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Intracorp Reaches Milestones on First Snohomish County MF Project
Local residential builder Intracorp announced significant progress on its first Snohomish County multifamily project, Motto Apartments. The 474-unit, two-phase project is located just west of Interstate 5 in Marysville’s Lakewood neighborhood and features 228 units in Phase I, which is actively leasing, and 246 units in Phase II, which will begin construction this spring.
Northwestern Mutual Life is the project lender. When complete, the $150 million project will span nearly 20 acres and will feature a 6,000-square-foot resort-style clubhouse, pool, spa, fitness facility and integrated open space plan. The Phase I and Phase II apartment projects will feature open one-, two-, and three-bedroom homes ranging in size from 614 to 1,221 square feet.
“The north Marysville development story has perhaps been under the radar, but regional job growth has found Marysville — particularly the nearby Cascade Industrial Center, which has recently added thousands of new jobs in high-tech manufacturing, packaging and distribution,” said Intracorp’s Regional President, Paul Bottge.
