City of Kirkland buys 17,500 square foot mall for $14 million, with mixed-use redevelopment plans

By Catherine Sweeney

After acquiring the largely vacant Houghton Village shopping center last week, the City of Kirkland announced plans to convert the space into a mixed-use facility with affordable housing as well as space for local organizations in non-profit. According to public records, the City bought the site for $14 million, or about $799 per square foot. The property was sold by Houghton Village Partnership LLP, an entity related to Frederick M. Repass.

“Acquiring this property at a competitive price in the heart of a walkable neighborhood near Terrace Park, Lakeview Elementary School, Cross Kirkland Corridor, Metropolitan Market and Google campuses with access to public transit service Frequent common provides the City with a unique opportunity to enhance the future of this neighborhood while addressing community priorities,” the city said in a memorandum released June 3.

The property is located at 10702 NE 68th Street and totals 17,530 square feet. Originally developed in 1958, the property is located west of Interstate 405 directly across from additional businesses including a Bank of America, grocery store, and Starbucks.

According to the city, the acquisition of the site was financed using a three-year interfund loan, which gave the city more time to strategize for the site, receive community feedback, and select development partners.

In the meantime, the City will continue to lease space to current occupants and seek to find tenants for vacant space, primarily focusing on nonprofit organizations that serve the surrounding community. Although ideas on how to develop the site are pending, the City will not be using the site as permanent supportive housing.

Edwin S. Wolfe