New York-based women-owned real estate development and investment firm MSquared has closed on Kōz on Alderwood, a $54 million, 200-unit, mixed-income, transit-oriented development in the Seattle submarket of Lynnwood, WA. Kōz Development, a women-led development firm, is partnering with MSquared on the project.

“This project is a great representation of MSquared’s approach to inclusive development — mixed-income housing, built in partnership with a women-led developer, on a transit-oriented site with sustainable design,” said MSquared Founder Alicia Glen. 

“We are delighted to announce our partnership with MSquared for this project, as our companies’ missions are impeccably aligned,” added Kōz Development CEO Cathy Reines.

Kōz on Alderwood will include a mix of studio, one- and two-bedroom units and is located near the future site of the Lynnwood Transit Center. Half of the homes will be affordable to households earning up to 80% of Area Median Income and the other half will be market-rate. The project is expected to break ground this spring, with completion slated for late 2025.