KENT, Wash.— On Tuesday night the Kent City Council voted unanimously to approve two legal agreements which will allow the development of Project Springboard, a $20 million hotel and condominium project in downtown Kent bound by 2nd and 4th Avenues and Smith and Harrison Streets. Plan B Development General Manager Ben Errez, developer of Project Springboard, announced that the hotel flag will be LaQuinta.

Project Springboard will consist of a full service 74-unit LaQuinta hotel, 64 condominium units, 56 senior condominium units, a 7,000 square foot indoor waterpark for hotel guests and condominium owners, a 1,600 square foot conference center, a 1,000 square foot spa, 23,000 square feet of retail and restaurant space, and a minimum of 350 parking stalls available to the public in a four level structure. Condominium owners will have full use of the hotel facilities. Jim Bell of Windermere Kent is the condominium broker, Rushforth Construction is the contractor, and Jensen Fey is the architect.

In addition, the City is proposing to develop a 33,500 square foot Town Square Plaza adjacent to Project Springboard. The Town Square Plaza is strategically located across from the Kent Library along 2nd Avenue.

The project builds on the momentum of over $60 million in projects under construction in downtown Kent, including Tarragon Development’s Kent Station project. Phase I of Kent Station, opening in November 2005, is across the street from Project Springboard and will feature a 14 screen AMC theatre, a branch campus of Green River Community College, and numerous restaurants and retail.

Kent Mayor Jim White commented that “Project Springboard will allow thousands of hotel guests and hundreds of new downtown residents to take advantage of the many amenities in downtown Kent, including numerous shops, restaurants, a 14 screen movie theater, the Kent Library, and the Kent Transit Center”.

The two legal documents approved by the City Council allow for the rearrangement of property ownership on the block on which Project Springboard will be located. In addition, the documents convey City land to the developer in exchange for construction of the 350 stall parking garage which will include dedicated public stalls and shared parking rights over the balance of the garage, in addition to a commitment for ongoing operations and maintenance of the garage.

Plan B Development, LLC, has begun project feasibility and is scheduled to break ground on Project Springboard in early 2006. The City plans to begin construction of Town Square Plaza in mid to late 2006.

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