Skotdal Real Estate plans to build 200 condominiums and apartments along with retail space in a seven-story development on the site of the old Elks Club in Everett during the next year.
The project represents the largest private investment so far in downtown, according to Craig Skotdal, president of the family-owned real estate firm.
He noted the still-unnamed, multimillion-dollar development effectively will double the amount of market-rate housing available downtown, providing a big boost to the city’s goal of encouraging urban living.
Members of the Everett Elks Club agreed in 2004 to sell the property at the corner of Rucker Avenue and California Street on which the organization built its large lodge in the early 1960s. Featuring ballrooms, kitchens, a swimming pool and a gymnasium, the 50,000-square-foot building had become too large for the club, which has grappled with declining membership.
Last year, the Elks announced plans to build a new five-story building with the club’s new lodge, nine condominiums and underground parking at the nearby corner of California and Hoyt Avenue.
Once the Skotdal company takes over ownership of the old Elks Club later this year, construction will start. If all goes according to schedule, the units could be ready at about the same time as the first phase of condos being built on Everett’s waterfront, Skotdal said.
As for how many of the 200 units in the Skotdal project will be condos and how many will be apartments, he said that will depend on the market demand at the time. No price or rental rate range for the units has been set, he said.
Topping out at seven stories at its highest point, the new development’s units will range in size from studios to two-bedroom spaces. It also will be the first new project downtown to feature street-level flats and townhouses with elevated stoops, Skotdal said.
The north end of the development will face the Everett Public Library, and Skotdal Real Estate plans to create a public area with new retail space near the library’s entrance.
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