2021 Annual Highlights

Rendering of Arbor Blocks
249 units in BelRed, including affordable housing


42,000 SF of new retail opened & 1,000 SF retail leases signed
1,100 SF at Lakefront Blocks
Rendering of Arbor Blocks
37,000 SF at Jackson Apartments
500 SF at Jackson Apartments
500 SF lease signed
500 SF at Jackson Apartments
Rendering of Lakefront Blocks
2,900 SF at Lakefront Blocks

Awards and Recognition
Puget Sound Business Journal CRE Leadership Lifetime Achievement Award: Sharon Coleman
Washington Chapter NAIOP Night of the Stars Deal of the Year: 2M SF Amazon Office Lease
Seattle Magazine Most Influential People of 2021, Ada M. Healey
Seattle Met Most Influential People in Seattle Neighborhoods, Ada M. Healey
FIABCI-USA Grand Prix of Real Estate Award for Excellence: Sitka
Metropolis Planet Positive Regional Multifamily Award: Sitka
PCBC Gold Nugget Grand Award for Best Multifamily Housing Community - 100 Units/Acre or More: Jackson Apartments
PCBC Gold Nugget Grand Award for Multifamily Community of the Year -  4 Stories and Above: Jackson Apartments

Acquisitions & Dispositions


Acquired entitled development site in BelRed for $21.65m.

Installed two bee hives on the rooftop deck at Cypress. The bees are tended by a professional beekeeper and produce 200lbs of honey per hive per year. Residents get a small jar of honey, and the rest is left for the bees.

Operational results confirmed that the Wastewater Heat Recovery plant at Sitka is netting energy and cost savings and an efficiency performance of nearly 3x a normal gas-fired system.

LEED Platinum certification at Jackson Apartments.

Formalized DEI strategy around around community engagement, education & training, social equity focused procurement, apprenticeship diversity & inclusion, and reporting.

Attained 42% minority and women apprentices at our projects under development (compared to 15% goal).

Installation of new public artwork, The Wanderer, at Lakefront Blocks.
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