Downtown Subarea Plan

Posted by City of Lakewood, WA

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Development District

Development Opportunity

District Description

300 acre Central Business District. We're creating a downtown with mixed use, higher density, a central park, green street loop, festival street, and a new form based code. A planned action ordinance and complete environmental are included in the plan.

Fee Schedule

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Planning & Policy Documents / Request for Proposals (RFP)

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Technical/Environmental Studies

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Financial/Economic Reports

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General/Comprehensive Plan Designation

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Master Plan/Specific Plan

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Zoning Designation

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Height Limits

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Floor to Area Ratio (FAR)

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Dwelling Units per Acre

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Parking Requirement

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Other Requirement

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Environmental Approval / Status

SEPA will have already been completed

Zoned for Preferred Outcomes

creating a unified look and feel

Political Support

County approved

Fast Track Approval

priority and predictable permitting

Other Incentives

No development impact fees; no local business & occupation tax; no added minimum wage beyond state requirement

Tax Credit

multifamily tax exemption for 8 years on market rate and 12 years if the project includes at least 20% low income.

Costs

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Infrastructure

City funded streets and a portion of the improvements

Private Investment

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Local Development Trends & Market Indicators

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Contact Rebecca Newton

Rebecca, from City of Lakewood, WA, has more details.

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Created on June 18th, 2018 (last updated 6 months ago)