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 […]
