This "courtesy photo" of Riverpark Apartments was published in the local Redmond Reporter (6/25) with the Press Release. For "real time" photos & clips scroll down. 
Redmond REDMOND, Wash. – June 24, 2009 – Legacy Residential, a West Coast leader in residential developments, today announced the formal opening of Legacy at Riverpark Apartments. A new gateway to downtown Redmond, Legacy at Riverpark Apartments includes 319 luxury apartment homes and 5,700 square feet of street-level retail in three five- to seven-story buildings.
Legacy at Riverpark Apartments is part of the expansive six-acre mixed-use Riverpark development, which also includes a 144-room Hotel Sierra, developed by LodgeWorks; a 106,000-square-foot office building anchored by Group Health; street level retail spaces; and secure, underground parking for 750 vehicles. With the 135-unit first phase now completed, Legacy is focusing on completing the second phase, which includes an additional 184 apartment homes. The second phase will open in September.
Legacy at Riverpark Apartments strikes a unique balance between the energy of an urban, mixed-use village and the serenity of a nearby stream surrounded by expansive open spaces and jogging trails. Riverpark is just a half mile from SR-520 and is a five-minute walk along the newly extended and improved Bear Creek Parkway from Redmond Town Center, a lifestyle center featuring a high-end theater, restaurants, and more than 100 shops and boutiques, including REI and Macy’s. Just two miles from Microsoft, five miles from Downtown Bellevue and 15 miles from downtown Seattle, Riverpark offers excellent commuting options.
--Media Contact: Nate Cole-Daum, Nyhus Communications LLC for Legacy Partners Residential, Inc., (206) 323-3733 or nate@nyhus.com
COMMENT:
I visited the apartments, took some pictures and talked to Nichole, Assistant Business Manager at Riverpark. The "Opening Day" 12-month Lease printed prices (dated 6/18/09) range from:
- a low of **$572/month for a 1-BR Studio (10% of apartments are "affordable" )
- to $2810/mo. for a 3 Bedroom Loft + Den, upper story w/view (presently unavailable)
- Two Bedroom/2 Bath range is $933 - 1452/month.
- Daily Special: 1 Month Free w/12 Month Lease. (apparently month-to-month is offered)
- Free Underground Parking, $500 Deposit ($250 refundable), $40 application fee. $300 pet fee (80 pound limit). $300 pet deposit.
- **Price ranges include the affordable housing by city requirement.
Some apartments are still under construction.
Legacy website of Riverpark: http://www.legacyatriverpark.com/
City description and video of the project: http://redmond.gov/community/02RiverPark.htm
some of my comments are opinions - the press release is abbreviated.
Per email (with permission to post)
ReplyDeleteRiverpark's open 1-bedrooms are classified, technically speaking, as studios because they do not have a physical separation between the sleeping area and the living space although they have a more segregated bedroom than traditional studio apartments which is why they were ultimately named "Open 1 Bedrooms." I apologize for any confusion this may have caused.
As you know, Riverpark has a 10% affordable requirement, (totaling 32 units), and they're proud to offer this category in the community.
Here are the City's "affordability" limits for rents according to unit type:
Open 1 Bedrooms (Regulated as "studios" by City of Redmond) : $1143
1 Bedrooms: $1293
2 Bedrooms: $1443
3 Bedrooms: $1593
They are actually offering many units priced well under these requirements.
Please let me know if there are any additional questions you might have. And, of course, if you're interested in a tour or chat with the folks behind this project don't hesitate to let me know.
Thanks again!
Nate Cole Dunn
Nyhus Communications LTD for Legacy Partners, Residential
206-323-3733