Anderson School Properties LLC has secured financing for the historic Anderson School redevelopment in downtown Bothell, Wash. Construction will begin in late September with the goal of a November 2015 opening.
It’s great to see a forward thinking and acting city like Bothell. Leveraging $150 million in public investment, approximately $207 million in private monies are committed to commercial and residential development in the downtown core, turning this ideally located town on key transportation routes and the scenic Sammamish River into one of the Puget Sound’s most livable cities. Located in the center of Bothell, the Anderson School property is a key part of the city’s long-term redevelopment plan, which includes a new City Hall and city center, European-style “multi-way boulevards” and a vibrant waterfront park reconnecting downtown to the river where the City began its story in the late 1800s.
Bothell is located just 25 minutes northeast of downtown Seattle on SR 522 or via I-405, and it neighbors the popular Woodinville wine country, home to more than 90 wineries and tasting rooms. Visitors to the region enjoy sailing on Lake Washington, shopping for antiques and unique local gifts, hiking in the nearby Cascade Mountains, and cycling the Burke-Gilman and Sammamish River trails, 38 miles of paved multi-use path stretching from Seattle to Redmond. The city is ideally located to take advantage of the burgeoning tourist draw of the Sammamish River Valley and Seattle’s booming high-tech industry.
The Prospectus includes important information about this offering, including risk factors, and should be reviewed carefully. Investors will be required to provide supporting documents proving that they are accredited investors.
This is a private placement of securities. Securities sold through private placements are restricted and not publicly traded. Members of the Company may not be able to sell their membership interest even if a need for personal funds arises. Investors are purchasing a membership interest in Anderson School Properties LLC, not a direct interest in real property.
For complete details, download the Anderson School Properties LLC Offering Circular.