{"id": "n-bc22d44a71", "slug": "redmond-overlake-plaza", "type": "big-box", "name": "Overlake Plaza", "aka": [], "city": "Redmond", "county": "King County", "state": "WA", "country": "US", "census_division": 9, "lat": 47.66941, "lon": -122.12388, "geocode_method": "nominatim-city", "address": null, "metro": null, "original_use": "Sears store", "year_opened": null, "year_closed": null, "acres": null, "gla_sqft": null, "stores_peak": null, "levels": null, "original_developer": null, "original_architect": null, "before_notes": "Draft from thenewstribune.com, model-extracted, unreviewed: The former Sears store at Overlake Plaza in Redmond closed in 2018, was demolished in 2022, and is proposed for redevelopment into a 210-room hotel, 500 apartments, underground parking, restaurants, retail, office, and park space.", "strategy": ["redevelop"], "new_use": ["hotel", "housing", "office", "park", "retail"], "share_retrofit": null, "status": "proposed", "year_retrofit": null, "developer": "Seritage Growth Properties", "architect": null, "after_notes": "a 210-room hotel, 500 apartments, more than 2,200 stalls of underground parking, restaurants, retail and office and park space", "narrative": null, "narrative_license": null, "narrative_source": null, "zoning_change": null, "public_subsidy": null, "entitlement_year": 2018, "planning_notes": "Approved by City of Redmond.", "wikidata_qid": null, "wikipedia": null, "osm_id": null, "verified": "draft", "verified_by": null, "last_verified": null, "last_updated": "2026-10-18", "created": "2026-10-18", "contributor_name": null, "contributor_org": null, "contributor_link": null, "international": 0, "county_fips": "53033", "opp_score": 20.0, "opp_reasons": ["already in play: under construction, approved, or sold to a developer with housing plans", "county grew 4.6% 2018–23", "median rent $2,035", "housing in the record"], "for_sale": 0, "distressed": 0, "url": "https://retrofitatlas.org/big-box/wa/redmond-overlake-plaza/", "events": [{"year": 2018, "date": null, "kind": "note", "detail": "Sears store closed", "source_id": 7749}, {"year": 2021, "date": null, "kind": "note", "detail": "Construction permit applications submitted", "source_id": 7751}, {"year": 2021, "date": null, "kind": "note", "detail": "Construction permit applications lapsed and expired", "source_id": 7752}, {"year": 2022, "date": null, "kind": "note", "detail": "Demolition took place", "source_id": 7750}], "sources": [{"id": 7748, "site_id": "n-bc22d44a71", "url": "https://www.thenewstribune.com/news/business/article313031305.html", "title": "Former WA state Sears site among Seritage's final assets | Tacoma News ...", "publisher": "thenewstribune.com", "date": null, "quote": "Overlake Plaza", "kind": "news", "license": null, "retrieved": "2026-10-18"}, {"id": 7749, "site_id": "n-bc22d44a71", "url": "https://www.thenewstribune.com/news/business/article313031305.html", "title": "Timeline", "publisher": null, "date": null, "quote": "formerly home to a Sears store, which closed in 2018.", "kind": "quote", "license": null, "retrieved": "2026-10-18"}, {"id": 7750, "site_id": "n-bc22d44a71", "url": "https://www.thenewstribune.com/news/business/article313031305.html", "title": "Timeline", "publisher": null, "date": null, "quote": "Demolition took place in 2022.", "kind": "quote", "license": null, "retrieved": "2026-10-18"}, {"id": 7751, "site_id": "n-bc22d44a71", "url": "https://www.thenewstribune.com/news/business/article313031305.html", "title": "Timeline", "publisher": null, "date": null, "quote": "construction-permit applications were submitted by Seritage in 2021", "kind": "quote", "license": null, "retrieved": "2026-10-18"}, {"id": 7752, "site_id": "n-bc22d44a71", "url": "https://www.thenewstribune.com/news/business/article313031305.html", "title": "Timeline", "publisher": null, "date": null, "quote": "those applications have lapsed and expired.", "kind": "quote", "license": null, "retrieved": "2026-10-18"}], "deals": [], "parties": [{"name": "Seritage Growth Properties", "kind": "owner", "role": "developer", "year_from": null, "year_to": null}], "parcels": [], "context": {"assessment": {"what_happened": "Sears store closed in 2018. Demolition occurred in 2022. Developer Seritage Growth Properties submitted construction permits in 2021 (later lapsed), but city approved the redevelopment plan in 2018. Site is proposed for mixed-use: 210-room hotel, 500 apartments, 2,200+ underground parking stalls, retail, office, and park space. ", "why": "City approved the plan. Housing market shows 7.4% 5-year ZHVI growth ($824k latest). King County permits show $2.7B in 2024 construction (2,352 single-unit, 7,119 multi-unit).", "where_it_stands": "Status: proposed. No construction underway (demolition completed 2022). Neighboring cluster includes 8 projects within 10km (all proposed or built).", "for_a_planner": ["City approved plan (2018).", "Housing demand supported by 7.4% ZHVI growth.", "Nearby projects: 0km peer (Overlake Seritage property) also proposed for redevelopment."], "for_a_developer": ["Mixed-use plan includes hotel (210 rooms), 500 housing units, and 2,200+ parking stalls.", "Permits show strong regional construction activity ($2.7B in 2024).", "No active construction yet (demolition done, permits lapsed)."], "risks_and_unknowns": ["No current construction timeline.", "Permit lapses (2021) may delay project.", "Exact parking configuration (underground) not confirmed in planning notes."], "data_quality": "partial", "one_line": "Proposed mixed-use redevelopment (hotel, housing, retail) approved by Redmond, but no active construction after 2022 demolition; supported by housing market data and regional permit activity.", "model": "qwen3-30b-a3b-64k:latest", "machine": "Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b)", "record_sha1": "585d5deb1b51"}, "cluster": {"within_10km": [{"id": "n-93338e8767", "name": "Overlake Seritage property", "city": "Redmond", "status": "proposed", "km": 0.0}, {"id": "n-b809b05748", "name": "Sears site at Overlake Plaza", "city": "Redmond", "status": "proposed", "km": 0.0}, {"id": "m-04e4bae70a", "name": "Kirkland Parkplace", "city": "Kirkland", "status": "built", "km": 5.6}, {"id": "n-f02f6d63c6", "name": "Kirkland Heights", "city": "Kirkland", "status": "under construction", "km": 6.3}, {"id": "m-c014116418", "name": "Totem Lake Mall", "city": "Kirkland", "status": "built", "km": 6.4}, {"id": "n-729ff37c48", "name": "12th Place, Building A", "city": "Bellevue", "status": "proposed", "km": 6.7}, {"id": "n-10ffd7d13a", "name": "Bellevue Manor", "city": "Bellevue", "status": "built", "km": 8.0}, {"id": "n-5c1de99885", "name": "Bellevue North", "city": "Bellevue", "status": "approved", "km": 8.0}], "count_10km": 8, "count_25km": 19}, "elevation": {"elevation_ft": 40.1, "resolution": 1, "source": "USGS EPQS (3DEP)", "retrieved": "2026-10-20"}, "food_access": {"tract10": "53033032309", "urban": 1, "lila_1_10": 0, "low_access_1mi": 0, "lapop1share": 3.2400972263477303, "poverty_rate": 7.28185044670175, "median_family_income": 134688.0, "snap_households": 123.0, "pop2010": 5212.0, "source": "USDA ERS Food Access Research Atlas 2019 (ArcGIS copy)", "retrieved": "2026-10-20"}, "housing_market": {"zhvi": {"latest": 824870, "month": "2026-09", "change_1y": -0.022, "change_5y": 0.074}, "zori": {"latest": 2323, "month": "2026-09", "change_1y": 0.016, "change_5y": 0.146}, "county_fips": "53033", "source": "Zillow Research (ZHVI, ZORI)"}, "jobs_lodes": {"tract20": "53033032331", "jobs": 11465, "retail_jobs": 679, "food_accommodation_jobs": 1970, "year": 2022, "source": "Census LEHD LODES8 WAC 2022 (all jobs, primary and secondary), blocks summed to the 2020 tract", "retrieved": "2026-10-20"}, "listings": {"zip": "98052", "month": "202609", "median_listing_price": 1050975, "median_listing_price_yy": -0.1946, "active_listing_count": 192, "median_days_on_market": 40, "price_reduced_share": 0.1539, "pending_ratio": 0.3342, "source": "Realtor.com Research, inventory core metrics by ZIP (ZCTA at the site point)", "retrieved": "2026-10-20"}, "opportunity": {"tract10": "53033032309", "kfr_p25": 0.4875, "jail_p25": -0.0032, "kids_count": 92.5259, "commuting_zone": "Seattle", "vintage": "children born 1978-83, outcomes measured 2014-15", "source": "Opportunity Insights, Opportunity Atlas (Chetty, Friedman, Hendren, Jones, Porter 2018)", "retrieved": "2026-10-20"}, "peers": {"peers": [{"id": "n-93338e8767", "name": "Overlake Seritage property", "city": "Redmond", "state": "WA", "score": 6.5, "why": ["same strategy: redevelop", "also in WA", "0 km away"]}, {"id": "n-b809b05748", "name": "Sears site at Overlake Plaza", "city": "Redmond", "state": "WA", "score": 6.5, "why": ["same strategy: redevelop", "also in WA", "0 km away"]}, {"id": "n-75ade54c49", "name": "Trailhead", "city": "Issaquah", "state": "WA", "score": 6.0, "why": ["same strategy: redevelop", "also in WA", "16 km away"]}, {"id": "n-729ff37c48", "name": "12th Place, Building A", "city": "Bellevue", "state": "WA", "score": 6.0, "why": ["same strategy: redevelop", "also in WA", "7 km away"]}, {"id": "n-3979b69ba3", "name": "NOAA research station and surrounding 26 acres", "city": "Mukilteo", "state": "WA", "score": 6.0, "why": ["same strategy: redevelop", "also in WA", "34 km away"]}, {"id": "m-c2364f77d1", "name": "Northgate Mall", "city": "Seattle", "state": "WA", "score": 5.5, "why": ["same strategy: redevelop", "also in WA", "16 km away"]}], "method": "size, era, strategy, status, type, state, distance"}, "permits": {"county": "King County", "2024": {"units_1": 2352, "units_2_4": 1093, "units_5plus": 7119, "value_total": 2710126160}, "2023": {"units_1": 2238, "units_2_4": 1089, "units_5plus": 7274, "value_total": 2504322180}, "retrieved": "2026-10-18"}, "qcew_retail": {"county": "53033", "year": 2025, "establishments": 5725, "employment": 102448, "avg_annual_pay": 60273, "lq_employment": 0.72, "employment_change_1y": -1.1, "source": "BLS QCEW 2025 annual, county, NAICS 44-45 retail trade, private", "retrieved": "2026-10-20"}, "retail_trend": {"2012": {"estab": 6564, "emp": 96932}, "2023": {"estab": 5912, "emp": 104570}, "estab_change": -0.099, "emp_change": 0.079, "county_fips": "53033"}, "schools": {"district": "Lake Washington School District", "district_geoid": "5304230", "grades": "PK-12", "district_vintage": "SY2024-25", "public_schools_1mi": 5, "schools": ["Benjamin Rush Elementary", "Redmond Elementary", "Contractual Schools", "Old Redmond Schoolhouse", "Sammamish River Valley Online School"], "schools_vintage": "SY2023-24", "source": "NCES EDGE", "retrieved": "2026-10-20"}, "storms": {"county": "53033", "years": "2016-2025", "events": 8, "by_type": {"Heavy Rain": 6, "Debris Flow": 1, "Flood": 1}, "property_damage_usd": 34994000, "deaths_direct": 1, "injuries_direct": 1, "note": "county-typed events only; events logged to forecast zones (CZ_TYPE Z: most winter, heat, flood and coastal events) are not counted", "source": "NOAA NCEI Storm Events Database, details files", "retrieved": "2026-10-20"}, "traffic": {"max_aadt": 83708, "trucks_aadt": 2963, "road": "SR 520", "class": "freeway or expressway", "lanes": 6, "segments_600m": 34, "year": "2024", "source": "FHWA HPMS", "retrieved": "2026-10-20"}}, "elements": [{"slug": "use-office", "name": "Office", "group_": "use", "evidence": ",200 stalls of underground parking, restaurants, retail and office and park space Approved by City of Redmond.", "origin": "newtypes-extraction"}, {"slug": "use-retail", "name": "Retail (continued)", "group_": "use", "evidence": "more than 2,200 stalls of underground parking, restaurants, retail and office and park space Approved by City of Redmond.", "origin": "newtypes-extraction"}, {"slug": "place-mall-cluster", "name": "3+ other atlas sites within 10 km", "group_": "place", "evidence": "8 within 10 km", "origin": "computed"}, {"slug": "place-apartment-boom-county", "name": "County permitting 2,000+ apartment units a year", "group_": "place", "evidence": "7,119 units, King County", "origin": "census-bps"}, {"slug": "strategy-redevelop", "name": "Redeveloped", "group_": "strategy", "evidence": "a 210-room hotel, 500 apartments, more than 2,200 stalls of underground parking, restaurants, retail and office and park space", "origin": "record"}, {"slug": "use-housing", "name": "Housing", "group_": "use", "evidence": "a 210-room hotel, 500 apartments, more than 2,200 stalls of underground parking, restaurants", "origin": "newtypes-extraction"}, {"slug": "use-park", "name": "Park and open space", "group_": "use", "evidence": " of underground parking, restaurants, retail and office and park space Approved by City of Redmond.", "origin": "newtypes-extraction"}, {"slug": "place-high-traffic", "name": "30,000+ vehicles a day on an adjacent road", "group_": "place", "evidence": "83,708 on SR 520", "origin": "fhwa-hpms"}, {"slug": "place-freeway-frontage", "name": "Interstate or freeway within 600 m", "group_": "place", "evidence": "SR 520", "origin": "fhwa-hpms"}, {"slug": "place-rent-2000-plus", "name": "County typical rent $2,000+", "group_": "place", "evidence": "$2,323/mo", "origin": "zillow"}, {"slug": "use-hotel", "name": "Hotel", "group_": "use", "evidence": "a 210-room hotel, 500 apartments, more than 2,200 stalls of underground park", "origin": "newtypes-extraction"}, {"slug": "status-pipeline", "name": "Retrofit in the pipeline", "group_": "finance", "evidence": "proposed", "origin": "record"}], "details": {}, "photos": [], "provenance": {"after_notes": "newtypes-extraction", "developer": "newtypes-extraction"}, "restricted_fields": {"parcels": ["owner_addr", "assessed", "taxable", "tax_amount", "sale_price", "deed_ref"], "deals": ["price", "price_per_acre", "price_per_sqft", "loan_amount", "asking_price"], "how": "free API key: POST /api/v1/keys {\"email\": …}"}}