Island-based realtor JayMarc will host a grand opening for its “Modern Collection” of three new homes on March 14 and 15 from 11 a.m. to 5 p.m.

There will be live cooking by Cochon Catering on Saturday and catering provided by Franky & Dom’s, a local Mercer Island cafe, on Sunday.

The homes – with designs called Seoul, Taipei and Singapore – are located on First Hill at 2976 74th Avenue S.E. In 2013, JayMarc applied to subdivide the 30,668 square foot lot into three short plats. The homes are more than 3,500 square feet each with at least four bedrooms and bathrooms.

The homes “provide a contemporary aesthetic while embodying a comfortable living atmosphere” with open floor plans and views of Bellevue, according to JayMarc’s website.

Residents have expressed concern that the somewhat homogeneous homes may change the eclectic quality of the neighborhood. But with prices in the $2.2 million to $2.7 million range, the effect on property values in the area is likely to be a positive one.

The lot was formerly owned by the city’s water utility. The city put the property up for sale on behalf of the utility, after neighbors protested a  proposal to build affordable housing there. Neighbors had hoped that the undeveloped lot could be made into a park, according to Reporter archives.

JayMarc is owned by two Islanders, Jay Mezistrano and Marc Rousso. For more information, go to jaymarchomes.com.