Planning continues for Rowley Properties land
December 11, 2012
By Warren Kagarise
The proposed development agreement between the city and Lakeside Industries is the latest long-term pact involving a major landowner.
In a landmark decision late last year, City Council members approved a 30-year agreement between the city and longtime Issaquah developer Rowley Properties to overhaul almost 80 acres along Interstate 90 and state Route 900.
The council agreed to allow buildings up to 150 feet tall and mixed-use development on up to 4.4 million square feet in Hyla Crossing and Rowley Center.
The landowner, in turn, is required to pay for transportation upgrades, affordable housing construction, Tibbetts Creek restoration efforts and storm-water system improvements.
Kristi Tripple, Rowley Properties community development executive, said the company is at work on plans to redevelop the land but could not reveal details.
“We are exploring the potential of a project right now and we’re conducting our due diligence on it,” she said. “We’re hoping that in the next couple of months that we can make a formal announcement. We’re really excited to get going on what we committed to doing for the community.”
City leaders said the potential for change in Hyla Crossing and Rowley Center offered a rare opportunity to reshape Issaquah as the city prepares to implement the Central Issaquah Plan — a document to guide redevelopment from strip malls and low-rise office buildings to a taller neighborhood meant for businesses and residences.
“The good news is, we planned the development agreement so that it could be successful even if, for some reason, the CIP was not successful moving forward,” Tripple said.