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Redmond agency amends downtown urban renewal plan to finalize sale of 9‑unit infill housing parcel
Summary
The Redmond Urban Renewal Agency adopted Resolution 20 25‑02 to remove tax lot 151309DA02100 (470 NW Fir) from the list of acquired properties and confirmed deed transfer to the developer, Timber Gone, Inc.; staff said the 9‑unit project includes three deed‑restricted affordable units and used incentives equal to roughly 16% of final project value.
The Redmond Urban Renewal Agency on June 10 adopted a resolution formally amending the Redmond Downtown Urban Renewal Plan to document disposal of a property acquired for housing development at 470 Northwest Fir.
Chuck Arnold, renewal program manager, and urban renewal staff recounted that the agency approved acquisition of the parcel in 2022 to enable an infill housing project. Staff said the completed development is a nine‑unit project, three of which are deed‑restricted as affordable housing and are expected to be fully leased by the end of the month. "It…
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