# Villages at Cascara – Redmond, WA

- Link: https://www.branchmarketinggroup.com/villages-at-cascara/
- Published: 2015-12-02T15:30:57-08:00
- Author: Traci Ballou

This investment offering provides the purchaser an opportunity to capitalize on 
a well-positioned Puget Sound asset in the sought after Trilogy at Redmond Ridge
Master Planned Community. Cascara at the Villages is comprised of 5.95 acres, improved
with infrastructure and able to accommodate 82 future homes. With modest alterations
needed in the current completed infrastructure we believe the roughly $54,000/lot
acquisition price allows the new developer great upside. Redmond Ridge/Trilogy at
Redmond Ridge is arguably one of the most successful master planned communities 
ever developed in the Puget Sound Marketplace. It is over 2000 acres, much of which
is dedicated to open space and common-use facilities. It is strategically located
just minutes from the Microsoft Redmond Campus and the Eastside Tech Corridor. The
property offers a tremendous value proposition to homebuyers. It contains a myriad
of housing types, a town center complete with a 125,000/sf of retail/office including
a full service QFC Grocery, 15 miles of outdoor hiking trails, a 32,000/sf community
clubhouse and the highly acclaimed Golf Club at Redmond Ridge, just to mention a
few amenities.

Villages at Cascara is located in the heart of Redmond Ridge and close to the retail
component provides excellent access for its future owners. Under the current “already
improved” design, 116 age and income restricted condominium homes could be built.
As noted, there is flexibility to alter the current plan should the new owner want
to design their own product. The current developer is processing a proposed 82 unit
redesign of the remaining development through a proposed CSDP Site Plan Amendment.
We believe it will be prudent to develop the remaining lots under the new proposed
design.