Everett Econo Lodge Being Converted into Apartments My Everett News

Sage recently acquired the Everett Econo Lodge, located near Silver Lake at 9602 19th St, for $9. 5 million. The company plans to convert the hotel into 124 studio apartments, responding to the increasing demand for housing in Everett. This project is significant as it aligns with local efforts to repurpose existing structures to meet residential needs. The conversion is expected to contribute positively to the local economy by providing more housing options.

Local officials have expressed support for such transformations, indicating a shift in urban development strategies aimed at addressing housing shortages. The project reflects broader trends in the region where outdated hotels are being transformed into residential spaces. The city has faced challenges related to housing affordability, making this initiative particularly relevant. Completion of the project is anticipated to provide a boost to the local housing market and attract new residents.