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TECHNOLOGY CENTER OF THE EASTSIDE The Overlake Neighborhood contains one of Redmond’s two urban centers, and offers a variety of employment opportunities, corporate campuses, shopping and dense multi-family housing. The neighborhood includes Overlake Village, an emerging, mixed-use neighborhood, and the Overlake Employment Area, home to advanced technology, research and development corporations. Together, with the Overlake Residential Area, they help form our geographically largest neighborhood. OVERLAKE CITY OF redmond, wa NEIGHBORHOOD ---PAGE BREAK--- OVERLAKE INFORMATION www.redmond.gov/Overlake CHANGE THE WORLD FROM REDMOND Parking • Commercial parking ratios of 2–5 spaces per 1,000 square feet • Residential parking ratios of 0.5–3 spaces per unit Transportation Highlights As the Overlake neighborhood transitions into a dense, vibrant urban center with multi-family housing, strong employment, and the addition of light rail stations opening in 2023, the area will enjoy a very high walk-score, bike-ability and will be connected by rail to the region. Population Overlake is home to 7,000 residents and is forecasted to grow to over 10,000 by 2030. Jobs Overlake has approximately 46,000 jobs and is forecasted to grow to 70,000 by 2030. Zoning Overlake offers a range of zoning allowing multi-family, mixed-use, retail and office uses. Commerical • Base Height – 4 stories • Max Height – 8–10 stories • Base FAR – 0.36 • Max FAR – 0.55 Residential • Base Height – 5 stories • Max Height – 8–12 stories • Base FAR – 2.5 • Max FAR – 4.0 Commercial Land Uses • Office gross square feet (GSF) 12,353,845 • Retail GSF 947,503 • Industrial GSF 87,108 Rates • Annual commercial lease rates ranging from $14–$34 per square foot • residential rents from $2–$3 per square foot PROJECTED RESIDENTS IN OVERLAKE 2017–2030 7,000 2017 2019 2021 2023 2025 2027 2029 2031 8,000 9,000 10,000 3000+ NEW RESIDENTS Sound Transit light rail service is on schedule to arrive in Overlake in 2023. P: [PHONE REDACTED] E: [EMAIL REDACTED] 15670 NE 85th Street PO Box 97010 Redmond, WA 98073-9710 Residential Land Uses • Single-family dwellings 1,163 • Multi-family dwellings 1,926 Find available property at Redmond.gov/ PropertyViewer