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 […]
City of Lynnwood adopts U.S. Naval Ship USS Sampson
By Amy Donovan | Last Updated: September 19, 2019. Mayor Nicola Smith and the Lynnwood City Council passed on Monday, September 9, 2019 resolution 2019-06 formally supporting the United States Navy’s Adopt-a-Ship Program with the adoption of the USS Sampson, based at Naval Station Everett. The aim of the program is to encourage positive relations […]
City Council recognizes National Latino Heritage
By MARIO LOTMORE | Last Updated: September 19, 2019. On September 9, Lynnwood City Councilwoman Ruth Ross presented the proclamation recognizing September 15 – October 15 as National Latino Heritage Month to a full council chamber. According to the American Community Survey 2013-2017, Latinos and Hispanics comprise 13.3% of the Lynnwood population. The proclamation recognized […]
