Kirkland Parkplace may finally be developed with new partner

Kirkland Parkplace

Kirkland Parkplace

 After years of dormancy, the Kirkland Parkplace redevelopment project looks like it might be on track again -- but possibly at a smaller scale.

The Puget Sound Business Journal is reporting that Seattle-based Talon Private Capital is stepping in as Prudential’s new partner on Kirkland Parkplace redevelopment.  Kirkland planning director Eric Shields spoke with PSBJ regarding the planned eight floor, controversial office/retail/hotel complex in downtown. 

From article by Marc Stiles in the PSBJ:

 

In exchange for building taller buildings, Prudential and Touchstone agreed to add more retail and open space, Shields said.

Prudential and Touchstone courtedGoogle to be the anchor tenant, but the company decided to expand elsewhere in Kirkland. After Google made that decision, Prudentialbought out Touchstone’s interest in the project last fall.

Now Talon and Prudential are now looking to build a smaller Parkplace project. Shields said he thinks the city might now be amenable to this.

Read the entire article at: 

http://www.bizjournals.com/seattle/news/2014/03/05/talon-private-capital-working-on-1.html