this great opportunity to step right into an existing deli location in the heart of Redmond near Microsoft, or build to suit to your own concept. This retail center is currently in the design and planning stage for a Northwest contemporary facelift. Now is the time to step right into the groundfloor of a major economic redevelopment effort in this center as well as the surrounding community.
There is also an option to purchase an equity interest in owning the land and building as well as a triangular corner located dead center in Downtown Redmond.
Redmond is a city in King County, Washington, United States. The population was 45,256 at the 2000 census, with an estimated population of 48,739 in 2006.[3] Redmond is best known as the home of Microsoft (for which "Redmond" has become a metonym) and Nintendo of America. With an annual bike race on city streets and the state's only velodrome, Redmond is also known as "the bicycle capital of the Northwest".Despite this, the city is suburban in character, with its main form of transportation being the automobile. Redmond has a historic downtown with many personally owned businesses which is connected to the modern downtown Redmond.
Due to its large population of highly paid tech workers, especially those of Microsoft, Redmond is known for its affluence. Based on per capita income, Redmond ranks 20th of 522 areas in the state of Washington to be ranked.
A number of companies in the high-tech industry are based in Redmond. The largest employer in the city by far is Microsoft Corporation, which moved its headquarters to Redmond in 1986. Currently Microsoft has over 93,000[16] full-time workers and more than 8 million square feet (750,000 square meters) of office space in the Seattle area Eastside region, primarily in Redmond and Issaquah. Further signs of growth include:
In January 2006, Microsoft announced the purchase of Safeco's Redmond campus.(Formerly one of Redmond's major employers, Safeco began consolidating its offices in Seattle's University District in 2005.)
In February 2006, Microsoft announced that it intends to expand its Microsoft Redmond campus by another 1,100,000 square feet (102,000 m2) at a cost of $1 billion and has said that this will create space for between 7,000 and 15,000 new employees over the next three years.
This is very optimistic news for Redmond and the Eastside, which will gain many new residents as a direct result. This also shows that while the general technology industry slows, Redmond's economy, alongside that of Puget Sound, continues to expand rapidly[citation needed].
Other companies with headquarters in Redmond include Nintendo of America, Concur, Data I/O Corporation, and BrickArms.
Unlike Bellevue and other neighboring cities, the City of Redmond does not have a Business & Occupation tax on income. However, to help offset the costs of road improvements for businesses, a business license fee of $55 per employee was approved in 1996. As of 2007, the fee is $85 per employee.
This is an Add Value Alliance, Inc. DBA Washington Brokers listing.
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