Woodinville Wine Village Townhomes

Investing in Acquisition & Development

Project Description

Broadmark proudly invests over $17 million to acquire and develop the up-and-coming Woodinville Wine Village Townhomes. This phase will fund the acquisition of entitled land and the horizontal development of forty-five lots.

This lifestyle development will be erected by a well-known and respected King County home builder and spread over 2.9-acres consisting of townhome units in twenty-one buildings, each wood framed and two or three stories. The homes are expected to be “farmhouse inspired” with board and batten style, lots of white with accent colors, and a design that gives the structure a single-family residence instead of an attached home. Units will vary, with the smallest homes around 1,938 SF, while the largest homes are 2,585 SF, and offer 3 or 4 beds and 2.5 or 3.5 baths. Each home will have a two-car side-by-side garage with oversized driveways. The homes are well in line with consumer expectations regarding design and space.

Vineyard Creek is located in Woodinville, WA’s major tourism and retail area. The site is just south of the Woodgate Mall, movie theater, grocery stores, and gym. To the west of the site are JM Cellars and Chateau St. Michelle, due north of the site is Cave B Winery and Purple Café, and just east of the site is Cougar Crest Winery and Forgeron Cellars. The site is at the epicenter of all the wine-making activities in Woodinville, making it an excellent site for future commercial and residential development. Woodinville is a suburb of Seattle, about 20 miles north of the city on the Sammamish River, with a population of about 15,000 people.

Loan Details

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Woodinville, WA

Broadmark logo

June 2022

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$17,218,400

Contact Information

Thatcher Milholland, Washington

Douglas Swafford, Oregon & SW Washington

Mike Incrocci, Western Region

Bryan Graf, Western Region

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