New condominiums could be on the way for Bothell along State Route 522 in a land sale between the city and Windward Real Estate.
Block A has been marked as surplus property and slated to be sold as part of the ongoing downtown revitalization project.
Bothell City Manager Bob Stowe said the nearly acre-sized property adjacent to Bothell Landing will be turned into 24 condominiums to meet the growing demand for housing in the city.
“There’s a lot of interest for residential housing,” he said.
A representative for Windward Real Estate said it’s too early to comment on specific plans, but said they are in talks with the city. The company is also looking into access points and soil conditions at the property.
If a deal is met, the city could sell the 38,500-square-foot plot for more than $27 per square foot, bringing in more than a $1 million to continue funding for the downtown revitalization plan.
The city has also sold, or is looking to sell, more than ten other plots for development around downtown, including the properties already sold and developed by Six Oaks and McMenamins.
Three large plots near Pop Keeney Stadium could be sold to Main Street Property Group for residential, retail and office stores.
Boulevard Place owns the old Safeway location along State Route 527 and could develop it into 285 senior housing units with office and retail space as well.
Another plot, known as Block EFG on the northeast corner of SR 522 and SR 527, is slated to be developed into a drug store, retain and office spaces, and a plot across SR 527 could be turned into a specialty grocery outlet.
Many property sales and development offers will be presented to the City Council beginning in December, Stowe said.