New Everett farmers market anchors larger project

EVERETT — If all goes as planned, Everett should have its own indoor, year-round farmers market as early as summer 2014.

Products at the farmers market are likely to include fruits and vegetables, meats and fish, milk, cheese, yogurt and ice cream, as well as fresh-cut and dried flowers, local honey, soaps, beer and wine.

The market is part of a larger development on Grand Avenue with 220 apartments and underground parking. The development includes a 115-room Hampton Inn &Suites hotel that will face West Marine View Drive.

“This is an incredible project,” said Lanie McMullin, the city’s economic development director. “It supplies much needed downtown housing. The more residents downtown, the more everything downtown: the more services, restaurants, wine bars and retail.”

The 60,000-square-foot agriculture center would go far beyond fresh veggies. Fresh crops could be turned into products on site at a commercial kitchen and processing facility.

The commercial kitchen would serve as a job incubator, helping entrepreneurs get started making value-added products such as tamales and selling them on the spot without the expensive investment of a full storefront, McMullin said.

The market also would function as a distribution center, allowing farmers to more easily ship produce to Seattle restaurants and other customers.

The market could give downtown Everett a boost by drawing shoppers and getting a nucleus of people living in the area. The project also calls for restaurants, and the layout of the market should allow for special events such as fundraisers.

“People would have a place to walk to downtown,” McMullin said. “They can sit and listen to buskers, eat something, get a cup of coffee.”

Developer Lobsang Dargey of Dargey Enterprises is paying for the project using private investment money. No public money is being used to build or operate the market.

The developer will get a tax break from the city because the project qualifies for a multiple housing tax exemption meant to encourage that type of development downtown.

Dargey is the same developer behind Potala Village, one block southeast on the corner of Rucker and Pacific avenues. Potala Village includes apartments above street-level retail and restaurant space.

The farmers market development includes apartments that are on average 800 to 850 square feet, Dargey said. Inside, the apartments will be outfitted with what he called “condo-grade” amenities such as granite countertops and stainless steel appliances. Tenants of the building would have access to a conference room, fitness room and recreation area.

Outside the market, the developer plans a 4,000-square-foot public plaza at the main entrance, according to plans filed with the city of Everett.

A rooftop garden is planned and below the street-level market, the developer plans two levels of parking, including 229 parking spots for residents and 86 more for the public.

The Herald Business Journal

You’ll find much more business news from The Herald Business Journal on the Web at www.theheraldbusinessjournal.com.

More in Herald Business Journal

Bond sale reveals Paine Field terminal cost is about $40M

Propeller Airports, which is building on land leased from the county, raised the money in February.

Explosive decompression at 32,500 feet. What happens?

Expect a violent windstorm where the pressurized air inside the passenger cabin rushes out.

Will activism in high school hurt your college chances?

By Anna Helhoski / NerdWallet Students risked disciplinary action at nearly 3,000… Continue reading

How new tax rules on home-equity loans affect you

To deduct interest, the money must be used for the property that the loan is secured against.

Giant power storage ‘batteries’ show promise

The systems could reduce the impact of power outages, whether they’re caused by storms or hackers.

This is one trend that’s come back around

On Record Store Day, old-fashioned vinyl is more popular than ever.

County planners seek denial of Woodway-area luxury condos

Concerns remain over design and traffic plans for the 3,081-unit development at Point Wells.

FAA orders more engine inspections after Southwest accident

The agency is requiring inspections of hundreds of jet engines like the one that blew apart this week.

Audit clears Facebook despite Cambridge Analytica leaks

The heavily redacted audit by PricewaterhouseCoopers is available on the FTC’s website.

Most Read