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 […]
Council heard from parties of proposed Garden Senior Village construction
LYNNWOOD—Lynnwood City Council updated its Council Rules relating to remote public comments, approved the 2024 Finance Committee meeting schedule, unanimously agreed to $45,000 in incentives for camp counselor and lifeguard positions, and held a public hearing on a proposed development agreement with Garden Senior Village at its Business Meeting on February 12. Public Hearing: Garden […]
Public Hearing on senior housing, resolutions on City transparency
LYNNWOOD—Lynnwood City Council will host its Business Meeting at 6 p.m., Monday, February 12, to hold a Public Hearing for the addition of 36 housing units at Garden Senior Village. The council will vote to pass a resolution amending Council Rules relating to remote public comments, approve the 2024 Finance Committee meeting schedule, and approve […]
Letter-to-Editor: Missing Middle Housing does not make sense for Lynnwood
I am a member of the Lynnwood City Council, and the Snohomish County Tomorrow Steering Committee. My comments below represent my views and are not intended to imply these are the positions of these organizations. The politicians in Olympia are once again pushing a bill intended to destroy the sovereignty and self governing rights of […]
Kinect@Lynnwood officially opens in the up-and-coming Lynnwood City Center
LYNNWOOD, Wash., June 2, 2022 – Kinect@Lynnwood apartments held a ribbon cutting ceremony Wednesday, June 1, making it the first market rate apartment complex to open in Lynnwood this year with 239 units of housing. During yesterday’s grand opening, residents enjoyed raffle prizes and refreshments. “We’ve been working on this for years and we’re finally […]
Proposed legislation forcing cities to increase housing density in single-family neighborhoods introduced
OLYMPIA, Wash., January 21, 2022 – Proponents of HB 1782 say forcing higher housing density in Washington’s cities will help reduce housing costs, cut fuel emissions and put an end to exclusionary zoning. Critics of the idea, however, say it will require significant overhauls in city infrastructure and reduce local control of housing options. Local […]
Roadmap to homeownership in Lynnwood’s housing market
With affordable housing options expected to be added to Lynnwood’s housing market, homeownership may become a tangible reality for some residents in the near future. The Housing Needs Assessment found that 46% of Lynnwood households are renters and 54% are homeowners, but less than 20% of Lynnwood residents could afford to purchase the median-priced home […]
Affordable Housing is Washington’s No. 1 real estate problem
By Jeff Schumacher | Keller Williams CPRE, LLC Welcome home! My name is Jeff Schumacher, a real estate broker with Keller Williams CPRE, LLC, one of the top producing offices in Washington state that provides advance technology for brokers. While being on the front lines of real estate, I am here to share with you […]
Lynnwood to create affordable and available housing
By Erin Freeman | Lynnwood Times Staff A new action plan aims to find added affordable and available housing options in Lynnwood as the city anticipates significant population growth in the coming years. “The housing action plan will help us identify targeted strategies to meet Lynnwood’s needs,” explained Ashley Winchell, the City of Lynnwood’s Planning […]
