I have news alerts for Lynnwood set up via Google. Today one came through that didn’t seem too significant at first glance “Lynnwood auto site sells for $13 Million.” But a quick glance made me see that there was something a bit deeper, more important…well, at least for me. The address looked very familiar: 18624 Highway 99, Lynnwood. It’s really close to my house and I just knew I’d see that address before. Well, a few years ago, it was a proposed site for low-income apartments: The Evergreen Village. This was a 231 unit complex expected to start construction in 2016. That never happened. Seeing the sale, though, made me take a deeper dive.
I’m not sure what stalled the project, but I see that that TCG Investments, the owners of the property who had proposed the development, sold to a company called Swickard Real Estate Investments back at the end of 2018. Then they sold to another company, Holman Lynnwood RED, LLC. This group looks to be part of the Holman Automotive Group located out of New Jersey.
I would expect, then, that they are planning on developing the site for another auto sales lot. Not at all a unique business in Lynnwood along Highway 99. Backing up against the old Cycle Barn site, where it looks like Sandberg Volvo is parking cars makes me wonder if Sandberg will be expanding into that space. Certain logic there, no? I guess we won’t know until someone finally submits permits on the site (I did check the City of Lynnwood’s permit site today and don’t see anything yet).
