Boutique condominium project signals shift toward transit-oriented growth in Seattle suburb

Kirkland, Washington—a lakeside city of 93,000 that has long prized its small-town character—is betting that downtown densification can coexist with community charm. This week’s groundbreaking for Central Peak Residences, a 26-unit condominium project, represents more than just another housing development: it’s a test case for how mid-sized cities nationwide are navigating the tension between growth pressures and local identity.

The four-story project located at 177 Central Way, developed by local firm Cordillera Homes, will rise at the prominent intersection of Central Way and Lake Street, replacing a former US Bank branch with what Mayor Kelli Curtis calls “a place where new neighbors meet for a

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