Lynnwood Public Facilities District will be front and center at the upcoming Council meeting
LYNNWOOD—Voting related to the Lynnwood Public Facilities District (LPFD) will be front and center at the upcoming Monday, October 13, City Council Meeting. The Council will vote on whether to approve a LPFD Master Plan and Development Agreement, a $15 million loan backing for the LPFD, and the construction of roads around the LPFD. To […]
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 […]
