2,700 RESIDENTIAL DEVELOPMENT LOTS I THREE SEPARATE … Woods... · McCormick Woods Properties ....

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2,700 RESIDENTIAL DEVELOPMENT LOTS I THREE SEPARATE COMMUNITIES I PORT ORCHARD, WASHINGTON McCormick West McCormick Woods 601 Union Street, Suite 1100 • Seattle, WA 98101 • jll.com/seattle 17717 132nd Ave. NE, Woodinville, WA 98072 • georget.johnlscott.com McCormick North

Transcript of 2,700 RESIDENTIAL DEVELOPMENT LOTS I THREE SEPARATE … Woods... · McCormick Woods Properties ....

Page 1: 2,700 RESIDENTIAL DEVELOPMENT LOTS I THREE SEPARATE … Woods... · McCormick Woods Properties . JLL and John L. Scott have been retained exclusively to arrange the sale of the McCormick

2,700 RESIDENTIAL DEVELOPMENT LOTS I THREE SEPARATE COMMUNITIES I PORT ORCHARD, WASHINGTON

McCormickWest

McCormickWoods

601 Union Street, Suite 1100 • Seattle, WA 98101 • jll.com/seattle 17717 132nd Ave. NE, Woodinville, WA 98072 • georget.johnlscott.com

McCormickNorth

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McCormick Woods Properties JLL and John L. Scott have been retained exclusively to arrange the sale of the McCormick Woods properties, a

collection of three separate residential neighborhoods that total 1,125 acres in scenic Port Orchard, Washington.

Three Distinct Neighborhoods

The McCormick Woods properties offer investors a rare opportunity to concurrently develop over 2,700 single

family residences across three unique neighborhoods in the same highly desirable area. From luxury at McCormick

Woods, senior housing at McCormick West, and entry level at McCormick North, investors are able to

market to a variety of buyers, diversify their investment, and accelerate absorption.

Situated on the Kitsap Peninsula, McCormick Woods is an attractive alternative for residents looking to live outside

the metropolitan areas. The property offers a convenient and central location for exploring quaint waterfront

communities, hotels, cozy inns, retail, and kinds of outdoor activity. The combination of Native American,

Scandinavian, military and pioneer attractions are all within close proximity and convenient travel to the Seattle

and Tacoma metropolitan areas, the Olympic Peninsula and other popular Northwest destinations.

Bainbridge Island

Southworth - West Seattle

BREMERTON

PORTORCHARD

SEATTLE

Vashon Heights

Commute time between downtown Seattle and McCormick Woods is approximately one hour.

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McCormick Woods McCormick Woods is a 1,200 acre established and well known suburban

golf course community with an existing clubhouse and restaurant. Of the

1,200 McCormick Woods acres, 395 remain available for development. The

golf course is privately owned and not a burden to the homeowners. To

date, there have been 800 homes built and occupied ranging in price from

$500,000 to well over a $1,000,000 for some golf course front homes.

Parcels # of Lots Status

A 43 Preliminary Plat Approval Required

B 2 Preliminary Plat Approval Required

C 48 Preliminary Approval

D 172 Approved Engineering

E 55 Approved Engineering

F 45 Preliminary Approval

H 42 Preliminary Approval

J 30 Preliminary Approval

K 7 Preliminary Approval

L 34 Grading Permit

M 97 Preliminary Approval

11 Parcels 570 Lots

McCormick North McCormick North lays directly north of McCormick Woods, across Old Clifton Road. It

is bordered on the east by McCormick Park, and the west by a future school site owned

by the South Kitsap School District. The available parcels on McCormick North will

extend neighborhoods developed and built out with entry level housing by Quadrant

Homes, in the $300,000 to $400,000 price range. The parcels are ready for development,

and approved for single family and multifamily uses, as well as a small commercial and

professional office center.

PHASE III Units Status

92 Preliminary Approval

550 Preliminary Plat Amendment

TOTAL 642

*Include 271 multifamily units based on 13 units per acre

McCormick WestMcCormick West is a 600-acre neighborhood located directly west of McCormick Woods

and has preliminary plat and master plan approval for up to 1,545 single family lots. The

property is nicely treed and gently rolling. It was originally anticipated that McCormick

West would work well as an age restricted retirement community given the success these

communities have had in the Puget Sound. There is a road that will provide McCormick

West direct access to the golf course and clubhouse. While an age restricted community is

one possible use for McCormick West, it is not a required use for this property which could

be single family.

Units Status

PHASE I 166 Approved Construction Plans

Additional Lots 1,379 Preliminary Approval

TOTAL 1,545

McCORMICK WEST McCORMICK WOODS

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CITY OF PORT ORCHARD KITSAP COUNTY, WASHINGTON

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PHASE III

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SEATTLE

PORT ORCHARD

BREMERTON

TACOMA

SILVERDALE

POULSBOSHORELINE

BELLEVUE

BURIEN

KENT

AUBURN

HANSVILLE

GIG HARBOR

For More Information:Stuart Williams +1 206 971 7008 [email protected]

Lori Hill +1 206 971 7006 [email protected]

David Otis +1 206 971 7022 [email protected]

George Thurtle + 206 713 3355 [email protected]

JLL - 601 Union Street, Suite 1100, Seattle, Washington 98101 +1 206 607 1700 office jll.com/seattle

John L. Scott - 17717 132nd Ave. NE, Woodinville, WA 98072 +1 206 713 3355 office johnlscott.com

©2014 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

McCormick Woods is an attractive alternative for residents looking to live outside the metropolitan

areas. The property offers a convenient and central location for exploring quaint waterfront communities,

hotels, cozy inns, retail, and kinds of outdoor activity. The combination of a diverse economy, and an array

of attractions are all within close proximity and convenient travel to the Seattle and Tacoma metropolitan

areas, the Olympic Peninsula and other popular Northwest destinations.