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Microsoft Moves on Issaquah Highlands Project

ISSAQUAH, WA-Permit and infrastructure issues have stifled forward movement on Phase I of Microsoft's planned office campus here. But even though complete resolution is still unfound, the company has triggered options on 36.45 acres and is finally talking development.

By Janet Parker | Updated on November 21, 2001

ISSAQUAH, WA-Microsoft is finally exercising a portion of its option on 150 acres in the Issaquah Highlands, according to company spokeswoman, Stacy Drake. She was, however, unable to confirm or deny reports that the sales price lies between $20 million and $25 million, which would translate to between $12 and $15/sf.

For the past few years, the Eastside city of Issaquah and the Highlands’ developer, Port Blakely Communities, have been waiting for Microsoft to green-flag construction of an office complex here that could eventually grow to 2.95 million sf. Unfortunately, the project has been bogged down by Issaquah’s infrastructure problems. Last January, Microsoft pulled the reins on its plans, citing a lack of resolution to those issues.

Drake says that while Microsoft hopes to begin clearing and grading the land by next spring, it will not close on the 37.5 acres for its “Phase I” until a few issues have been fully resolved. “Permits and some infrastructure obligations need to be met by the city to ensure we will have the correct infrastructure,” she says.

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