Project Update: Terrace Station, Building 1

The first building of the Terrace Station Transit Oriented Development in Mountlake Terrace topped out last week.

Standing six stories high, the 470,000 square foot mixed-use building is comprised of 258 residential units, two levels of underground parking, and 60,000 square feet of ground floor commercial space. The retail space is 100% pre-leased to a world class fitness operator and a premier childcare facility

The yet-to-be-named building is the first of a planned three phase development on the 14 acre site and is due for completion later next year.

The completed development will bring 600 residential units and 80,000 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.