Hi neighbors,
While a lot of attention recently has focused on public safety and surveillance policy, I wanted to highlight a quieter story that carries real long-term significance. Mountlake Terrace is about to get nearly 120 new affordable homes.
Last week, Sage Investment Group, a Kirkland-based developer, purchased the Studio 6 hotel on Van Ry Boulevard. The location is just a few blocks from the light rail station and the soon-to-open Grocery Outlet. Sage plans to convert the 119-room hotel into affordable studio apartments. Each unit will have a kitchen and bathroom. The property will also include shared amenities such as laundry, a fitness room, and community space. If all goes as planned, the homes could be ready for new residents next year.
