Triad Development to Create Hillside Village on Unocal Tank Farm Site
Seattle, WA — October 28, 2002 — Triad Development is forging ahead with plans to build an upscale, multi-family condominium project on the old Unocal tank farm site, just south of downtown Edmonds. Although the tank farm had been on the short list for Brightwater – King County's new sewage treatment plant – Ron Sims, King County Executive, recently expressed preference for another site in Woodinville. Many Edmonds' residents have been vocal in their opposition to a third sewage plant in their city, and have expressed support for a residential project that is more suited to this site. The lower level of the tank farm site is the proposed location of Edmonds' new ferry terminal, and the re-route of SR104, named Edmonds Crossing, a long-awaited project integral to the planned future of Edmonds.
Triad Development has determined that an upscale condominium project is the best use of this site. "We met with numerous residents and community leaders in an effort to understand the concerns of Edmonds' residents" states Triad Development's Ross Woods. "Through our community outreach, we have created a project that enhances the engaging qualities of Edmonds and neighboring Woodway." Woods says that as a result of community input, the project will have significant landscaped open spaces, including a pedestrian esplanade and a public park, with street parking, along Pine Street, one of Edmonds residents' favorite sunset-viewing lookouts.
Triad commissioned Weber + Thompson of Seattle to design a project that is best suited to the nature of this unique site with its steep topography and dramatic Puget Sound views. According to Architect Blaine Weber of Weber + Thompson "This is a once-in-a-lifetime site. The inspiration for the design is based on the qualities of Italian hillside towns, with terraced and modulated buildings that nestle into their steep sites and provide a very pleasant village scale." Weber says that most of the parking is underground, affording more open space and an orientation to the pedestrian over the automobile.
This development features a tree-lined pedestrian parkway and a park-like feel to the 22.5 acre site. Up to 295 condominiums will be provided, most with water views. Sizes range from 650sf to 2,300sf per unit and are priced from $170,000 to $1.2 million. Construction is planned to start in 2003, and will take 5 years to complete the four phases of the project. Triad Development is planning to apply for site plan review in early November.
Project Team
Weber + Thompson, Blaine Weber AIA, Principal in Charge, Brian Slick, Jin Lee, Project Managers; Triad Development, Owner and Developer; Thomas Rengstorf, Landscape; Triad Associates, Civil Engineering.
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About Triad Development
Founded in Seattle in 1984, Triad Development, Inc. has emerged as a prominent real estate development company with a nationwide presence. Although initially focused on the Pacific Northwest, the company now has developments throughout the country, from California to Florida, from Minnesota to Arizona. Through its energetic leadership, Triad has repeatedly demonstrated an ability to move quickly but prudently in order to seize new development opportunities wherever they present themselves. With its strong financial base and through careful planning and conservative budgeting, Triad is able to minimize the risks inherent in development, thereby ensuring not only its immediate financial success, but also its long-term growth. Although initially a developer of new multifamily housing, today Triad is also involved in a broad variety of other real estate endeavors: master-planned amenity-enhanced communities; office and mixed-use commercial, residential rehabilitation, in-fill commercial and suburban retail centers. Using its skill at interpreting economic and market trends with the energetic entrepreneurial approach creates winning ventures for Triad.
About Weber + Thompson
Seattle-based Weber + Thompson is a full-service, West Coast design firm specializing in architecture, interior design and planning. Led by Principals Blaine Weber AIA, Scott Thompson AIA, and Kristen Scott AIA, this award-winning company has an experienced staff of 40 design and construction professionals. Since 1987 Weber + Thompson has developed a diverse practice with projects that include high rises, high-density urban infill, residential, hospitality, financial facilities, and commercial office projects. Weber + Thompson seeks effective results through a thoughtful and collaborative design process. For more information please visit our web site, www.weberthompson.com, or contact Weber + Thompson at (206) 344-5700 or lholland@weberthompson.com.