 Over the next five to ten years, Covington will see development taking place at the Lakepointe Urban Village property (off SE 256th at the former Lakeside gravel pit) and in the Town Center area (Wax Rd.just south of Kent Kangley/272nd).The Lakepointe project includes retail shops, restaurants, movie theater, apartments/condos, a hotel, a lake recreational area, and more.