STANWOOD – As developer Sol Baron watches construction crews finish 54 new condominiums at Stanwood-Camano Village, he already is planning his next project – a 44-unit upscale apartment complex next door.
Baron, president of Lindstrom Development Group, said work on the $9 million Village Square apartment complex will begin this fall. He’s still securing financing and permits.
In addition to the apartments, the five-story complex will contain ground-floor space for retail businesses, much like the Village Commons condominiums. At Village Commons, which is scheduled to be completed in October, nearly half the luxury condo units have already been sold.
“The success of that project got us interested in providing more housing,” Baron said, noting that much of the “tremendous growth” in and around Stanwood has focused on single-family homes. “But there’s a lot of people who have moved up here or are continuing to live here who want other options.”
Village Square, which could open by fall 2006, will not be targeted for the first-time renter looking for a cheap place to stay. Instead, Baron said, the developers are aiming at empty-nesters – older parents with grown children who are looking to move from a large house into something more manageable.
Each unit will have one or two bedrooms, plus a den, and range from 750 square feet to more than 1,100 square feet. Amenities include high ceilings, large windows, gas fireplaces, big kitchens and walk-in closets. A gated and covered parking area and large common spaces for residents are planned.
Baron did not provide rental rates, but said they will be above average because of the amenities.
Designs NW, which designed Village Commons, also is designing Village Square. The two projects are expected to share the same builder, Compass Construction.
Both Village Square and Village Commons are within the 55-acre Stanwood-Camano Village, which includes a movie theater, Haggen supermarket, assisted living center, fitness club and dozens of restaurants and small shops. A new Bartell drugstore is preparing to open there as well.
Reporter Eric Fetters: 425-339-3453 or fetters@heraldnet.com.
Designs Northwest Architects
The planned Village Square apartment complex in Stanwood will be in the same area as a condominium development by the same developer, Village Commons.
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