Overview

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Description

​​​​​​​Lee & Associates is pleased to present 4301 Alderwood Mall Blvd (“4301 Alderwood”), a 1.11-acre land acquisition opportunity in the city center of Lynnwood. Formerly occupied by Buca di Beppo, the site is zoned City Center – Core (CC-C), which allows for a potential development of up to 350’ in height and 483,700 square feet.

4301 Alderwood represents the opportunity to build a transit oriented development of 386,960 square feet of commercial space or more than 400 residential units. Construction of the $2.9 billion Lynnwood Link Extension project is more than 25% complete, and scheduled to deliver in 2024. This timing should ideally coincide with the redevelopment of 4301 Alderwood.

Location

This property is located on Alderwood Mall Blvd, just off the 44th Ave W corridor, less than a mile from the Lynnwood Convention Center. 4301 Alderwood is along the Lynnwood Link Extension, just a short walk from the Lynnwood City Center Station that will be completed in 2024. In addition to the excellent transit accessibility, this site benefits from its close proximity to several high-impact development projects.

​​​​​​​The diverse Northend market is home to a wide range of national, regional and local companies and offers employers access to a talented labor pool, superior transportation infrastructure, flexible commute patterns, and a diverse residential inventory which provides high-end executive housing as well as mid-price-point single and multi-family communities.

Boeing’s dominant presence coupled with the growth of the technology industry in the market has fueled a steady increase in employment and demand for office space. Currently employing 58,800 people in the State of Washington, Boeing announced that it will construct the new 777X line in Everett near its main production facility. A new 1.1 million square foot facility will be constructed in order to house the new production line.

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