October 21, 2014
Move paves way for headquarters expansion
The nation’s second largest retailer is free to expand its headquarters, and it will continue to happen here in Issaquah.
The Issaquah City Council unanimously approved a 30-year development agreement with Costco Oct. 13, giving the company flexibility to add an additional 1.5 million square feet to its international headquarters housed in Pickering Place.
“It’s really a very, very big deal for Issaquah and for Costco,” Issaquah City Councilman Joshua Schaer said at the Oct. 13 meeting. “It ensures that, for years to come, when people around the country and around the world speak of Costco it will be in connection with the words ‘An Issaquah, Washington-based corporation.’”
September 23, 2014
Who will pay for a Costco expansion? That question has nearby business and property owners concerned.
Business and property owners have concerns about how proposed Costco growth might affect northern Issaquah, and about who pays for parts of the project.
In its Sept. 15 regular meeting, the Issaquah City Council held a public hearing regarding the draft agreement that has made its way through the Development Services Department in the past several months.
December 31, 2013
Many questions surround discussions about a huge Issaquah Highlands development that city officials hope will bring a high-tech college campus to the parcel.
Economic Development Director Keith Niven introduced a draft development agreement between Issaquah and Polygon Northwest to the City Council Land and Shore Committee at its Dec. 10 meeting. The committee voted to recommend to the full council that the administration proceed with negotiating a new development agreement, but did not reach the decision unanimously.
Microsoft sold its 63-acre Issaquah Highlands property to Polygon Northwest in October.
December 10, 2013
An educational institution might replace the vision of an Issaquah Highlands Microsoft campus.
The city will begin the process of establishing a development agreement with the new landowner, Polygon Northwest, in the coming weeks. Microsoft sold the 63-acre parcel in October for an undisclosed amount. In the meantime, Issaquah Economic Development Director Keith Niven gave a view of what the city hopes to see in the final document.
“That land would allow for a lot of different things to happen, including residential,” Niven said, explaining what the aim is for the final deal. “We’re just trying to work towards where they can build what they want and the city can work to find an employment hub up in the highlands.”
September 24, 2013
Economic Development Director Keith Niven presented a revised Swedish Hospital development agreement to the City Council Land & Shore Committee Sept. 10.
Over the past six months, the city has worked with the hospital on an agreement for Swedish to expand into the 10 acres north of its existing location. Specifically, Swedish wishes to include a number of medical-related service providers, such as physical therapists and additional staff offices within the proposed development. In the draft agreement, the hospital also included a number of sky bridges it would build, connecting the buildings.
Because the Issaquah Highlands’ development agreement expires in 2017, it may not be enough time for Swedish to build the project. The city has moved quickly to come up with a new contract.
Niven said that the council hoped to approve the agreement by the end of October. The revised agreement can be viewed at http://bit.ly/1gTCE4F.