92-unit apartment complex proposed for Viking Avenue

poulsbo.apts
Approximate development site

A developer plans to build a four-building, 92-unit apartment complex on Poulsbo’s Viking Avenue.

The “Arendal on Viking” apartments would be located on 7.55 acres southeast of the intersection with Highway 305, according to the city planner assigned to the project.

Residents would access the complex via a single driveway from Viking. Parking would be mostly surface level, with some spaces underneath buildings. A clubhouse is included in the proposal.

The applicant is Viking Avenue Properties, LLC., headed by Kelly Clark of Kingston. A pre-application meeting was held July 21. Formal permit applications have not yet been filed.

Apartments are in high demand across Kitsap, with large complexes reporting a 3 percent vacancy rate in the second quarter of 2015.  The Bainbridge/Poulsbo submarket saw apartment rents increase by more than 10 percent in the past year.

See an interactive graphic showing Kitsap apartment rental trends here.

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