Big boxes · Washington

Overlake Plaza

Imported, unreviewedRedevelopedRetrofit proposedRedmond, WA

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. · summary, model-written

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Site profile12 elements · what this retrofit is built with · tap a chip for the evidence

Finance and pipeline

Retrofit in the pipeline

This site: …proposed record · all sites with this

Place

3+ other atlas sites within 10 km

This site: 8 within 10 km computed · all sites with this

30,000+ vehicles a day on an adjacent road

This site: 83,708 on SR 520 fhwa-hpms · all sites with this

County permitting 2,000+ apartment units a year

This site: 7,119 units, King County census-bps · all sites with this

County typical rent $2,000+

This site: $2,323/mo zillow · all sites with this

Interstate or freeway within 600 m

This site: SR 520 fhwa-hpms · all sites with this

Strategy

Redeveloped

This site: …a 210-room hotel, 500 apartments, more than 2,200 stalls of underground parking, restaurants, retail and office and park space record · all sites with this

New use

Hotel

This site: …a 210-room hotel, 500 apartments, more than 2,200 stalls of underground park newtypes-extraction · all sites with this

Housing

This site: …a 210-room hotel, 500 apartments, more than 2,200 stalls of underground parking, restaurants newtypes-extraction · all sites with this

Office

This site: ,200 stalls of underground parking, restaurants, retail and office and park space Approved by City of Redmond. newtypes-extraction · all sites with this

Park and open space

This site: of underground parking, restaurants, retail and office and park space Approved by City of Redmond. newtypes-extraction · all sites with this

Retail (continued)

This site: …more than 2,200 stalls of underground parking, restaurants, retail and office and park space Approved by City of Redmond. newtypes-extraction · all sites with this

All elements and lists · Trends

Now

Status	Retrofit proposedWikipedia no source
Strategy	Redevelopment, proposedWikipedia no source
New uses	hotel, housing, office, park, retailWikipedia no source
What is there now	a 210-room hotel, 500 apartments, more than 2,200 stalls of underground parking, restaurants, retail and office and park spacenewtypes-extraction reported
Redeveloper	Seritage Growth Propertiesnewtypes-extraction reported

Planning

Entitlement year	2018Wikipedia no source
Planning notes	Approved by City of Redmond.Wikipedia no source

Site context

Housing permits, King County (WA), 2024	7,119 units in 5+ unit buildings, 1,093 in 2–4, 2,352 single-family; 2023: 7,274 in 5+Census BPS
Other atlas sites nearby	8 within 10 km, 19 within 25 km: Overlake Seritage property (0.0 km); Sears site at Overlake Plaza (0.0 km); Kirkland Parkplace (5.6 km); Kirkland Heights (6.3 km); Totem Lake Mall (6.4 km)computed
Retail trade in the county, 2025 (BLS QCEW)	102,448 jobs in 5,725 establishments; average annual pay $60,273; employment location quotient 0.72; employment -1.1% on the yearBLS QCEW 2025, NAICS 44-45, private
Jobs located in the tract, 2022	11,465 jobs; 679 in retail trade, 1,970 in accommodation and food (workplace blocks summed to tract 53033032331)Census LEHD LODES8 WAC 2022
Upward mobility (Opportunity Atlas, 2010 tract)	children of low-income (25th percentile) families reached the 49th income percentile as adults; -0.3% incarcerated at the 2010 count (93 children in the sample); born 1978–83, measured 2014–15Opportunity Insights
Food access (USDA FARA 2019, 2010 tract)	not a low-access tract at 1 mile; 3% of residents more than 1 mile from a supermarket; poverty rate 7.3%; median family income $134,688; 123 SNAP householdsUSDA ERS
Schools	Lake Washington School District (PK-12); 5 public schools within 1 mile: Benjamin Rush Elementary; Redmond Elementary; Contractual Schools; Old Redmond SchoolhouseNCES EDGE
Elevation	40 ft above sea level at the site pointUSGS 3DEP
Storm events in the county, 2016-2025	8 county-logged events: 6 heavy rain, 1 debris flow, 1 flood; $34,994,000 property damage reported; 1 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events
Homes for sale in ZIP 98052, 2026-09	median list price $1,050,975 (-19.5% on the year); 192 active listings; median 40 days on market; 15% with a price cutRealtor.com Research
Retail trade in the county, 2012 to 2023	5,912 establishments (-10%); 104,570 jobs (+8%)Census CBP
Housing market in the county	typical home value $824,870 (-2% 1 yr, +7% 5 yr); typical rent $2,323/mo (+2% 1 yr), 2026-09Zillow Research
Traffic on the busiest road within 600 m (2024)	83,708 vehicles a day on SR 520 (freeway or expressway, 6 lanes); 2,963 trucks; 34 counted segmentsFHWA HPMS

Summary, model-written

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).

What we do not know yet

No current construction timeline.
Permit lapses (2021) may delay project.
Exact parking configuration (underground) not confirmed in planning notes.

Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.

Similar sites

Overlake Seritage property, Redmond, WA · Big boxes · same strategy: redevelop; also in WA; 0 km away
Sears site at Overlake Plaza, Redmond, WA · Big boxes · same strategy: redevelop; also in WA; 0 km away
Trailhead, Issaquah, WA · Garden apartments · same strategy: redevelop; also in WA; 16 km away
12th Place, Building A, Bellevue, WA · Office parks · same strategy: redevelop; also in WA; 7 km away

Elsewhere on the web

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Multifamily screen

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

Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.

History and original facts

County	King County
Census division	9 · Pacific
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.

Not yet recorded: acres, GLA, year opened, original developer, retrofit year. Know it? Tell us.

Timeline

2018 Sears store closed
2021 Construction permit applications submitted
2022 Demolition took place

Sources

Former WA state Sears site among Seritage's final assets | Tacoma News ...
5 quoted sentences
Overlake Plaza
formerly home to a Sears store, which closed in 2018.
Demolition took place in 2022.
construction-permit applications were submitted by Seritage in 2021

Cite

Retrofit Atlas (2026). "Overlake Plaza, Redmond, WA." Record n-bc22d44a71, imported, unreviewed. Built on the public Retrofitting Suburbia map (Dunham-Jones and Williamson) and the sources listed. https://retrofitatlas.org/big-box/wa/redmond-overlake-plaza/ (accessed 2026-10-20).

BibTeX

@misc{retrofitatlas_redmondoverlakeplaza,
  title = {Overlake Plaza, Redmond, WA},
  author = {{Retrofit Atlas}},
  howpublished = {\url{https://retrofitatlas.org/big-box/wa/redmond-overlake-plaza/}},
  year = {2026},
  note = {Record n-bc22d44a71, release 2026-10-20, tier: draft. Built on the Retrofitting Suburbia map (Dunham-Jones and Williamson) and the sources listed on the record. Accessed 2026-10-20}
}

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Record

n-bc22d44a71 · JSON · source last edited 2026-10-18 · reviewed by a person: not yet

Corrections

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More in Washington

Kirkland ParkplaceKirkland, WA · 2015Redeveloped · Redevelopment: office mixed use, new streets Northgate MallSeattle, WA · 2020Partial Redeveloped · Regreened · 2009 Partial redevelopment, residential and transit 2009 partial…

Totem Lake MallKirkland, WA · 2015Redeveloped · Regreened · Redevelopment: mixed use, new streets Partial regreening:…12th Place, Building ABellevue, WARedevelopment, proposed · seven-story multi-family residential building 508 WestSpokane, WAReinhabited 629 WoodlandLacey, WARedeveloped · 49 apartments

Site profile12 elements · what this retrofit is built with · tap a chip for the evidence

NowWikipedia

Planningresearch and extraction

Site contextpublic APIs, see origins; tract and county figures sit at different geographies and are not directly comparable

Summary, model-writtenwritten from this record only, not reviewed by a person

For a planner

For a developer

What we do not know yet

Similar sitescomputed on size, era, strategy, status, type and place

Elsewhere on the websearch links

Multifamily screen20 points · research only

History and original factsWikipedia

Timelinesources below

Sources1 sources