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SLC SILVER LAKE CENTER A New Regional MarketPlace • The Silver Lake commercial node is emerging as a"new regional marketplace"; • Silver Lake,Eastmont,Mill Creek,Gold Creek, Silver Firs,Highlands.Pioneer Trails,Greenwood Park and the entire area known as Snohomish Cascade are all east of Interstate 5 ...comprising a new "Eastside"; • This phenomena has a case history ... that being the communities of Bellevue,Kirkland,Newcastle, Woodinville,Redmond and Issaquah,otherwise known as the"Eastside" This directional notation arises from the fact that these communities,originating from the economic expansion of Seattle,are all east of Interstate 5; • Whereas there is continued migration of companies and people into the Eastside from Seattle,as well as from cities both in and out of State,there is out migration from the both Seattle and the Eastside into south Snohomish County; • Lands west of Interstate 5 in Snohomish County,for the most part, developed long before the I-5 corridor was implemented. The future growth of urban Snohomish County is,for the most part, entirely east of Interstate 5; • This trend is evidenced by"regional retailers",and others,to locate in close proximity to Silver Lake, including: Entity Location Floor Area Completion Date Costco SR527 157,000 sf 1996 Home Depot SR96/99 130,000 sf 1996 Fred Meyer SR527/SR96 150,000 sf 1998 Lowe's SR96 130,000 sf 2003 Safeway Silver Lake SR527 43,000 sf 1980 Safeway Mill Creek SR527 63,000 sf 1995 Albertsons SR96 60,000 sf 1997 Rite Aid SR96 18,000 sf 1997 Safeway Silver Firs SR96 58,000 sf 2005 Providence Health Care SR527 375,000 sf 1995 Senator Jackson High School SR527 700,000 sf 1995 Penny Creek Elementary SR96 200,000 sf 2000 Bishop Murphy High School SR 96 300,000 sf 2001 Silver Lake Center Project Profile Page (5 of 2 i