The Lynnwood City Council approved a development agreement with Lynnwood City Center Senior Living Associates Limited Partnership for the City Center exemption of the Transportation Impact Fee earlier this week during its Monday meeting.
The 308 unit development is the first to qualify for the City Center exemption
In order to support Lynnwood City Center redevelopment objectives, the City also provided a streamlined permitting process. Below are the project timelines thus far:
City Center SEPA Planned Action Environmental Review: (Under 2 weeks)
Project Design Review: (Under 2 months)
City Center Transportation Impact Fee Exemption: (Under 1 month for City Council approval)
The project was submitted to the City in May 2013 and construction is anticipated to begin Fall 2013.
The Lynnwood City Center Senior Living development will be located in the City Center-Core zone at 19501 40th Ave. West. The project provides a total of 308 residential units in an eight story building including two levels of underground parking, public plaza space,rooftop gardens, open space, and community rooms.
The development is sponsored by the Senior Housing Assistance Group (SHAG), Pacific Northern Construction Company, Inc., and Steve Smith Development. The project architect is Morgan Design Group, LLC.
Lynnwood City Center is in the only Puget Sound Regional Council (PSRC) Regional Growth Center along Interstate 5 between Seattle’s Northgate area and Everett. City Center will provide new high density development, pedestrian and bicycle connectivity, streets, parks and open spaces. The Lynnwood City Center accommodates new population and employment growth, and is home to the Lynnwood Convention Center and transit opportunities including the Lynnwood Transit Center, expansion plans for Sound Transit’s Light Rail system (Lynnwood Link) and future bus rapid transit. To learn more, visit www.ci.lynnwood.wa.us/CityCenter