Kidder Mathews has arranged the sale of a 54,886-square-foot multifamily development site located at 9755 NE Juanita Drive in Kirkland, Washington. The property is positioned in the Juanita neighborhood, a location that offers a mix of residential, recreational, and retail amenities that are already established in the immediate area.
The Simon | Anderson Multifamily Team at Kidder Mathews, led by Executive Vice President Dylan Simon along with Jerrid Anderson and JD Fuller, represented the seller in the transaction. The seller is described as an institutional developer, and the Kidder Mathews team served as the sole brokerage group involved in the deal, providing advisory and transaction support through closing.
The site is within steps of Juanita Beach Park, giving future residents and users direct access to waterfront recreation and open space. It is also adjacent to Juanita Village retail offerings, positioning the site near neighborhood conveniences such as shops and services that already draw activity to the area.
Connectivity is a core attribute of the site. The property offers access to the Cross Kirkland Corridor trail, which links multiple neighborhoods and serves as a regional active transportation route. It also provides connections to the regional light rail system, enhancing access to a broader transit network that serves key job centers and communities across the region.
The site has already been rezoned to allow for multifamily development up to 85 feet in height and five stories, creating an entitlement framework for higher-density residential use compared with prior zoning. This zoning status sets the stage for a future multifamily project, subject to the plans and strategy of the new ownership.
In describing the assignment, Dylan Simon noted that the engagement required significant patience and technical expertise. According to Simon, the Kidder Mathews team began work on the site in 2021 and supported the client through the rezoning process, as well as navigating substantial complexities associated with the property and its entitlements.
The site’s location places it within a short distance of several major employment centers. The property is minutes from Google, Microsoft’s Redmond campus, and Bellevue’s central business district, positioning future multifamily development to potentially benefit from proximity to a diverse and established base of technology and professional services employment.
The transaction underscores ongoing investment interest in multifamily development sites in transit-connected suburban submarkets with established amenities and access to major regional employers. Specific pricing, buyer identity, and development plans were not disclosed in the source material.
