Our friends at Shoreline Area News report that the developer of a proposed mixed-used community at Point Wells will hold an open house Tuesday, July 27 at the Edmonds Conference Center to share information and seek community comments in conjunction with an anticipated project application submittal to Snohomish County later this year.
Hours for the event are 6:30 to 8 p.m. The Edmonds Conference Center is located at 201 Fourth Avenue North. A second open house is planned for September 23 from 6:30 to 8 p.m. at the Shoreline Conference Center.
BSRE Point Wells is initiating the series of community gatherings and briefings following the recent transfer of the site’s ownership from Paramount of Washington, LLC. Both companies are holdings of the Alon Group, a company operating in the real estate, energy and retail sectors. BSRE Point Wells is affiliated with Blue Square Real Estate Ltd., another Alon company and a major developer of real estate.
BSRE will employ its extensive development resources for the proposed transformation of the site. According to Ze’ev Stein, Chief Executive Officer for Blue Square, the transfer of the property within the Alon group of companies matches the site’s development potential with Blue Square’s expertise in real estate. Shraga Biran, owner of the Alon Group, said the company’s long-term vision is to create a community showcase of restored natural habitats, public amenities and transportation options.
For additional information, see the Shoreline Area News article here.