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Alderwoodparkway Plaza Alderwood Parkway Plaza LYNNWOOD, WA SEATTLE PREMIUM OUTLETS North Seattle’s TR ADE AREA Superior AccessDestination of Choice PUGET SOUND With its location at the intersection of I-5 and I-405, Alderwood is perfectly positioned to draw trade area Sets Alderwood Apart 4055 I - 5: 167, 5 8 0 A A DT residents. Estimated average daily vehicle traffic at the With its location at the intersection of I-5 and I-405, intersection is 167,580 on I-5 and 131,000 on I-405. EVERETT MALL Alderwood is perfectly positioned to draw area residents. Estimated average daily vehicle traffic at the intersection is 167,580 on I-5 and 131,000 on I-405. 2 ALDERWOOD I - 4 0 5: 131,0 0 0 A A DT 405405 THE VILLAGE AT TOTEM LAKE REDMOND TOWN CENTER UNIVERSITY VILLAGE SEATTLE BELLEVUE BELLEVUE SQUARE THE SHOPS AT THE BR AVERN PACIFIC PLACE Located directly off I-5 at the high-traffic intersection of Alderwood Mall Pkwy and WA-524, Alderwood Parkway Plaza Alderwood Parkway Plaza is a dominant power center in Lynnwood which has one of the largest concentrations of retailers in the region. I-5 64,000 ADT 525 Cost Plus World Market Costco Target 405 H Mart 123,000 ADT Regal Alderwood Alderwood Mall Kohls Nordstrom Home Goods Macy’s Ross JCPenney Rite Aid AMC Lowes Theater 19 ,0 24 A DT Pending Lease Alderwood Parkway Plaza I-5 David’s Bridal Micheals Best Buy Available Petco Old Navy Ethan Allen Pending Lease Ulta Available Nordstrom Rack DT Bed Bath & Beyond Barnes A & Noble 0 Staples Jared Pending Lease 00 8, 19 Whole Foods 21,334 ADT 524 Lowes 21,400 ADT I-5 Alderwood Parkway Plaza serves a rapidly growing and affluent trade area perfectly positioned within Alderwood Parkway Plaza this accessible and super regional destination of Snohomish County. The redevelopment at Alderwood Mall is set to open in 2021 and the new light rail station will open in 2024. PRIMED FOR GROWTH 525 I-5 63,241 RESIDENTIAL POPULATION within 8 Miles 99 4 LYNNWOOD PLACE 73,211 COSMOS PROJECT 405 ESTIMATED 2024 POPULATION ALDERWOOD 2 within 8 Miles MALL 3 ALDERWOOD MIXED-USE Source: Esri 2020 REDEVELOPMENT 1 Lynnwood City Center Link Extension MERLONE GEIER DEVELOPMENT 99 5 524 SITE 524 I-5 This new transit option will provide area 524 524 residents with a 28-minute commute to 1 downtown when it opens in 2024. Projected LYNNWOOD LINK LIGHTRAIL EXTENSION ridership is between 47,000 and 55,000 by 2026. Lynnwood Place, Home Depot, and 2 Cosmos Development Project 3 Alderwood Mixed-Use Redevelopment 4 Costco Wholesale 5 Merlone Geier Development This new mixed-use development is directly This new addition to Alderwood will include This new mixed-use development is located Northline Village will replace what is now east of Alderwood and comprises over 330 100,000 square feet of retail and restaurant adjacent from Alderwood and will provide the Lynnwood Square at 196th & 44th Ave W. residential units and commercial space. The space and over 350 residential units. The area with a Home Depot, Costco Wholesale, It will be transformed into a transit hub development is set to open in 2024. redevelopment is set to open in 2021. and over 500 residential units. The develop- with more than 2M SF of restaurants, re- ment is set to open in 2021. tail, residential, parks, and entertainment. AlderwoodAlderwood Parkway Parkway Plaza Retail 99 64,000 ADT 525 UNDER CONSTRUCTION Lynnwood Place I-5 ALDERWOOD CROSSING H MART PLAZA ALDERWOOD NORTH CENTER ALDERWOOD MALL 160 Retailers, Restaurants, and Entertainment UNDER CONSTRUCTION Sears Redevelopment & Avalon Alderwood 405 35,000 ADT 123,000 ADT ALDERWOOD PLAZA PLANNED DEVELOPMENT Cosmos ALDERWOOD EAST PLANNED DEVELOPMENT SHOPPING CENTER Business Center Merlone Geier | Northline Village James Village Shopping Center ALDERWOOD PARKWAY Lynnwood RETAIL CENTER City Center ALDERWOOD PARKWAY PLAZA ALDERWOOD TOWNE CENTER 198,000 ADT 525 FUTURE LYNNWOOD CITY CENTER 99 LIGHT RAIL Lynnwood Center 2024 DELIVERY Projected Ridership Lynnwood Crossroads 47K - 55K by 2026 I-5 KEY PROPOSED KINECT @ Lynnwood Future Light Rail Development Projects 239 Units Residential 2022 Delivery N City Center District City Center Alderwood Parkway Retail 14,354 SF 14,301 SF 45,571 SF HAMPTON INN & SUITES 135 ROOMS (NOT A PART) Y A EEW R F TENANT A TENANT B I-5 4,045 SF 4,045 SF Y W 25,636 SF HOLIDAY INN K (NOT A PART) P L L 35,792 SF 14,957 SF MA D 9,833 SF WOO 24,631 SF E L F R F F S S S PENDING LEASE AB E F L S 22,905 SF 39,480 SF D 1,254 AI 1 13,257 11,395 L 5,894 AV A 196TH ST SW (NOT A PART) Demographics Alderwood Located at the intersection of highways I-5 and 405, Lynnwood is the commercial Parkway Plaza center and “hub city” of the fast growing Snohomish County trade area with an average household income of over $114K and a population of over 219K. 8 MIN DRIVE 10 MIN DRIVE 12 MIN DRIVE 2019 TOTAL POPULATION: 63,241 132,591 219,210 2024 ESTIMATED POPULATION: 73,211 147,866 240,613 2019 HOUSEHOLDS: 23,509 50,645 84,753 2024 EST. HOUSEHOLDS: 28,621 57,718 94,137 2019 DAYTIME POPULATION: 59,107 115,539 188,357 AVERAGE HOUSEHOLD INCOME: $98,878 $95,526 $114,372 Maria Royer Andrew Miller Katie Parsons Waters Principal Senior Vice President Senior Associate Broker Alderwood Parkway Plaza 206-464-0600 206-464-0600 206-464-0600 LYNNWOOD, WA [email protected] [email protected] [email protected].
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