News
(ALMOST) NO ROOM AT THE INN
November 22, 2011
| If we've learned nothing else in our short time in Seattle, it's that the city's apartment market is a wonder to behold—4.7% vacancy. So we weren't surprised to meet several developers on the lookout for truckloads of shiny new shovels. |
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| For instance, we recently met First Northwest Development principalThomas Wick (with Metropolitan Homes' John Links and Candoo Associates' Ross Candoo; incidentally, there's a reason they're all wearing Bisnow name tags) who tells us his firm launched in Aprilthis year. They are three former shareholders of Base Capital and one construction partner—four guys who've been working together for a dozen years. Thomas tells us First Northwest is creeping into the market and getting its feet wet with a 140-unit apartment project in Shoreline and a second 40-unit development in Boise, Idaho. Other First Northwest principals (not pictured) include: Roger Tanabe, Kevin Nagai, and Pat Carroll. |
