Lake Stevens Development Agreement
Mixed-Use
Lake Stevens

- Client
- Ridgeline Properties
- Project Date
- March 2017
- Total Acreage
- 22.11 Acres
- Number of Parcels
- 6
The rapidly growing community of Lake Stevens has devoted substantial attention towards the revitalization and expansion of its downtown core. A large area of undeveloped land adjacent to downtown was sold by the City to our client for the development of a Master Development Plan. Since the site will be developed in phases, LDC assisted the client with the creation of a development agreement for the entire site which locked in development standards to provide consistency as the site is built out. The assurance of consistent standards provides predictability for design and permitting of project phases and facilitated the marketing of the project to additional investors. The development agreement was approved by the City of Lake Stevens in February of 2017 and the multi-phase project is now in permitting.