Centers
Goal: Support vibrant concentrations of retail, office, service, residential, and recreational activity in Downtown and Overlake.
Condition:
GreenCircle
Trend:
RightArrow


Downtown and Overlake Vitality
. Residential permit activity decreased in 2014, with 120 permits issued for Downtown, compared to 385 in 2013. About 54,000 square feet of new commercial space was permitted in Overlake, which was about 40 percent of the total permitted citywide in 2014. Employment in Redmond's urban centers accounts for about 43 percent of total citywide employment as of 2014, down from 44.5 percent in 2013. Employment in Downtown decreased slightly, while employment in Overlake increased slightly and citywide employment increased over 3 percent in 2014. In 2014 the City invested $32.2 million for capital improvements in its urban centers—about 68 percent of what was expected based on budget documents.

Condition: GreenCircle = good, YellowCircle = fair, RedCircle = poor. Trend: UpArrow= improving, RightArrow =maintaining, DownArrow = worsening.

Observation Objective Condition 6-year Trend*
Growth in centers (ratio of achieved to expected)    
Residential 0.9
(2014)
1.0
(2030)
GreenCircle DownArrow
Commercial 1.0
(2014)
1.0
(2030)
GreenCircle RightArrow
Centers investment (percent of budgeted capital funds expended) 68%
(2014)
N/A GreenCircle RightArrow
Centers employment    
Downtown employment 9,839
(2014)
10,800
(2030)
YellowCircle RightArrow
Overlake employment 26,444
(2014)
36,350
(2030)
YellowCircle UpArrow
Total centers employment 36,283
(2014)
47,150
(2030)
YellowCircle RightArrow

*Where six years of data are available.



Contact:
Jeff Churchill
425-556-2492

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2015

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