Bremerton Landing
Phase 1 & 2
82 Shovel-Ready Units + 291 Proposed Units Across 4 Kitsap County Parcels
Executive Summary
Discover Bremerton Landing, a prime investment opportunity pre-approved for 373 units in Kitsap County’s largest city. In total, the development is planned for two phases and consists of four parcels spanning seven acres. The property is also located on a tract that meets the new eligibility requirements to become an Opportunity Zone in 2027 and could be designated as soon as July 2026, offering potential tax benefits for investors.
Located just 11 miles across the water from Seattle, Bremerton Landing offers future residents’ direct access to the city’s largest employers via a 30-minute fast ferry ride. The Bremerton market has demonstrated strong performance, with vacancy decreasing 440 basis points year over year as of Q2 2026.The local economy is supported by military personnel at Naval Base Kitsap, as well as the area’s recent diversification into healthcare, manufacturing, and tourism, making this an attractive long-term investment opportunity.
Phase 1: 82 Shovel-Ready Units
Phase 1 is already permitted for 82 units and is currently shovel-ready on 1.77 acres. This portion of the property features fully established infrastructure, with roads and utilities in place, minimizing risk, accelerating the construction timeline, and reducing overall development costs. The approved unit plan includes a diverse mix of studio, one-, two-, and three-bedroom apartments averaging 750 square feet as well as 2,500 SF of commercial space, designed to appeal to a broad renter base.
Phase 2: An Additional 291 Proposed Units
Phase 2 spans the three neighboring parcels across 5.26 acres. The proposal for Phase 2 includes an additional 291 units, and like Phase 1, the unit mix ranges from studios to three-bedroom/two-bath units with an average size of 750 square feet.
Multiple Purchasing Options
Bremerton Landing offers two purchasing options. The first is the standalone acquisition of Phase 1, including the fully entitled 82 units. The second is the combined purchase of Phases 1 and 2, totaling seven acres, with a delayed closing for Phase 2 to allow sufficient time for entitlements.
Investment Highlights
Shovel-Ready for 82 Units
Phase 1 is fully permitted for 82 units and 2,500 SF of commercial space on 1.77 acres and is shovel-ready, offering a near-term development opportunity with reduced execution risk.
Additional 291-Unit Expansion Opportunity
Phase 2 spans three adjacent parcels across 5.26 acres and provides the opportunity to develop an additional 291 proposed units.
Diverse Unit Mix
Both Phase 1 and Phase 2 include an optimal mix of studios, one-, two-, and three-bedroom units averaging 750 square feet, appealing to a broad renter demographic.
Infrastructure Already in Place
Roads and utilities are established, helping minimize upfront site work, accelerate the construction timeline, and reduce overall development costs.
Flexible Acquisition Structure
Investors can acquire Phase 1 as a standalone shovel-ready development or purchase both Phase 1 and Phase 2 for a larger-scale phased investment opportunity.
Opportunity Zone Potential
The property is located on a tract that meets eligibility requirements for the more restrictive Opportunity Zone program; new Opportunity Zones will be identified in July 2026, with the program opening for investment in January 2027.
offices in bellevue & seattle
bellevue
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220
seattle
601 Union Street
Suite 3720
Seattle, WA 98101
206.521.7220
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