Business View Magazine | December 2018

320 321 COVINGTON, WASHINGTON Coming Soon Puget Sound’s Newest Lifestyle Center shoplakepointe.com info@shoplakepointe.com (425) 898-2100 Centered around a 20-acre lake, LakePointe provides the social focal point that serves as a retail center, urban park and community gathering place; creating a beautiful ebb and flow to daily life. Presented By: LakePointe shoplakepointe.com  Southeast of Seattle is the growing commu- nity of Covington, where 214 acres of lake front property is being transformed into the region’s newest mixed-use upscale lifestyle center planned for up to 1.4 million square feet of retail space and 1,700 residential units. LakePointe is a celebration of what the future holds for the area, anchored by forward trend- ing retailers, great restaurants, entertainment venues, hospitality, professional and health- care services. Centered around a 20-acre lake, LakePointe offers the perfect balance between public and private spaces, indoor and outdoor, needs and wants of the people of Covington and the surrounding area. It’s a social focal point that serves as a retail center, urban park and community gathering place; creating a beautiful ebb and flow to daily life. LakePointe will be more than just a place to visit and enjoy…you may even choose to make it the centerpiece of your Live-Work-Play lifestyle and call LakePointe home! RICHARD HART COMMUNITY DEVELOPMENT DIRECTOR raphy and all its inefficiencies.”Covington was ba- sically comprised of rural subdivisions created over the last 50 years without dedicated greenspace. So, for the past two decades, City Council has worked at trying to establish parks where there were none. Today, the City is deep in the process of dramatic change.One project of major interest is taking place at the intersection of Highway 18 and SE 256th St.,where 212 acres of lakefront property are be- ing transformed into the region’s newest, upscale gathering place. LakePointe, a development proj- ect by OakPointe Communities, is a celebration of “what the future holds” for the area, anchored by forward-trending retailers, great restaurants, en- tertainment venues, hospitality, professional, and healthcare services. Centered around a 20-acre lake, LakePointe offers an indoor/outdoor social focal point that serves as a retail center, urban park, and community gath- ering place.This outstanding project will include approximately one million square feet of retail, ho- tel and office space, 1,500 residential homes, and over four million square feet of master-planned lifestyle.A peninsula extending into the lake, featuring retails shops, restaurants, residential homes, and a pavilion park, is the centerpiece of activity, enhanced by trails with natu- rally landscaped pathways. Hart describes details of the development.“The LakePointe project is situated on land that was a gravel extraction site for 40 years.Once extraction was complete, the owners decided to sell that prop- erty to a developer. Interestingly,where they dug out the gravel, the water table rose to a particular level and created a small lake that this new development