Developer close to a deal for a new tenant at the old Lynnwood HS site

A major tenant may be moving in to the old Lynnwood High School site across from Alderwood Mall. We just don’t know who yet.

Marla Miller, executive director of the Edmonds School District, told me the developer, Cypress Equities, is negotiating with a major tenant, and the district is in the midst of securing appraisals. She wouldn’t share any details beyond that. More information should be revealed in about two weeks.

Cypress’ original plans called for a mixed-use development of retail, restaurants, a theater, a grocery store, condos and a hotel, although those plans may have changed due to the economic slump. Construction was expected to begin in 2009 but was delayed while the developer looked for tenants.

The Edmonds School District is leasing the 40-acre site to Cypress Equities. The old athletic complex is expected to be torn down to make way for the development, known as Lynnwood Crossing.

  1. park setting for public use…retail stores…condos??? nah don't need the additional traffic…

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