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City Closes on 23-Acre Land Acquisition

MONROE, WA-The City of Monroe closed escrow this week on 23 acres four blocks north of its Downtown core that city administrator Jim Southworth tells GlobeSt.com will be combined with another 41 acres it owns in the same area and used for a new regional commercial center.

By Brian K. Miller | Updated on April 27, 2005

MONROE, WA-The City of Monroe this week closed on its acquisition of 23 acres located north of Highway 2. City administrator Jim Southworth tells GlobeSt.com the city will combine the property with other land it owns in the area for development of a new mixed-use town center and regional commercial center. The city acquired the former gravel quarry from Snohomish County for $16.1 million. The property is bordered on the north and east by North Kelsey Street and Chain Lake Road and is contiguous with another 11 acres already owned by the city. In addition, the city owns anther 30 acres on the north side of North Kelsey Street. All of the land is zoned commercial and its development is bound by a development plan and design guidelines for the North Kelsey area that was adopted by the city council in 2003.The city is now in the process of negotiating a contract with a broker for marketing services. “This is the only place around with this kind of contiguous acreage,” Southworth says. “I think we will seek development proposals; we may break it up into two areas, the 35 acres north of Kelsey and the 30 acres south of Kelsey.” The city’s development plan suggests a mix of uses, including office, housing and retail. Generally speaking, the acreage north of Kelsey would be used for office space and the area south of Kelsey would be used for residential and retail space. As far as specific development proposals, Southworth says a big box home improvement retailer has been in conversations with the city. “We have an old Downtown that is very small” and so the local dollars end up being spent in commercial areas outside the city limits, he says. “By developing the North Kelsey area into a commercial center, we recapture some of that leakage.”

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