MainStreet property group sells property in Bothell to Toll Brothers

  • Monday, February 27, 2017 11:26am
  • Business

MainStreet Property Group LLC has sold a project that will become 45 luxury townhomes near downtown Bothell to Toll Brothers. The project is located two blocks west of the heart of downtown next to the Bothell library.

Terms of the deal were not disclosed.

MainStreet Property Group completed the development of the site earlier this year. Toll Brothers is expected to begin construction in the spring of 2017.

“Toll Brothers is one of the leading homebuilders in the region and their reputation for quality homes, great customer service and attention-to-detail sets them apart,” said MainStreet Property Group President Kelly Price. “We’re strong supporters of Bothell and continue to have significant development and construction interest in this market. We’re proud to have played a role in helping the downtown core transform into a walkable, energized place to live, work and recreate – and we’re excited to see what Toll Brothers is going to do on this site.”

Toll Brothers has built luxury homes since 1967. They are currently selling 10 new home communities in the Puget Sound region, including Timber Creek and Pipers Glen in Bothell, and will be opening additional communities in 2017.

“The City of Bothell’s vision for revitalization is truly tangible—and we think it is one of the most exciting cities in the region,” said Toll Brothers’ Division President Kelley Moldstad. “As cities around the region work to create walkable, amenity-rich downtown cores, opportunities to live near these dynamic environments are mostly for renters. Our community addresses what we believe is an unmet need for new homeowners to also live within close proximity to Bothell’s downtown redevelopment.”

More in Business

Kenmore Council adopts plastic bag ordinance

The Kenmore City Council adopted a new plastic bag policy effective January… Continue reading

Developers miss deadline to salvage Bothell hotel project

The city council set a deadline of July 20 for Bothell Hotels LLC to submit a new plan.

Select Gourmet Foods hopes to reopen by summer’s end

The butcher’s shop took damage from a fire last August but the owners are hoping to make a comeback.

Guest House gives Kenmore locals another eatery option

The restaurant is located just north of St. Edward State Park in south Kenmore.

Bothell chamber of commerce changes name to include Kenmore

The Bothell chamber of commerce has been re-branded to include its neighboring… Continue reading

CitySurf pop-up pool could open this summer on Eastside

A Sammamish couple hopes to break ground on a permanent indoor surf facility later this year.

Two wineries move in with Teatro ZinZanni

Two local wineries will be sharing the old Redhook brewery in Woodinville with Teatro ZinZanni.

Real estate embraces the digital era in creative ways

Kirkland’s MainStreet Property Group’s Junction Apartments in downtown Bothell topic of discussion at recent real estate symposium.

Bothell-Kenmore Reporter transitions to subscription model

The pre-paid subscriptions will be $39 a year or $3.99 monthly.

Sound Publishing appoints new president and vice president

Josh O’Connor is the new president and publisher while Terry Ward is the new vice president.

Seattle head tax worries Eastside business organizations

Seattle has passed a head tax to help fund homelessness services.

Office space is tight all across the Eastside

The Broderick Group released a report detailing low office vacancy rates across Eastside cities.