News

Tides down, condos up

The Tides, a longtime affordable apartment complex with gorgeous waterfront views, will be demolished and replaced with high-end condominiums.

The 27 tenants who have known the place as home for years have about a week longer to look for more low-rent housing.

But for Mark Goldberg, president of the Seattle real estate firm C.S. Cavoad, it is business as usual in his company’s search to purchase and redevelop waterfront property in Bremerton.

The message on the home page of the company’s Web site is as clear as a blue summer sky:

“We invest in and develop underrated waterfront real estate.”

Although he is reluctant to specify exact figures, Goldberg’s company owns over 300 units throughout Kitsap County.

The Tides residents were given eviction notices on May 28. By June 30, they must be cleared from the building.

“We like the waterfront,” Goldberg said by phone in his Seattle office last week. “We plan on putting first class buildings on those sites.”

The Tides will be replaced with a $17 million complex with 66 units.

C.S. Cavoad owns numerous properties throughout Bremerton’s downtown, including 1108 and 1110 Highland Avenue, 12 blocks from the ferry terminal.

According to the company’s Web site they plan to build 25 units there.

Goldberg has also walked door to door in the Evergreen Park neighborhood in Bremerton making offers to individual property owners to buy their property. The recently remodeled park offers sweeping views of Sinclair Inlet.

He believes that once he builds condos in various places around town, many Seattle residents will travel to Bremerton to move and purchase properties.

“I thing that is going to happen naturally,” he said.

Besides the construction Goldberg is planning, Bremerton city construction crews continue along Washington Avenue are widening streets and adding street lights and trees.

The conference center is set to open at the end of July.

On State-Route 304 near the Puget Sound Naval Shipyard Missouri Gate a $3.1 million renovation plan is underway.

New sidewalks will be installed. A divider between traffic, as well as new streets will continue to beautify the south entrance to the city, said Luke Korpi, managing engineer of transportation for the city of Bremerton.

The city also allocates about $300,000 for road improvements every summer, Korpi said. This summer they will put new blacktop on 6th street from Pacific Avenue to Burwell Street. That will cost about $50,000.

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