Ribbon snipped at Parkshore Juanita Bay, with 50 senior units
The new building replaced the owner’s old retirement complex from the 1970s.
A little north of Juanita Bay in Kirkland, Exxel Pacific began work two summers ago on what recently opened as Parkshore Juanita Bay.
It replaced the 1970s-era Gardens at Juanita Bay, also owned by the nonprofit Transforming Age. The 50-unit senior housing community now goes by 11925 97th Ave. Some prior residents have been returning, along with new neighbors, and Parkshore has a new website to encourage fresh faces to join them. It’s an independent living community, with non-medical services.
Perkins Eastman designed the three-story, roughly 120,000-square-foot project. It’s built to achieve LEED Platinum certification, with rooftop solar panels and other green features. Planning for the replacement project began circa 2021.
Units range from one- to two-bedrooms; those run from 825 to 1,700 square feet. Amenities include a dining room, gym, lounge, movie room, roof deck, parking and outdoor areas. And Juanita Beach Park is but a few steps away.
The ribbon cutting and grand opening took place earlier this month.
Parkshore funding sources included Ziegler, which with US Bank arranged a bond issue worth about $62 million; and the Washington State Housing Finance Commission, which originated the bonds. Parkshore also benefited from the city’s multifamily property tax exemption program.
Thus, about five units are affordable to retired folks earning up to 50% of area median income. Units are restricted to those 62 years and older. The buy-in fee starts at around $593,100. The monthly services fee begins at $3,270.
The building team also included IMEG, LEED consultant; Pace, civil engineer and surveyor; GCH, landscape architect; Coughlin Porter Lundeen, structural engineer; Krazan & Associates, geotechnical engineer; and Talasaea Consultants, wetlands advisor.
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