project and improvements to the North-South corridors from the new light rail station, will create a more vibrant pedestrian environment and a livelier ground plane.
Job Creation – The Masterplan will create hundreds of temporary and permanent jobs within the community.
