- Economic Development
- A Sound Location For Business
A Sound Location For Business
Located mid-point between Everett and Seattle, Mountlake Terrace provides easy access to many regional attractions as well as local employment centers. Three transit lines provide faster and easier commutes to Seattle and other neighboring cities, as well as the University of Washington, North Seattle College, Shoreline Community College and Edmonds Community College. As the southern gateway to Snohomish County, the fastest growing county in Washington state, Mountlake Terrace will be the first northbound light rail stop in Snohomish County.
The City is investing in new infrastructure such as roads, park improvements, utilities, new and widened sidewalks, bike lanes, street trees, a new City Hall and Police Station addition, Town Center Park Plaza and Gateway Plaza. These improvements will ensure that Mountlake Terrace is well-positioned to facilitate investment and accommodate redevelopment and revitalization opportunities within the City’s Town Center and near the future light rail station.
Mountlake Terrace Infrastructure Advantages
- Adjacent to Interstate 5
- Sound/Community Transit Freeway Bus Station
- Sound Transit Light Rail (Mountlake Terrace Station will open in 2024 and is the first northbound stop in Snohomish County)
- SeaTac Airport (26.9 miles)
- Paine Field Airport (10.3 miles)
Commercial Properties - View Availability and Lease Rates
- ChooseWashingtonState.com. Click on the building icon and insert search preference (i.e., for sale or lease, then office, retail, industrial, etc.) and select more filters and type/choose Mountlake Terrace.
- Economic Alliance Snohomish County. See available commercial properties in Mountlake Terrace. Select Mountlake Terrace from the menu of cities and give our Community & Economic Development Department a call to learn more about a specific property.
About Mountlake Terrace
- No Mountlake Terrace Business & Occupation Tax
- Sound Transit North Link Light Rail and Gateway Plaza
- Washington State Incentives
• No corporate income tax
• No personal income tax
• No unitary tax (Value Added Tax [VAT])
• No inventory tax
• No tax on interest, dividends or capital gains
• View a list of industry specific incentives offered by Washington State
55-acre recreation area that includes play areas and picnic shelters integrated with a “passive” area focused on ecosystem restoration and Senior Center/Wedding venue.
Town Center Planned Action
The Town Center Plan was adopted to encourage revitalization of a 68-acre Town Center District and calls for a mix of uses including offices, housing, retail stores, and restaurants along with new community amenities, such as wider sidewalks, street trees, and public plazas. Projected impacts have been previously addressed in a planned action environmental statement.
Significant levels of public investment to promote and stimulate existing/future private investment and mixed-use activities. In addition to serving anticipated growth within the Town Center Subarea.
Civic Campus Redevelopment
Civic Campus Redevelopment, located at 23200 58th Avenue W includes:
• New City Hall - 2020 completion
• Police Station Addition - 2020 completion
• Town Center Park Plaza - 2020 substantial completion
The Main Street Project has two phases:
• Phase 1: 236th Street SW – Reconstruction of roadway between Interstate 5 and 56th Avenue W (2019/2020)
• Phase 2: 56th Avenue W – Planned reconstruction between 230th Street SW and 236th Street SW
Town Center Regional Stormwater Facility
It treats and detains runoff from certain properties (streets and Civic Center) and private developers have a way to decrease some of their costs.