Theater announced for Totem Lake development

The theater tenant for The Village at Totem Lake has been announced.

The Village at Totem Lake will have an eight-screen Cinemark theater which will feature a cafe, reserved seating and a wall-to-wall XD screen.

The 900-seat theater was announced in a press release by Cinemark Holdings, Inc as part of The Village development, which should be completed by 2019. In addition to reserved seating, the theater will have plush, oversized electric recliner sets as well as specialty coffee and ice cream. Cinemark has signed a lease with the development group and has started construction.

The Village at Totem Lake is a long-planned redevelopment of a formerly aging shopping center in north Kirkland. Once completed, the development will have apartments, a Trader Joe’s, Nordstrom Rack and a Whole Foods, among other businesses. Whole foods is expected to open later this year.

In total, the project will have more than 1,400 parking spaces for both retail and residential use and around 855 residential units for more than 360,000-square-feet of residential and retail space. The project is divided into two phases with the first being completed this summer and the next anticipated to be completed in 2019.

Bike lanes are being incorporated into the construction which will connect the development to area parks and the Cross-Kirkland Corridor.

The property was purchased from the California Public Employees’ Retirement System by Coventry Real Estate Advisers and Developers Diversified Realty for $37 million in 2004. The two companies originally intended to redevelop the site, however, the project was dragged into a $500 million fraud lawsuit filed in New York.

The property was purchased by Village at Totem Lake LLC in 2015, a joint venture between CenterCal and PCCP, LLC.

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