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Phase 1 description: - Phase 1 description - PDF file Phase 1 layout: - Phase 1 layout - PDF file Trade area: - Trade area - PDF file Maketing & Contact: - Marketing & Contact - PDF file Location: - Location map - PDF file City of Lacey, Thurston County, State of Washington, along Interstate Freeway 5 between exit 109 and exit 111 to the West. The location is the fastest growing area in the South Puget Sound region, Total retail & leisure market sales of $3 billion within a 20-minute drive time, growing at 5.7% annually. Lacey, Washington is the northernmost city in Thurston County, home of the state capital in Olympia. Twenty minutes' drive to Tacoma, and less than an hour to Seattle, Lacey is rapidly evolving from a commuter's haven into a thriving commercial and employment center. Lacey is centrally located within the Seattle - Portland metropolitan corridor with its 6.8 million residents. The site's trade area features a population of nearly 200,000, with an annual growth rate of 1.21% and a projected median household income (2010) of more than $70,000. The Evergreen State College, South Puget Sound Community College, St. Martin University are located here in the area, and along with State Government, create a stable and prosperous local economy. This is an area of young, well-educated people, with an average age of 35.6 years and 49% of the population holding a college degree. Summary: With a mile of frontage on Interstate 5, Lacey Gateway Town Center is part of a strategically located 1,000-acre master planned community, featuring a highly visible, mixed-use commercial downtown flanking the heavily traveled Interstate 5 Highway, which connects Seattle to Portland and points beyond. (45 minute drive south of Seattle and 2 hour drive north of Portland). Traffic counts on Interstate 5: 103,000 VPD. When complete, Lacey Gateway Town Center is destined to become Washington’s premier retail/mixed use destination anchored by Cabela’s, "The World's Foremost Outfitter". Lacey Gateway will feature a new urban "downtown" center in which surrounding residents will be able to access 2.0 million sf of destination hybrid lifestyle shopping which includes typical national and local retailers, restaurants, etc…, 7,000 new residential units, 1,000,000 sf of first-class office space, a 25,000 sf conference center, community library and a 90,000 sf performing arts center. The City of Lacey has long envisioned this area to become its city center. Local plans call for retail, hospitality, office, recreational, and civic uses supported by an upscale residential community. The city commits to purchase ten acres of the site for civic uses. Lacey City Manager Greg Cuoio said, "This is about opening up 400 acres of prime commercial property along I-5 that will generate 8,000 to 10,000 new jobs, and by the time it builds out it's going to return $50 million to the state annually." Current Project Status: Partial infrastructure has been constructed. An anchor store, 185,000 sf Cabela's, opened November 2007. The Cabela's created about 300 new jobs and 4 million annual store visitors. The City of Lacey received $9.9 million Job Fund Grant from the State of Washington in 2007 for infrastructure improvements to accommodate the Lacey Gateway Town Center project. This grant was based upon a legislative assessment that the project would have a strong job creation impact. Project Phasing: Phase 1:
Lacey Gateway Team Profile:
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