Grand Ridge Plaza
We always aim high and we value the lessons we learn.
Grand Ridge Plaza is part of the award winning master-planned community of Issaquah Highlands. Consisting of over 2,300 acres in total, Issaquah Highlands is nationally recognized for its urban village design, thoughtful preservation of natural surroundings and conformity to green-building standards. Grand Ridge Plaza plays a key role in creating a vibrant environment where community residents and non-residents live, work, shop, dine and play. Grand Ridge Plaza, which opened fall of 2013, includes over 325,000 square feet of retail space anchored by Safeway, Regal Cinemas, Marshalls, Home Goods, Ulta and BevMo, as well as regional and local retail and eateries, daily/convenience services and financial institutions. The entire master plan features a 500,000 square foot Swedish Hospital Medical Campus, a 1,000 stall Metro Park & Ride Facility, over 100,000 square feet of medical and Class A office space, YWCA Family Village and over 500 multi-family units. When fully complete, the site will feature 3,950 homes, 4 million square feet of commercial space and more than 100 acres of parks and trails. Drawing from a sizable trade area, Grand Ridge Plaza is located two minutes north of the I-90 and E Sunset Way/Highlands Drive interchange.
Port Blakely, the master-plan developer, engaged Real Retail from 2003-2013 for pre-development consulting services including overall merchandise strategy; development joint venture partnership selection; anchor selection and lease negotiation; and community outreach and support. Real Retail was also engaged with Opus Northwest as Port Blakely's joint venture development partner from 2005-2008 to implement the overall merchandise and leasing strategy. When the market turned in 2008, Real Retail partnered with Heartland to reposition the project to accommodate new and changed market conditions. Together they did a national outreach to best in class developers and Regency Centers was selected. Real Retail assisted the ownership team with due diligence and Regency closed on the site in June of 2012. Regency then partnered with Real Retail for the implementation of the leasing program and the project opened fall of 2013 at 95% leased and was 100% occupied by spring 2014.