Point Wells developer to hold open house in Edmonds July 27

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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.

Point Wells is a 61-acre site located on Puget Sound in the Southwest corner of unincorporated Snohomish County. Developer BSRE Point Wells, LP is proposing a long-term shift from property’s current petroleum operations to development as an urban center under Snohomish County’s new zoning code.

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.

3 COMMENTS

  1. The Shoreline News article appeared to be a press release – with no “other side of the story”. Looks like there’s quite a bit of resistance to this project from people in Richmond Beach, since the only road in or out of this mega-development goes right through their town.

    http://seattletimes.nwsource.com/html/outdoors/2009543348_pointwells27m.html

    Interesting also to note that this little corner of unincorporated Snohomish County may be annexed by Woodway, or by Shoreline, despite the obvious county line issue.

  2. From what I understand so far, no matter who annexes, all access is through Shoreline because of the topography. The huge projected increase in and out of Richmond Beach is going to require a lot of changes to that neighborhood’s roads and traffic patterns — which will actually go all the way up the hill and to Aurora Avenue N and I-5 since all those people need to get out of the area for work, shopping, school, etc. It is also likely to increase traffic through Woodway where it connects to Richmond Beach. And it’s not just access, it’s also fire, emergency response, police, etc. that will have to come from Shoreline. If it ends up being built, there needs to be a way for the people who will be living there in Snohomish County to pay for the services and the road maintenance they’ll be getting from Shoreline.

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