Seattle Best Neighborhoods Featuring Bothell

Seattle Best Neighborhoods Featuring Bothell


If it’s been a while since

you’ve checked out Bothell, you

may not recognize it. Bothell

has delivered more than $150

million in infrastructure and

facility improvements to its downtown,

including shifting a portion of State

Route 522 through town, changing the

landscape of much of the downtown

core, and literally paving the way for

new and future development that will

include hundreds of residential units,

restaurants, stores and hotels. The first

phase of Bothell’s multiyear, multiphase

redevelopment plan is up and running,

and its initial success has surpassed the

city’s expectations.

“In just a few years, we’ve [already]

been able to track $300 million in private

capital from new vertical development

in downtown Bothell,” says Bothell city

manager Bob Stowe. “Our economic projections

were for $650 million in private

capital over a 25-year period.”

One project in the first surge of growth

includes the redevelopment of the old

Anderson School property into a McMenamins

hotel/restaurant/entertainment

center—a project several years in the

making that opened last October. Not far

from downtown is the Village at Beardslee

Crossing, a development that is 75 percent

complete and offers approximately

450 apartments and nearly 50,000 square

feet of commercial space.

In October 2014, the five-story SixOaks building next door was finished,

bringing 203 apartment units atop a restaurant,

a coffee shop and a credit union.

And across the street: a brand-new city

hall complex, with tentative plans for a

pair of hotels to break ground on adjoining

property this year.

Bothell’s resurgence is part of a deliberate

revitalization plan by the city that

started in 2006. City leaders hope the efforts

will only add to what Bothell already

offers: a sizable high-tech and biotech

community; the picturesque Sammamish

River, which flows through its downtown;

and the growing University of Washington

Bothell campus, recently ranked the

36th best college in the nation by Money

magazine.

What would be considered a fair

amount of development for any city of

Bothell’s size (population about 42,000)

is, in fact, only the start of what’s to come.

The city had initially planned to sell all

the property it had acquired for the redevelopment

project to one developer, “but

the recession threw us a curveball,” says

Stowe. The city took it in stride, instead

selling property to multiple developers at

a more measured pace.

Up next: Bothell’s historic Main Street,

which comprises several blocks of established

shops and restaurants just east of the

bulk of the new activity, will be receiving a

face-lift of its own in the coming months.

The Main Street Enhancement project will

preserve the charm of the 100-year-old

district while integrating it with the overall

development of public spaces in the downtown

area. Upgrades include street lighting,

landscaping and wayfinding signage.

Expected to break ground in mid-2016:

a yet to be named specialty grocer and

drugstore that will anchor two separate

40,000-square-foot retail developments.

Other anticipated developments are 100

townhomes and other mixed-use properties,

bringing additional housing, retail

and office space.

In addition to this growth, Bothell

recently received a $6.75 million grant

from the state’s Transportation Improvement

Board, which will allow the city to

continue improvements along Bothell

Way NE, the highway that connects new

developments in west downtown to the

historic east downtown. The Multiway

Boulevard Project is a key component

of the city’s redevelopment plan, and

includes wide sidewalks and tree-lined

medians to provide buffers between

fast-moving vehicles and slower-paced

pedestrians and bicyclists.


Troy Anderson Headshot
Author:
Phone: 206-940-2834
Dated: March 9th 2016
Views: 314
About Troy: ~Married with 2 children ~Turned grey prematurely ~Fetish for all things Apple ~Urban chicken far...

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Team Troy Real Estate Group @ KW Realty
22614 Bothell Everett Hwy
Bothell, WA
206-745-3457
425-481-2864