Sold Out! Point Edwards Condominium Project Completes Phase One of Construction
Edmonds, WA — November 29, 2005 — Point Edwards, a planned community on the upper plateau of the former Unocal tank farm property, is midway through construction and the project has been well received by the market. Developed by Triad Development, Inc. and designed by Weber + Thompson of Seattle, the development features nearly 350 upscale condominiums in 10 residential buildings and an elegant community center that overlooks downtown Edmonds, Possession Sound and north Puget Sound. Phase One was completed in July 2005 and has already sold out. Phase Two, which is nearly sold out, will be completed in January 2006 and Phase Three, half of which has been pre-sold, will be finished in late 2006.
Ross Woods, developer of Point Edwards, says that "The success of the project has taken many people by surprise. The extraordinary views and wonderful location are part of it, but I think that we have developed a new Northwest lifestyle here that has created some real excitement. This is a high-density project but with parking under ground and lots of open space, it is more park-like, and many have commented that project has the feel of a resort." Woods adds, "As we continue into new phases, we have been able to refine the homes even further with the input of our buyers. Point Edwards is such a success because it is an enjoyable place to live. The views are some of the very best in the Puget Sound and the vast amenities allow homeowners to enjoy an individual lifestyle from their own home to the 8,400 square foot clubhouse and the swimming pool."
The developer and architecture team spent many hours meeting with the Edmonds community before developing their design. "The design of Point Edwards evolved out of community outreach, by listening to the project's neighbors, to city planners, and to the residents of the City of Edmonds," states Architect Blaine Weber AIA, principal of Weber + Thompson. "The community made it very clear that Edmonds has its own identity, an authenticity and small town scale, and people consistently asked for the project to reflect Northwest sensibilities with an 'Edmonds flavor'. This message resonated with the developer-architect team and the final design celebrates the site with the timeless lines of sea-coast shingled buildings that are subtle and indigenous to this location. Because the community reinforced the importance of anchoring the project with a 'sense of place,' great efforts were made to ensure that this project looks like it belongs to this special site."
The project capitalizes on the site's incredible water views, utilizing glazing and usable outdoor decks to extend the interior spaces to outdoor living space protected from the weather. Terraced buildings are snuggled into the slope so that each three-story structure shows only two stories on the uphill side in order to protect uphill views and maintain a residential scale.
Weber + Thompson's planners worked hard to create a hig-density project that did not feel like high density. "Three major design concepts contribute to lessening the density of the development," states Weber. "First, by installing parking underground, the park-like open spaces are preserved. Second, by carefully situating the buildings into the landscaped hillside the structures become secondary to the pedestrian qualities of the development. Third, highly modulated buildings and careful use of Edmonds-appropriate materials like sea-coast shingles and deep overhangs contribute to the feeling that these buildings belong on this site."
In addition, generous open spaces and mini parks with view outlooks are connected by a pedestrian promenade loop through the site. This promenade incorporates traditional viewpoints along Pine Street, formalizing and enhancing a longtime favorite sunset viewing spot of Edmonds's residents.
"The City of Edmonds's staff have been major supporters of this development," states Ross Woods, developer of Point Edwards. "The positive attitude from Mayor Gary Haakenson, Director Duane Bowman and his staff has made working in Edmonds a pleasure. From the first meetings with them five years ago, we have received positive input and prompt permitting responses. The citizens of Edmonds have also supported Point Edwards because it is a community unto itself, which has transformed this former industrial hillside into a thriving resort-style environment."
Point Edwards features nearly 350 luxurious condominiums, many with water views. Sizes range from 800 square feet to 2,700 square feet per unit and are priced from $319,000 to $1.5 million.
Project Team
Architecture and Planning, Weber + Thompson, Blaine Weber AIA, Architect, Valerie Sargent, Project Manager; Owner and Developer, Point Edwards LLC and Triad Development, Inc. General Contactor, Longitude 122 LLC; Landscape Architecture, Thomas Rengstorf and Associates; Civil Engineering, Triad Associates; Interior Design by RCI, Inc. Structural Engineering by DCI, Inc. Financing by Macquarie Real Estate Finance.
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 appropriate new development opportunities wherever they present themselves. With its strong financial base, 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, planning and landscape architecture. The award-winning company has an experienced staff of nearly 100 design and construction professionals. Since 1987, Weber + Thompson has developed a diverse practice with projects that include master-planned communities, high-rises, high-density urban infill, residential, hospitality, senior housing and commercial office projects. Weber + Thompson seeks effective results through a thoughtful and collaborative design process.
For more information, visit www.weberthompson.com
or contact Weber + Thompson at 206- 344-5700
or info@weberthompson.com.