Property owners want Olympia to annex 8.5 acres at Yelm Highway and Henderson Boulevard

Property owners want Olympia to annex 8.5 acres at the southeast corner of the Yelm Highway and Henderson Boulevard intersection.

The City Council authorized a notice of intent Tuesday to allow the property owners to seek annexation into the city.

The applicants have one year to file a formal petition. From that point, the process usually takes about six months until annexation is official, said principal planner Tim Smith. Other steps in the process include boundary reviews, public notices, public hearings and eventual council approval.

The proposed annexation area on the Olympia-Tumwater border includes Tsuki Nursery, which consists of two parcels, along with two single-family homes. At this time, the land is zoned for single-family residential development with a density of four to eight units per acre.

All four parcels are on the market and owned by annexation applicants Phillip and Therese Hulbert, Grace Slater, and Trong and Rani Hong.

Real estate agent Tom Schrader said annexation makes sense for that corner because the parcels already receive water, sewer, fire and police services from Olympia.

Schrader, who is representing three out of four property owners, told The Olympian that a future goal is to rezone the corner for a mix of office space and multifamily residential development.

The two nursery lots are being sold together for an asking price of $1.49 million.

The intersection of Yelm Highway and Henderson Boulevard includes the Briggs Village development, the Briggs Community YMCA and senior townhomes.

Andy Hobbs: 360-704-6869

ahobbs@theolympian.com

@andyhobbs

This story was originally published September 23, 2015 at 4:26 PM with the headline "Property owners want Olympia to annex 8.5 acres at Yelm Highway and Henderson Boulevard."