Projects
Overlooking the scenic Sammamish River Trail, the new Redmond City Hall in Redmond, Washington, epitomizes architecture in tune with nature, both visually and environmentally. The 113,000 square foot building, nestled between a well used biking and jogging trail and the City’s Municipal Campus, was designed to take full advantage of the natural beauty of the area. The landscaping is native to the Northwest, and all irrigation has a sub-surface drip system to conserve water.
NDC’s Housing and Economic Development Corporation financed the project with tax-exempt 63-20 bonds. The project is owned by NDC-HEDC and leased to the City of Redmond until the debt is paid off, when ownership of the building will be transferred to the City. This financing structure allowed the City to enjoy the best of both worlds: the lower cost associated with public financing and the improved results and lower risk associated with the private development process.
This LEED certified building was constructed in 2005, when costs of construction were rising sharply. While other public projects in the area were facing huge cost overruns, the unique financing structure resulted in completion of Redmond City Hall on schedule and on budget.