Monday, March 28, 2011
Last year, the Alon Group planned to build a new urban community at Point Wells in Snohomish County, just north of Shoreline. Point Wells has long been a storage tank site and transfer facility for petroleum, but was purchased by the Alan Group in 2005. In 2010, the group proposed transforming the Point Wells site into a new, self-sustaining community. Now, the Alon Group is facing a lot of opposition from the surrounding residents who are unhappy with the plans to create new residential streets and high-rise buildings near to their currently ‘quiet’ communities. Shraga Biran, founder of Alon Group, believes the site has too much potential as a waterfront community to leave it alone. The project has a big price tag, with over $30 million dedicated to environmental clean-up. The total costs are even higher, with a planned 3,000 condominiums and 100,000 sf of retail. Early this month, the project application will be assessed for environmental impacts, a process that could take 2 years. For more information on the Point Wells project, please visit their official website.