An artist’s rendering shows a planned 18-story apartment building in Lynnwood, which would be the second-tallest structure in Snohomish County. (Cosmos Development)

An artist’s rendering shows a planned 18-story apartment building in Lynnwood, which would be the second-tallest structure in Snohomish County. (Cosmos Development)

Developer proposes an 18-story building in Lynnwood

It would be the second-tallest in the county and include apartments with retail space.

LYNNWOOD — A Bellevue developer has proposed constructing an 18-story apartment building, which would be the second-tallest structure in Snohomish County.

Cosmos Development has submitted plans for the 532,640-square-foot building across the street from Alderwood mall. The building would be 187 feet tall, trailing only Providence Regional Medical Center Everett, which stands at 197 feet tall.

The mixed-use building includes one level of parking below ground, commercial space on the ground floor and 16 floors with 349 apartments. Those apartments would range in size from one to three bedrooms.

The building is proposed to be built at 18631 Alderwood Mall Parkway next to the Toys R Us store. The site had been occupied by a three-story medical office, which was demolished earlier this month.

Cosmos would like to start construction next year and be finished 18 months to two years later, said Oscar Del Moro, principal with the company.

“There’s a lot of land and a lot of parking lots” in Lynnwood, Del Moro said. “We’re trying to bring a more urban environment to the area. Everybody has been planning for this for a long time. We’re taking the first step.”

In 2002, Cosmos built a 200,000-square-foot office building in Lynnwood at 1920 33rd Ave. W. His firm also built the office building that houses Mountlake Terrace City Hall. The firm, which opened in 1986, has built mixed-use, urban developments in cities such as Seattle, Bellevue, Renton and other places around the Puget Sound area.

The city of Lynnwood has been planning to funnel high density development into the area around Alderwood mall as well as into the City Center area a mile south of the mall, and along Highway 99, said Todd Hall, the city planning manager.

Hall said that there are several transit options planned near this particular area, including a light rail station, which is expected to be built during the Lynnwood to Everett extension. He said the project proposal will be reviewed by staff and doesn’t have to go before the city planning commission.

Del Moro said that his firm has owned the land — 1.87 acres — for years and has been eyeing redevelopment for the site. He said the apartment building will be tall and slender. Its location near transit, across the street from the Alderwood mall and near I-5 and Highway 405, makes it ideal.

Snohomish County’s population is nearing 800,000. The county has added 100,000 since 2007, or a little less than the population of Everett.

Lynnwood is ready for this type of development, Del Moro said.

“We’re trying to make a 24-hour city,” he said.

He said he doesn’t feel like Snohomish County is being oversaturated with apartments.

“We’re comfortable that we’re hitting the right market at the right spot,” Del Moro said.

Jim Davis: jdavis @heraldnet.com; 425-339-3097; @HBJnews.

Talk to us

More in Herald Business Journal

County lost 100 aerospace manufacturing jobs in June

At 6.1%, Snohomish County has the sixth-highest unemployment rate in Washington.

The growing business district along 172nd Street NE in Arlington, looking west toward I-5. At lower left is the construction site of the new Amazon fulfillment center. (Chuck Taylor / The Herald)
Marysville-Arlington road improvements won’t happen at once

Traffic improvement projects near the Cascade Industrial Center will take shape over the next decade.

A line of Southwest Air Boeing 737 jets are parked near the company's production plant while being stored at Paine Field Friday, April 23, 2021, in Everett, Wash. Boeing reported its first quarterly profit since 2019 and revenue topped expectations, as the giant aircraft maker tries to dig out from the most difficult stretch in its history. Boeing said Wednesday, July 28, 2021, that it earned $567 million in the second quarter, compared with a $2.4 billion loss a year ago. (AP Photo/Elaine Thompson)
Boeing, for first time since 2019, has a profitable quarter

The earnings hint at a potential turnaround after one of the worst financial crises in the company’s history.

About 4,000 Snohomish County tenants approved for rent help

While some eviction restrictions have eased, it’s unclear what the effect will be here.

FILE - In this June 18, 2015, file photo, an Airbus A380 takes off for its demonstration flight at the Paris Air Show in Le Bourget airport, north of Paris. European planemaker Airbus reports that it made 1.87 billion euros profit in the second quarter. That's a relief after a loss in the same quarter a year ago during the depths of the pandemic shutdowns and travel restrictions. (AP Photo/Francois Mori, File)
Airbus, Boeing rivalry is back on as sales campaigns pick up

The improving outlook comes amid a travel reopening that’s gathering pace in some key markets.

Festive seafood specialties, modern delicacies with a beautiful presentation on the plate. Delicious dish - tender fish meat, with greens, lemon and vegetables. Cartoon vector.
You voted: The best seafood in Snohomish County

Even during a pandemic, people have their favorites

File - In this Sept. 24, 2014 file photo, smoke hangs over Reno-Tahoe International Airport as a plane takes off in Reno, Nev. A shortage of jet fuel, coupled with supply chain issues and an urgent demand from firefighting aircraft, continues to cause problems at airports around the West. In Nevada, state and federal lawmakers said they are investigating a possible shortage of jet fuel that could delay cargo delivery and passenger travel at Reno-Tahoe International Airport in the coming days. (AP Photo/Martha Irvine, File)
Airports in the US West dealing with shortage of jet fuel

Supply chain issues and an urgent demand from firefighting aircraft have combined to cause problems.

sandwich with ham, tomatoes, lettuce and toast isolated on white background, healthy breakfast, lunch
You voted: The best darn sandwich in Snohomish County

Even during a pandemic, people have their favorites

FILE - In this Aug. 26, 2019, file photo, Washington Attorney General Bob Ferguson speaks at a news conference in Seattle. Washington state sued Johnson & Johnson on Thursday, Jan. 2, 2020, claiming the company was negligent when it used deceptive marketing to say the drugs were effective for treating pain and were unlikely to cause addiction. The lawsuit filed Thursday says the company that supplies raw materials used to make opiates drove the pharmaceutical industry to recklessly expand the production of the drugs. (AP Photo/Ted S. Warren, File)
Washington AG rejects opioids settlement, wants trial

The proposal would pay Washington about $527.5 million over 18 years if cities and counties opt in.

This photo provided by Blue Origin,   Jeff Bezos, founder of Amazon and space tourism company Blue Origin, exits the  Blue Origin's New Shepard capsule after it parachuted safely down to the launch area with passengers Mark Bezos, Oliver Daemen and Wally Funk, near Van Horn, Texas, Tuesday, July 20, 2021.  (Blue Origin via AP)
Blue Origin’s Bezos reaches space on 1st passenger flight

The Amazon founder is the second billionaire in just over a week to ride his own spacecraft.

The first flight for United Airlines servicing Paine Field taxis to the gate on March 31, 2019. (Kevin Clark / Herald file)
Come October, United Airlines will discontinue flights at Paine Field

The airline is one of two commercial carriers at the Everett airport. United flies to Denver.