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Seattle & Northwest  + Seattle  + Apartments  |  October 27, 2021
4301 Alderwood, Lynnwood
Lisa Brown
By: Lisa Brown

Former Buca di Beppo Site Could be Developed up to 350 Feet

A former restaurant location on 1.11 acres at 4301 Alderwood in Lynnwood recently sold to Koz Development for $5.5 million. Formerly occupied by Buca di Beppo, the site is zoned City Center-Core (CC-C), which allows for a potential commercial or residential development of up to 350 feet high.

The site is a short walk from the planned Lynnwood City Center station. In addition to transit accessibility, this site benefits from its proximity to several high-impact development projects. Snohomish-based transit-oriented developer Koz Development was keen to develop a midrise apartment building with ground-level retail.

“Investor interest in transit-oriented development sites in the region is at an all-time high. As the Lynnwood area continues to transform, we’re excited to see the completed project at 4301 Alderwood,” notes Alex Muir of Lee & Associates.

The Lee & Associates capital markets team of Muir, Stuart Williams, Adrienne Hunter and Elizabeth Schalka facilitated the transaction.

Read More News Stories About: Lee & Associates
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Inside The Story

Alex Muir

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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  • ◦Sale/Acquisition
  • ◦Development
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