NEW INVESTMENT SPARKS SIGNIFICANT
ECONOMIC IMPACTS FOR ISSAQUAH
“Issaquah Highlands is on the verge of
becoming the urban destination it was intended
to be. From a commercial perspective, all residents
must pass through the commercial corridor twice
a day as do the residents to the north
who enjoy the easy access to I-90.”
– Bob Gregg, Owner, Issaquah Highlands Self-Storage
Today, Issaquah Highlands is one of the region's economic bright spots, representing more than $500 million in construction investment and an estimated 1,500 construction jobs generated through a range of residential and commercial projects.
In 2012 and 2013, residential, commercial and infrastructure projects are slated to continue throughout the community. Bellevue College is engaged in the planning process for its 20-acre campus, while residential and commercial construction continues at projects such as Discovery Heights Phase II, Sunset Walk and Forest Drive. New projects are also expected to break ground, including neighborhoods by Steve Burnstead Construction, Ichijo USA and Taylor development.
In 2011, several new commercial services opened, bringing new amenities to the community. Issaquah Highlands Self-Storage, Bright Horizons childcare center, YWCA Family Village at Issaquah and the Swedish/Issaquah medical campus are among the new projects that opened their doors. This flurry of activity boosted the region's economy, generating new tax and fee revenues for the City of Issaquah.
“Issaquah Highlands serves as a major economic multiplier for
our community and our economic vitality. The neighborhood’s
roughly 7,000 residents provide critical support to Issaquah
businesses. The neighborhood, under the leadership of
Port Blakely, has also attracted and facilitated major
investments in the Issaquah economy through the new Swedish
hospital, the planned Bellevue College campus, and retail.”
– Matt Bott, CEO, Greater Issaquah Chamber of Commerce
Projects in Issaquah Highlands making an impact on the region's economy include:
- Bellevue College and the development of a new 20-acre campus, Bellevue College East.
- Discovery Heights, a $60 million construction project featuring luxury apartment homes and commercial space.
- The Swedish/Issaquah 500,000-square-foot medical campus, representing more than 1,000 new jobs.
- Sunset Walk by Pulte Homes, a new neighborhood built for an estimated $20 million construction investment.
- The YWCA Family Village at Issaquah, representing a $46 million construction investment and providing 146 units of housing for working families, people with disabilities and seniors.
- Bright Horizons at the Highlands, a new childcare center employing up to 40 educators that offers childcare and preschool for 150 children.
- Issaquah Highlands Self-Storage, a $4.5 million construction project that offers residents much-needed storage services.
- zHome, a $5 million groundbreaking initiative that is the first multifamily, production, zero-energy, carbon neutral community in the country.
- Proliance Highlands Medical Center, which employs more than 70 healthcare professionals in a state-of-the-art facility.
|
