Potala Farmers' Market
The Potala Farmers' Market at Everett is in Snohomish County, which is designated a regional center within the Immigrant Investor Pilot Program. Each Potala Farmers' Market project will include an indoor farmers market, office space, luxury apartments and an upscale extended-stay hotel. The vision for these projects is to create a "village" or community that centers around green living, supports local agriculture, and thereby enriches the local economy. On average, the Potala Farmers' Market project will create approximately 1,000 jobs, exceeding the minimum EB-5 requirement of creating 10 direct or indirect jobs per investor. Sustainability is always our focus and each project will be certified under the USGBC’s LEED® program at the LEED® Silver level or higher.
The Potala Farmers' Market's complexes will be located in exceptionally desirable areas with heavy pedestrian and vehicular traffic, and within close proximity to numerous amenities, complementary businesses and employment centers. Organic food is the fastest growing sector of the American food marketplace, and Potala Farmers' Market will meet this growing demand for affordable, locally-grown, organic products. The project's formula combines the complementary strengths of each business component and creates a development that is greater than the sum of its individual parts—achieving true synergy.
The Potala Farmers' Market in Everett, an indoor venue with 60,000 approx. square feet, will be an exciting and vibrant center that connects local agricultural businesses to the community and attracts both residents and visitors. In addition to the year-round market, the project will include 220 luxury apartments and a 110-unit Hampton Inn by Hilton Hotels, both offering spectacular views of the Puget Sound.
The Farmers' Market will be one of the first year-round indoor markets in the U.S., providing locally grown organic produce, meat and poultry to the hundreds of restaurants within the Puget Sound. It also will be a destination stop for shoppers from Seattle to Vancouver Island who seek farm-fresh, locally sourced, high-quality produce, meat and dairy, fresh flowers and other organic products.
Path America’s Everett Potala Farmers' Market is an exciting new project that partners with the City of Everett and Snohomish County. This project has three major components. The first component is a 110-unit Hampton Inn by Hilton, an award-winning upscale hotel. The Hampton Inn is preferred by business travelers and provides amenities such as swimming pools and meeting rooms. The second component is the Snohomish County Growers Alliance, an organization devoted to advancing economic growth among farmers markets by Snohomish County farmers. The third component consists of 220-units of residential living over the farmers market.
Potala Village Kirkland is a mixed-use project consisting of approximately 115 market-rate apartment units, 280 secured parking stalls, and 6,000 square feet of office space. This project is planned as one of the first LEED-Certified multi-family projects on the Eastside. The site is located at the beautiful waterfront of Lake Washington, within walking distance to downtown Kirkland and the Google campus. The site is also adjacent to several waterfront parks and public transit stops, allowing easy access to several local amenities.
Kirkland’s 3% vacancy rate is one of the lowest in the area. Market rents are strong in this area as its proximity to the SR 520, downtown Kirkland and downtown Bellevue make it convenient to young professionals.
Potala Tower Seattle