Harborside condos almost ready for residents
July 4, 2008 · Updated 10:43 AM
The long wait for the Harborside Condominiums is almost over as the first residents are expected to begin moving in on Aug. 1.
Escrows on units on the first two floors of the two four-story buildings, which have a total of 78 units, began closing this week, which means the Kitsap County Consolidated Housing Authority will officially join Seattle developer MS Cavoad in providing residential living in the citys downtown core.
The completion of Harborside is the result of a tremendous effort by an enormous amount of people to create change in the city. People moving into the downtown core change downtown equations, KCCHA executive director Norm McLaughlin said. We broke ground with public investment to lure private investment in our wake - and that strategy has proven to be successful, with the arrival of The 400 Condominiums and soon other projects.
The projects completion means the city has reached its goal of bringing people to its downtown core, KCCHA development director Gary Tusberg.
The completion of our project will bring at least 100 new people downtown maybe as many as 140 to 150, Tusberg said. For us, this confirms for us the value weve always seen in downtown Bremerton. To see households having confidence in the Harborside district and also investing their money here is great.
The confirmation of buyers finally being able to move into their new residences comes after the housing authority overcame several challenges to make the project a reality.
The challenges we had were delivery problems, Tusberg said. The recent construction boom put strains on the supply of materials, and we had to work with that.
Those issues were resolved through a cooperative effort between the housing authority and its suppliers, he said.
Despite time pressures, though, weve always been sure to keep quality at top-notch, he said. We think our buyers will appreciate that when they move in.
Although only 60 percent of the units are currently sold, Tusberg said he expects the remainder to sell quickly once residents begin moving in.
We expect to reach 100% sold by the fall. Marketing of the remaining units will begin once they are completed, he said.
Unlike the first units, which were sold before they were completed, the leftover units will be sold once they are finished, he said.
Seeing a completed unit helps the buyer see, in a concrete way, all that they will be getting in their new home and we are excited to give them that opportunity, he said.
With the condos and the Norm Dicks Government Center on its list of completed projects, the housing authority isnt done yet, he said.
We begin Phase 2 next, in cooperation with the Port of
Bremerton, he said. The port has now begun construction of the new marina - as we speak, equipment is coming in for that project. Well shortly begin design work with the port for the next steps, going forward.
Phase 2 has its own level of anticipation and excitement because it involves increased public access and retail and open spaces in addition to residential development, Tusberg said.
However, the Ports project wont mark the end of the housing authoritys work in the city, either, McLaughlin said.
Our New Markets Tax Credits program has already helped social service agency construct a new building and lured a software from Seattle to Bremerton, he said. Going forward, well be working with that program to finance other exciting new projects downtown.