Drawing of proposed development. (City of Lynnwood)

Drawing of proposed development. (City of Lynnwood)

Lynnwood council OKs another city center housing development

Among 239 total housing units, Kinect@Lynnwood is set to bring 48 low- to moderate-income dwellings.

LYNNWOOD — Another housing development is coming to Lynnwood’s city center.

Kinect@Lynnwood is a 239-unit housing project slated for Alderwood Mall Boulevard. The city council voted unanimously Monday on a development agreement with the builder, Bellevue-based American Property Development.

“It’s exciting to see so much activity in the city center and see so much of this actually get developed,” council member Ian Cotton said during the meeting.

The 1.6-acre site currently houses a Hertz Car Rental and a closed coffee stand.

Kinect@Lynnwood’s units will range from studios to two-bedroom apartments.

Inside, the development will offer a gym, library, lounge, outdoor recreational area, a courtyard with green space and package pickup and delivery lockers.

Construction is set to start May 1 and is expected to last 20 months, chief investment officer BJ Kuula said Tuesday.

The agreement comes less than a week after a study from a countywide task force showed the housing supply in the county was 90,000 units short of the demand.

At the same time, the area is expecting continued growth as Lynnwood awaits the arrival of the Lynnwood Link, an extension of the light rail system, which is set to open in 2024.

In December, the council OK’d a similar agreement for Northline Village, a development with 1,370 housing units, seven-story office buildings and 170,000 square feet for retail shops, all near incoming light rail.

Unlike Northline Village, Kinect@Lynnwood’s agreement includes affordable housing.

In return, American Property Development will use two incentives the city installed to spur development, the multi-unit housing tax exemption (MFTE) and the transportation impact fee program.

Kinect@Lynnwood is the first project to use the local multi-unit housing property tax exemption, which gives tax breaks to builders.

To qualify, at least 20% of the development must be for low- to moderate-income households. For Kinect@Lynnwood, that would be 48 dwellings.

Low-income households are individuals or families who make less than 80% of the county’s median income — about $70,000 per year or less. Moderate-income households are individuals or families earning between 80% and 115% of the county’s median income — $70,000 to $104,400 per year.

“I appreciate that we’re going to have a first step toward affordable housing,” council member George Hurst said during the meeting. “It’s a moderate step, but it’s a step.”

The transportation impact fee program was enacted in 2010 to attract housing projects in the city center and boost the need for transit in the area. Northline Village, the CityCenter Apartments and Lynnwood Senior Apartments also took part in the program.

Additionally, the city center is located in an opportunity zone, a federal government designation that gives tax breaks to business investors.

“I don’t think we should be naive that the developers aren’t getting a pretty good deal for not a lot of affordable housing,” Hurst said.

Based in Bellevue, American Property Development has built and manages housing developments in Tacoma, Olympia and Puyallup.

Joey Thompson: 425-339-3449; jthompson@heraldnet.com. Twitter: @byjoeythompson.

Talk to us

More in Local News

Lynnwood
Lynnwood police shoot at man during pursuit

The man is wanted on multiple warrants, including one for attempted murder, according to police. No one was hurt.

The “Village of Hope,” a tiny home community including 17 shelters, is set to open on Mission Hill Road in Tulalip in September. (Tulalip Tribes)
Tulalip Tribes to open tiny home village with 17 shelters

It’s called the Village of Hope. Monthly culture nights will feature classes in Lushootseed and “Tulalip cooking.”

Everett
Man shot at Everett apartment

The man in his 30s was shot Sunday night. No arrests had been made.

Arlington Public Works employees use The Big Sidewalk Sucker to lift a concrete panel from the sidewalk. The device saves the city some money and time to level ground below the concrete. (Arlington Public Works)
This thing sucks and helps repair sidewalks in Arlington

Public works crews can remove heavy concrete panels from sidewalks, so the ground underneath can be restored.

New LGI Homes on Thursday, May 12, 2022 in Sultan, Washington. (Olivia Vanni / The Herald)
Red-hot housing market cools, a bit, in Snohomish County

The amount of housing inventory is rising. Demand is slowing. Higher mortgage rates are a cause.

John McKeon stands in front of a mobile headquarters vehicle while discussing the funding needs of Snohomish County Volunteer Search and Rescue on Wednesday, June 22, 2022, at the search and rescue headquarters in Snohomish, Washington. McKeon said a priority for the group is to find money for new covered parking for a number of vehicles that do not have a garage to be parked in. (Ryan Berry / The Herald)
Snohomish County Volunteer Search and Rescue wants rescuing

They’re asking for nearly $1 million in federal recovery dollars, but funding has been hard to come by.

Snohomish County Prosecutor Adam Cornell at the Snohomish County Courthouse on Monday, Nov. 15, 2021 in Everett, Wa. (Olivia Vanni / The Herald)
How to answer Snohomish County’s basic crime questions? ‘Transparent data’

An initiative funded in part by Microsoft could reveal racial disparities, while creating an “apples to apples” database.

Everett Code Enforcement issued a violation citation to the owner of the Grand Apartments building at 2331 Rockefeller Ave., after allegedly finding exposed electrical wiring and evidence of unpermitted electrical and plumbing work. (City of Everett)
Grand Apartments, which saw outcry from tenants, faces code violations

The Everett complex has had its share of issues. Now the city is threatening fines if something isn’t done.

"Shoes are like jeans," says Dominic Ahn, 53, who took over ownership from his parents, who started the store 40 years ago. Photographed in Edmonds, Washington on June 30, 2022. (Kevin Clark / The Herald)
EEEEEE! Edmonds shoe shop sells wide shoes only

The store has over 600 styles of work and play shoes for men and women with feet from D to 8E widths.

Most Read