American Capital Group acquires land for new 316-unit Multifamily housing in Lynnwood
LYNNWOOD—Bellevue-based commercial real estate agency American Capital Group recently acquired most of the land which will be used to build an upcoming, seven-story, 316-unit multifamily apartment project in Lynnwood near Alderwood Mall on 4001 198th Street Southwest. The current property was purchased for a total of $9.5 million last week bringing the total investment by […]
Lynnwood Council approves $6.4 million tax exemption for new 318-unit mixed-use development
LYNNWOOD—The council unanimously approved the mayor to enter into an eight-year $6.4 million Multifamily Tax Exemption (MFTE) for ACG Acquisitions, LLC, the developer of the new 318-unit mixed-use housing development, ENSO. The Multi-Family Housing Property Tax Exemption (MFTE) program began in 1995, codified as RCW 84.14, to incentivize residential development in urban centers, designated as […]
Lynnwood Public Facilities District meeting on February 6
LYNNWOOD—The Lynnwood Public Facilities District, now called “The District,” will conduct a hybrid meeting to take place at the Lynnwood Public Facilities District Conference Room located at 3815 196th St SW in Lynnwood. Participants may also zoom into the meeting. The next meeting is scheduled for February 6, 2024. Meeting date and time: 10 a.m. – […]
Lynnwood PFD holds impromptu Special Meeting providing no remote access
LYNNWOOD, Wash., November 9, 2023—The Lynnwood Public Facilities District (PFD renamed the District) held an impromptu Special Meeting Thursday, October 26, to discuss its By-Laws and Charter changes. For the first time in years the District did not include a zoom link to this meeting limiting public access. The notice of a Special Meeting was […]
PNW welcomes first ever drive thru Shake Shack in Lynnwood
LYNNWOOD, Wash., September 6, 2023—Shake Shack, the popular New York City-based burger chain, officially opened its newest location in Lynnwood at 18800 Alderwood Mall Parkway, Wednesday, September 6. This is the restaurant’s fourth Washington location and its first ever Drive Thru in the Pacific Northwest. Shake Shack also has Washington locations in Downtown Seattle, Seattle’s […]
196th Street improvements paves way to Lynnwood’s ongoing renaissance
LYNNWOOD, Wash., August 15, 2023—After years of planning and actual years in the making, motorists commuting through and to Lynnwood can now breathe a sigh of relief: major construction on 196th Street has finally come to a close. In addition to the nearby future Sound Transit Lynnwood Transit Center just south of 196th Street, construction […]
Colliers facilitates self-storage property sale in Lynnwood
LYNNWOOD, Wash., July 23, 2023—Leading diversified professional services and investment management company Colliers is pleased to announce the sale of Northlynn Mini-Storage, a self-storage property in the Lynnwood area. Colliers’ De Jong – Becher Self Storage Team, consisting of Jacob Becher, Nate Fliflet, Dana Chobor and Tom de Jong, represented the seller, Lanswell Development Corporation, […]
Shake Shack is opening a location at Alderwood Mall in Lynnwood
LYNNWOOD, Wash., May 22, 2023—Shake Shack, the popular New York City-based burger chain, is opening a location at 18800 Alderwood Mall Parkway in Lynnwood. The opening date, however, has not yet been publicly announced. Last month, Matt Wilson with Chandler Signs on behalf of Shake Shack, applied for a variance associated with sign permits for […]
The state of Lynnwood is solid for growth into the future
LYNNWOOD, Wash., March 3, 2023—Lynnwood Mayor Christine Frizzell delivered her state of the city address on Friday, March 3, at the Lynnwood Event Center, covering a wide array of topics from public works; to public safety; to transportation, financial strength, and growth. According to Frizzell, Lynnwood is successfully positioned for growth by securing key state […]
CID and Westlake residents voice concerns to proposed light rail routes
SEATTLE, Wash., March 1, 2023—The Sound Transit Board of Directors heard several dozen public comments during their board meeting on February 23. Residents and businessowners voiced concerns over possible locations for stations and the overall routes of the link light rail expansion project. Sound Transit is in the process of expanding the rail system to […]
