Subscribe to the NewsLarge Development Planned for Hwy 305 and Bond Road in Poulsbo
By Admin
The North Kitsap Herald reports a new large scale commercial and residential development near the intersection of Hwy 305 and Bond Rd. Construction is to be done in phases and is supposed to start in 2012. After a lengthy period of very little new construction development in Kitsap County, we are expecting that more developers will be announcing plans to start projects in 2012.
The largest residential development ever proposed in Poulsbo would place more than 600 housing units at the city’s northern edge if approved by city leaders this spring.
Edward Rose & Sons, a Michigan-based development and property management firm, is planning a mix of senior and family housing and retail space at the corner of Bond Road and State Route 305. Representatives from the company say the project is part of its plan to expand.
“We’re in Poulsbo because it’s a great community. It’s got a diversified economic base, which is what we’re looking for,” said Paul Mott of Edward Rose.
The 55.2-acre site would include 540 one- and two-bedroom row house-style apartments, a 160-unit senior living facility and 2.7 acres of commercial real estate, according to design plans submitted to the city. The city is anticipating the project to accommodate between 1,200 and 1,300 residents when fully built, a roughly 15 percent boost to Poulsbo’s population.
Edward Rose has hired a team of Kitsap engineers and architects to pursue the development, which is estimated to cost between $40 million and $60 million.
The plan will require approval by Poulsbo’s City Council to move forward.
Reader Discussion
Where can anyone view the actual layout and specifications of the Poulsbo residential development
The city’s approval has some details of the layout in the following pdf:
http://www.cityofpoulsbo.com/planning/documents/NODRose.pdf
There is more information about the layout of this project on the City of Poulsbo homepage at http://www.cityofpoulsbo.com/.
Also included there are points of contact at the city for additional information.