Project Completion & Updates at Terrace Station

Terrace Station, a 14-acre three-phased mixed use development in Mountlake Terrace, has changed the view along I-5 in Mountlake Terrace.

Constructed alongside Lynnwood’s Link light rail, Building 1 was completed in December.

Standing six stories high, the 470,000 square foot mixed-use Building 1 is comprised of 258 residential units, two levels of underground parking, and 60,000 square feet of ground floor commercial space. Evergreen Academy occupies 18,000 square feet of the retail space, providing private education services for up to 273 children.

Van Ry Boulevard, a new public roadway connects the Main Street Project to the Gateway Plaza retail area at 236th, next to the Sound Transit Mountlake Terrace Light Rail Station and I-5, southwards to 244th Street SW. The road’s grand opening to the public was held January 22.

Photo from the City of Mountlake Terrace

Breaking ground last fall, Building 2 is currently under construction. The 168 unit, six story mixed use building will also include a mix of studio, open single, one, two and three bedroom units, some with private balconies. Rooftop amenities will include an outdoor turf play area, dog run, and an outdoor terrace with community BBQs on raised pavers. The residential lobby will have the leasing office, lounge and mail room, with the first residential floor including clubroom, fitness, and private workout and conference rooms. The ground floor features up to eight individual retail spaces totaling 16,000 square feet, and the south retail features a 1,600 square foot outdoor patio. The building will have one below grade parking garage.

VEER’s rendering of Building 2

Building 2 is due for completion Q1 2022.

The completed development will bring over 600 residential units and 89,000 square feet of commercial space to the city, all in close proximity to I-5 and the Mountlake Terrace Transit Station, which will see light rail service beginning in 2024.

Building 2 Project Team includes:
Lake Union Partners (Co Owner/Developer)
Rainier Pacific Properties (Co Owner/Developer)
Sierra Construction (General Contractor)
VEER Architects (Architect)
PACE Engineering (Civil & Landscape)
Vida Design (Interiors)