As a member of the local, state and national Association of Realtors, there is a lot of information to keep up on all the time. Some of the items include local news and updates on what is happening throughout the region. One thing I look for in particular is news on zoning changes, and opportunities for density within existing city borders. Part of my interest lies in knowing where hot new neighborhoods might rise up and to keep abreast of new development news for our investor clients.
In a recent news update from
Mountlake Terrace Increasing Density
The Mountlake Terrace City Council voted 5-2 in favor of a package of housing alternatives to be used in an overlay zone in the new downtown area. Included in the package are reduced minimum lot sizes, options for cottage housing development, and provisions for 4- story multifamily units. REALTORS® serve on the Mountlake Terrace City Council and on the Planning Commission, which studied housing issues and made recommendations “for amending zoning text and maps to allow for new housing choices.”
Having noted recently that there are townhomes and cottage style housing coming into areas that have till recently been dominated by cement cinderblock single story homes, it will be an economic shot in the arm to those neighborhoods that have been ripe for redevelopment.
