While much of the city’s attention has been focused on the Costco-anchored Lynnwood Place project on the old Lynnwood High School site, another major retail project is steadily moving forward.
The Lynnwood Crossroads Shopping Center has nine tenants signed, including anchor-tenant LA Fitness. The center, located at the southwest corner of 196th Street Southwest and Highway 99, encompasses 123,000 square feet of retail space.
Other retailers include Starbucks, Five Guys Burgers and Fries, Best Sushi and Teriyaki, Qdoba Mexican Grill, Verizon, Great Clips, Yogurtland and Hop Jack’s (a restaurant and bar).
“I think the first tenant (LA Fitness) should open at the beginning or middle of November,” said William Daniels of Sterling Realty Organization (SRO), the property owner.
Daniels expects the 12.5-acre complex to ultimately house 15 retailers. The overall improving economy in the Northwest has helped with the leasing of the retail spaces, Daniels said.
As far as what sets Lynnwood Crossroads apart from the other retail shopping complexes, Daniels said, it’s the “location, design and tenants.”
Work on the project, including the demolition of the remaining buildings, started in September 2012. The general contractor, Robertson & Olsen, have kept the project on schedule.
SRO has owned the property for more than 50 years. Originally, SRO built and operated a theater called the Lynn Twin on the property in the early 1960s. The theater later was expanded to four screens and renamed the Lynn 4 Theater.
Through the years, SRO continued to purchase the neighboring properties until approximately 12.5 acres were assembled and became ready for the construction of a retail complex.