LMC Announces Start of Leasing at The Bower Apartments

Rhea-AI Summary

LMC, a subsidiary of Lennar (NYSE:LEN), has begun leasing at The Bower, a new mixed-use apartment community in Kirkland, Washington. Featuring 339 apartments and 7,500 square feet of retail space, The Bower is located near The Village at Totem Lake, enhancing local amenities including high-end retailers and dining options. Residents benefit from proximity to major employers, including tech giants, and easy access to transportation routes. LMC's portfolio in the Seattle area includes six properties, supporting its $12 billion pipeline of multifamily rental communities.

Positive

• The Bower has 339 apartments and 7,500 square feet of retail space, enhancing local community offerings.
• Located in an area with strong demand, close to major employers and transit options, supporting promising rental prospects.
• LMC operates six properties in the Seattle area, bolstering its market presence.

Negative

• None.

KIRKLAND, Wash., Jan. 26, 2021 /PRNewswire/ -- LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced the start of leasing at The Bower, a mixed-use apartment community situated in the burgeoning Totem Lake neighborhood.

The mixed-use community, which features 339 apartment homes and 7,500 square feet of ground-floor retail space, sits adjacent to The Village at Totem Lake, a brand-new lifestyle center that has brought new amenities to the neighborhood. Included are a Whole Foods, Trader Joe's, a village commons, creative office space, international dining options and high-end retailers. The city is supporting the lifestyle center with upgraded parks and trail access. The Bower is also adjacent to premier medical center EvergreenHealth and its advanced healthcare services.

"The Village at Totem Lake redevelopment effort has completely rejuvenated this area of Kirkland and we're excited to complement that momentum with the opening of The Bower," said Brad Reisinger, division president of the Pacific Northwest for LMC. "Our residents will enjoy an enviable location with the strength of the local school district, the multiple attractions within the neighborhood and our proximity to essential businesses, services and career opportunities."

Located at 11811 NE 128^th Street, The Bower provides easy access to Interstate 405 and State Route 520, affording seamless accessibility and connectivity to Downtown Bellevue, Seattle and Redmond. Multiple express transit options less than a block away from the community will give residents short commutes and more time to explore more than 100 nearby wineries, breweries, and dining options.

The Kirkland area offers a balanced mix of employers, from service-related jobs to manufacturing, and residents also have prime connectivity to "tech alley" along the I-405 corridor. Facebook, IBM, Google, Microsoft, GoDaddy, Wave, Tableau and Amazon all have established roots in the area, creating a nationally recognized market for tech innovation and an in-demand workforce.

The Bower offers a mix of studio, 1- and 2-bedroom apartment homes, featuring quartz countertops with undermount sinks, wood-plank inspired vinyl flooring, stainless-steel appliances, French-door refrigerators, under-cabinet lighting, tile backsplashes and tub surrounds, in-home washers and dryers and portable air conditioner ports.

Community amenities include a rooftop deck with bocce court and fire pits, sixth-floor social lounge with bar, billiards and media area, demonstration kitchen with indoor/outdoor lounge, sun deck courtyard, game room, courtyard pavilion with bar and barbecue grills. Fitness enthusiasts will enjoy a 2,800-square-foot fitness center with multimedia motivational wall.

The Bower is one of six LMC properties in operation or under construction in the Seattle Metropolitan Area, joining Axle, Valdok, Twenty20 Mad, Ovation and LMC Marymoor.

About LMC
LMC, a wholly owned subsidiary of Lennar (NYSE:LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US. LMC has a 31,800-unit pipeline of communities ranging from operating to under pre-development that exceeds $12 billion of high-rise, mid-rise and garden apartments.

LMC creates extraordinary communities where people can live remarkably.

www.LiveLMC.com

Media Contact                                            
Marlena DeFalco
LinnellTaylor Marketing                                            
303-682-3943                                                 
marlena@linnelltaylor.com        

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SOURCE LMC

FAQ

What is The Bower by LMC?

The Bower is a new mixed-use apartment community developed by LMC in Kirkland, featuring 339 apartments and retail space.

Where is The Bower located?

The Bower is located at 11811 NE 128th Street, Kirkland, Washington, adjacent to The Village at Totem Lake.

What amenities does The Bower offer?

The Bower includes modern apartments with quartz countertops, a fitness center, rooftop deck, and various community spaces.

How many properties does LMC operate in the Seattle area?

LMC operates six properties in the Seattle Metropolitan Area.

What is Lennar's stock symbol?

Lennar's stock symbol is LEN.