Point Wells

Developer files project application for urban center

Snohomish County accepts project application by developer of proposed urban center at Point Wells

Everett, WA— Development of a proposed mixed-use community at Point Wells reached an early milestone today as the site’s owner submitted a project application to Snohomish County in accordance with the Snohomish County Urban Center Code. The application was accepted by Snohomish County planning officials.

BSRE Point Wells, LP is proposing to transform the industrial site into a new community encompassing residential units, commercial and retail spaces, habitat restoration, transit components and new Puget Sound shoreline access opportunities for the public.

Located in the Southwest corner of unincorporated Snohomish County, the 61-acre site currently hosts the Richmond Beach Asphalt Plant and Marine Fuel Terminal operated by Paramount Petroleum Corporation.

The project application contained a wide range of permit applications, conceptual drawings and studies as a precursor to a one to two-year Environmental Impact Statement (EIS) process. This will be followed by site remediation, construction permitting and phased development over 15-20 years.

Proposed plans for the urban center include 3,081 residential units in three villages and a commercial center. Buildings of various heights, with some up to 180-feet, would be located and scaled to minimize view corridor impacts for surrounding neighborhoods.

The redevelopment would provide new public access opportunities and amenities, including access to the 2/3 mile sandy beach and existing pier, a dramatic amphitheater, waterfront boardwalk, plazas and open space.

The proposed plans include inter-modal transportation options, ranging from van pool to a Sounder commuter rail station. Plans include site design elements to minimize trips to and from the new community, linkages to existing and future transit options on SR 99 and I-5, and preliminary mitigation design considerations for the Richmond Beach Road corridor and Richmond Beach Drive.

The new community would showcase sustainable development and living, with LEED-certified sustainable architecture and other components.

BSRE Point Wells is affiliated with Blue Square Real Estate Ltd., a major developer of real estate. It is a holding of the Alon Group, a company operating in the real estate, energy and retail sectors.

For more information on the proposed urban center project at Point Wells, visit www.pointwells.com. Developer of proposed transformation of industrial site at Point Wells files project application for urban center

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Media Contacts:
Mark Wells, for BSRE Point Wells, 206-794-9759
Barry Bartlett, The Bartlett Group, 206-335-4694 or barry@bartlettgrouppr.com