Plans for two large developments in downtown Bothell seem to be moving ahead, as a residential and retail center submit demolition applications, and two hotels continue purchase negotiations with the city.
The Puyallup-based Boulevard Place Associates LP owns a plot of land along the Bothell Everett Highway, or the Boulevard, which hosted a former Safeway.
Boulevard Place Associates purchased the nearly two-acre plot for around $3.5 million in 2010, promising to develop it, but the old retail building still remains.
“They’re pursuing that development at the speed that they have chosen,” said Bothell City Manager Bob Stowe.
Boulevard Place Associates plan on constructing a five-story senior residential complex on top of retail businesses on the ground floor as mandated by the city. It could house more than 290 residential units, office and retail space and create around 250 parking slots through an indoor parking garage and exterior parking.
Stowe said the company had submitted a demolition request with the city in October, and in June 2014 they submitted a building permit application with the city. Early project estimates slated construction to begin in 2012, with building anticipated to be finished around around a year-and-a-half later.
Stowe said the city is ready to accommodate development whenever the company decides to begin construction.
“The city stands ready to perform it’s regulatory duties,” he said. “We’d like to get them under vertical development as quickly as possible.”
While there is no set timeline, Stowe said he’s optimistic development could come soon.
“We assume it would be fairly quickly, or at least in the immediate near term,” he said, as demolition permits are quickly processed.
Two hotels are also tentatively slated to set up downtown along Northeast 183rd Street and the Boulevard. They would share common facilities like a pool, lobby and meeting areas but would constitute two separate brands.
Purchase negotiations between the city and hotels are still underway, with Stowe hoping to reach an agreement by the end of the year.
The hotels could have around 190 rooms and a parking garage. They may also lease around 100 parking slots in the new Bothell City Hall parking garage, an agreement which Stowe said will provide the city with long-term revenue.
No solid price estimates are available but Stowe said the land could be sold for upwards of $50-per-square foot.
If the hotels are constructed, city officials said it would bump the number of hotels in the city up to around a dozen.
“Having a hotel or an office is important for having a vibrant downtown during the day,” Stowe said.
If the purchase agreement passes this year, hotel construction could begin as early as next year. No specifics on hotel brands have been released.
Along with these potential developments, the city is planning to begin the second phase of its Boulevard Construction Project, which will add access lanes for bicycles, pedestrians and cars along the Bothell Everett Highway downtown.
The first phase constituted projects like adding lanes in front of McMenamins and Six Oaks Apartments.
City officials hope the $14 million dollar project will be funded through revenue from property sales and grant funds from the Transportation Improvement Board.
“We now believe that we’ll have enough money without any additional taxation to Bothell residents to finish those projects,” Stowe said.
Another issue, one which city officials believe is the next step in attracting businesses downtown has been an ongoing issue.
“We’re still working diligently on obtaining funds from the state so that we can remove the remaining environmental contamination downtown,” Stowe said.
Soil contamination downtown came from dry cleaners, and petroleum products used at the old Northshore School District transportation center near Pop Keeney Stadium.
To date, the city has spent around $7 million dollars cleaning up contaminants, and expect to spend another $4 million, most of which Stowe hopes will come from the state.