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Taken to the limit
There may not be much commercial land available in Silverdale, but there are plenty of upcoming commercial building projects on land thats already been acquired.
Theres very little commercial land available in Silverdale, said Vic Ulsh, commercial real estate agent of Bradley Scott Commercial Real Estate in Bremerton. Development is pushing against the UGA (urban growth area), knocking on the door of the UGA. Those who have needs for commercial space are running out of options.
As for the commercial land that has already been acquired, there have been several large projects in the Silverdale area. During the past year the Ridgetop area has seen its share of commercial development. The new Doctors Clinic on N.W. Myhre Road, which will be called Salmon Medical Center after Charles L. Salmon who was one of the Doctors Clinics first physicians, is scheduled to open in May. Construction on the 53,000-square-foot medical building began in spring 2004. The new building sits on nearly six acres and will feature an ambulatory surgery center, full imaging center and 16 physicians with multiple specialties.
Were thrilled and excited to be expanding our services to the people in the area, said Linda Brown, CEO of the Doctors Clinic.
The Doctors Clinic currently has seven locations in the Kitsap County area and the new medical center will replace the East Bremerton Doctors Clinic as its largest facility. The existing Doctors Clinic on Ridgetop Boulevard will remain open. Some of the doctors at the Ridgetop location will transfer to the new facility, but many will stay including all of the family practice doctors. The Doctors Clinic also has plans to recruit new doctors.
Retail space also is quickly shrinking in Silverdale.
There is 2.5 million square feet of retail space in Silverdale, only 86,000 of that is available and its in three or four larger spaces, said Gary Gartin, a leasing specialist with Bradley Scott Commercial Real Estate. Indicators show a building demand for new retail and office space in Silverdale.
Just this past summer Levitz and Sportsmans Warehouse recently moved into the Ridgetop area, replacing what used to be Homebase. Developer Sam Rosenwald of Black Equities Group, Ltd. is looking to develop 12.5 more acres for retail space adjacent to Sportsmans Warehouse and Levitz and is currently in escrow.
Also fairly new to the Ridgetop area is the recently cleared and paved building site, owned by Family Pancake House Construction, at the corner of Ridgetop Boulevard and Blaine Avenue. One of the three building sites has already been purchased by Re-Max Platinum Services. Mike Brown, vice president of FPH Construction declined to say how much the site was sold for. He is currently working on deals on the two remaining lots.
Also coming to Silverdale soon is Oxford Suites which will be located on a vacant 1.2-acre lot on Bayshore Drive next to Spiros Pizza and Pasta. The four-story hotel will have 104 suites, a breakfast area, swimming pool, exercise room and lounge.
The market is really strong in Silverdale and its a great waterfront location, said Curt Baney, president of Baney Corporation of Bend, Ore. which owns the hotel chain.
Baney is hoping to break ground next month and if all goes as planned, Oxford Suites should be open by the end of the year.
New changes also are in the works for a new building to be built where the former Sandpiper Restaurant now sits vacant on Bucklin Hill Road. The Mentor Company owns the plot of land which sits on a .96 acre lot. Judy Mentor-Eagleson and Jennifer Mentor-Mills of the the Mentor Company are not sure what business(es) will occupy the building. It could possibly be a office or retail business, but that has not yet been decided. Their goals for the building are to have a signature Northwest building, to incorporate it along the Clear Creek Trail and along the waterfront, to situate the new building parallel to Bucklin Hill Road and close to the waterfront and to use local professionals and suppliers.
Silverdale is a strong market, Mentor-Eagleson said. Were hoping to (break ground) this summer. Right now were still in a market analysis phase.
With commercial buildings comes prime