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Business park planned Land near the Arlington Airport will house 11 different buildings in a project expected to generate up to 2,000 jobs. By Kari Bray Herald Writer
ARLINGTON — A Bellevue developer plans to start work this month on a $100 million business park near the Arlington Municipal Airport.
The city announced Monday evening that GS Venture Partners has purchased the former Northwest Hardwoods and Weyerhaeuser log mill site at 20015 67th Ave. NE. Chris Gayte, the developer behind GS Venture Partners, plans to build up to
1 million square feet of aerospace, manufacturing and industrial work areas in 11 different buildings. The project is called the Gayteway Business Park. BNSF Railway has agreed to add two rail spurs on the 54-acre property for businesses to ship and receive products, Gayte said. The city expects the business park could create up to 2,000
new jobs. That’s based on the square footage of the planned business park divided by the average number of square feet per employee in manufacturing and industrial businesses — roughly 500 square feet per employee, City Administrator Paul Ellis said. See BUSINESS, back page, this section
Visitors preview Potala Place Development intended to add upscale element to downtown Everett
IAN TERRY / THE HERALD
Everett residents Jessica Trigsted (center) and Chattel Wallace look around a two-bedroom apartment being offered for $2,275 a month at an Engage Everett preview event of the Potala Place development Wednesday in Everett. Engage Everett is a public group for residents of the area that meets monthly.
Herald Writer
EVERETT — Local boosters took in the sweeping rooftop views and snapped selfies Wednesday during an open house at Potala Place, a key piece of downtown Everett’s effort to become more upscale. The event-goers rapped their knuckles on the quartz countertops in the model apartments and checked out the vintage arcade games in the community room, where servers offered up mixed drinks made with locally distilled liquor.
The building and retail managers talked about plans for ground-floor retail, which will be anchored by a year-round farmers market and “farm-to-fork” restaurant. “I just want to see it succeed,” said Jeannie Sears, who owns a home interiors boutique a few blocks away. Downtown Everett is shaking off its gritty, hard-luck reputation. “It’s on the cusp,” she said. “Places like this will help.” One man was missing at Wednesday’s soft opening, the man who made it a reality, Lobsang Dargey.
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The Everett-based developer has put tens of millions of dollars into new construction and renovations in the downtown. Much of Potala Place, his latest project, was financed by foreign investors through a federal program — called the EB-5 program — that offers a shortcut to a green card in return for job-creating investments in the U.S. But Dargey allegedly defrauded foreign investors out of millions, according to the U.S. Securities and Exchange Commission. The agency filed a lawsuit against him in late August for securities fraud in U.S. District
Hal on wheels It can sing “Daisy,” too: Electric car maker Tesla Motors says it’s developed a new autopilot system that enables cars to change lanes by themselves (Page A6). Just to be safe, the system will also remind drivers to keep their hands on the steering wheel at all times. Dear Abby. . . .D5 Horoscope . . . B4
Court for Western Washington, and the FBI is investigating the Tibetan-born developer, as well. SEC attorneys have all but called Dargey’s developments a Ponzi scheme. “It increasingly appears that Defendants raised EB-5 funds for a particular project, misappropriated and misused much of the funds raised, and then started new projects to raise new EB-5 investor funds in order to cover the gap in funds” from earlier misuse, SEC attorney Bernard Smyth said in a motion filed late last month.
In fact, this Tesla will be able to do just about anything — except open the pod bay doors. It’s afraid it can’t do that. Orange is the new green: Folks in Corvallis, Oregon, home of Oregon State University, have been marking piles of dog poop with Beaver-orange spray paint,
Lottery . . . . . .A2 Northwest. . . . B1
Obituaries. . . .A5 Opinion. . . . . .A9
Dorms to be built at EvCC The six-story structure will have 120 furnished rooms as well as common areas, a laundry room and a rooftop gathering spot. By Jim Davis The Herald Business Journal
EVERETT — Students could be living in dorms across the street from Everett Community College by next fall. Koz Development of Snohomish plans to start construction next week on an $11 million, sixstory building that could house 120 students. “There’s such great demand for it,” said Cathy Reines, CEO and president of Koz Development. “If you look around most any university in the Puget Sound area and, frankly, across the country, there’s a great demand for affordable, market-rate housing for students.” The building along 10th Street behind Starbucks is planned to have 120 single-occupancy furnished rooms that are all en suite and include kitchenettes. The project will also include common areas for students to gather, a large laundry room area, a rooftop gathering spot — with railings set back from the edge — and an outside courtyard. Koz Development will retain ownership of the building, but will lease it long-term to EvCC, which will in turn lease it to students who want to live within feet of the campus. The project is expected to be complete before fall classes 2016, Reines said. EvCC President David Beyer said the college has long sought to establish housing for students on or near campus. But it’s been difficult for the college to achieve, because college staff have been focused on growing educational programs. To buy land off campus and develop housing takes time and resources the college didn’t have, Beyer said. “The college is excited about the opportunity,” he said. “We appreciate the partnerships we have and we think it’s going to enrich the campus and student life, and the whole region of north Everett.” See DORMS, back page, this section
See POTALA, Page A2
in an effort to make dog owners aware that Rover’s No. 2s harm the environment (Page B1). Beaver fans would surely love to spray some orange on another smelly mess: the Oregon Ducks’ 2015 football season. I’ll have extra honey mustard with that rodent: Short Takes . . .D6 Sports . . . . . . . C1
A man says he found a dead mouse in a sandwich he was served at a Subway in Lincoln City, Oregon (Page A7). Subway officials boxed up the dead-mouse sandwich and arranged for it to be served in prison to the chain’s disgraced former pitchman, Jared Fogle.
— Mark Carlson, Herald staff
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