Dec 18, 2014
A Japanese restaurant chain called Mio Sushi, which has locations in Oregon and Washington, will open at Point Ruston, the new neighborhood along the Tacoma-Ruston waterfront.
This is the second restaurant Point Ruston has landed. WildFin American Grill and Mio Sushi will open next spring, when the Century Building is completed, housing a nine-screen theater, 44 condos and 95 apartments.
Construction began in September on a grocery store and 1,300 underground parking spaces.
These projects are part of Point Ruston's second phase, which also includes a 180-room Silver Cloud Inn, more retail and restaurants.
Point Ruston LLC, a subsidiary of MC Construction Consultants, is developing the 97-acre site, which could eventually house up to 3,000 people with 2 million square feet of space for shopping, entertainment and recreation.
Cathy Hillenbrand, founder and chair of Capitol Hill Champion's Steering Committee, is stepping down. She has been with the committee for more than seven years and helped Capitol Hill Champion, a joint project of Capitol Hill Community Council and Capitol Hill Chamber of Commerce, advocate for the neighborhood in planning the Capitol Hill light rail station. New co-chairs of the steering committee are Brie Gyncild and Tim Farrell. Hillenbrand will continue to serve as vice chair of Capitol Hill Housing's board.
AT&T holds a grand opening today for its new interactive store at Lincoln Square in Bellevue. AT&T representatives say in a release that the design is intended to “offer an immersive product experience and engaging merchandising displays.” The store will be split into three zones: connected experience, community and explore. AT&T says it spent more than two years researching how to create a more interactive design. AT&T has more than 40 retail stores in Washington and employs more than 4,400 people across the state.
Dec 11, 2014
Everett-based Coast Equity Partners paid $25.5 million for BluWater, a 152-unit apartment complex at 11311 19th Ave. S.E. in Everett. The seller was Grosvenor Americas. Kidder Mathews represented Grosvenor in the deal. The complex has seven two- and three-story buildings and was constructed in 1991. Grosvenor bought it in 2007 and upgraded the clubhouse, gym and units. Coast Equity is actively buying apartments, manufactured housing parks, medical buildings, office buildings and retail valued between $5 million and $25 million. Grosvenor Americas has 2,400 apartments in the U.S. and Canada, mostly on the West Coast.
Ashleigh Kilcup is the new director of marketing for Tarragon. Kilcup has more than eight years of experience in real estate, and last worked at Apex Facility Resources as director of strategy and sales. She also worked at CBRE and Cushman & Wakefield. Tarragon recently opened an apartment complex in South Lake Union, and is building another apartment complex on Capitol Hill and an industrial project in Sumner.
Some big players from local design and construction firms will share their stories in “Tales from the Vault,” the Washington chapter of NAIOP's December breakfast meeting, starting at 7:30 a.m. Dec. 17 at Sheraton Seattle Hotel. They will talk about some of the biggest projects over the last 40 years: how they were built, the risks, teamwork and technology. David Allen of McKinstry will moderate the panel, which includes Rick Redman, chairman emeritus at Sellen Construction; Bill Lewis, chairman at Lease Crutcher Lewis; Jon Magnusson, senior principal at Magnusson Klemencic Associates; and Jud Marquardt, founding partner at LMN Architects. For more information and to register, visit: bit.ly/1sd5kBA
Pinnacle promoted Stewart Hill to vice president of client services. Hill will be in charge of new business opportunities within the company's western division and manage relationships with institutional clients. Hill will continue his work as partner relations director, where he provides support for an affordable housing portfolio of more than 100 properties with 19,000 units across the U.S. Hill has been with Pinnacle since 2008, first as a partner relations director for Cascade Affordable Housing. Pinnacle manages 135,000 housing units and 2 million square feet of commercial property.
Dec 04, 2014
Former Cleveland Mayor Jane Campbell will lead the National Development Council's office of public policy and advocacy in Washington. Campbell will advocate for state and federal economic development programs such as New Markets Tax Credits, Low-Income Housing Tax Credits and Small Business Administration loans. NDC has helped finance projects in the Northwest such as Navos Mental Health Solutions clinic in Burien, the Makah tribe's fishing dock in Neah Bay and 12th Avenue Arts on Capitol Hill. It has also worked on public-private partnerships including the University of Washington School of Medicine campus in South Lake Union and Harborview Medical Center's Ninth and Jefferson Building.
The Federal Home Loan Bank of Seattle appointed Michelle Griffith of Advocates for Real Community Housing in Ketchum, Idaho, and Andrea Davis of Homeword in Missoula, Montana, to the Affordable Housing Advisory Council. Roy Katsuda of Hale Mahaolu in Maui, Hawaii, was reappointed to represent Hawaii. Cleon Butterfield, senior vice president and chief financial officer of Utah Housing Corp., was named chair of the 2015 advisory council, and Martha McLennan, executive director of Northwest Housing Alternatives in Portland is vice chair.
U.S. Bank will open a branch at Harborview Medical Center on Monday. This is the second U.S. Bank branch to open this year in a major employment center in the region. U.S. Bank opened a branch in Starbucks Center. Diana Sizar will manage the 888-square-foot branch, which will offer checking accounts, savings, loans, mortgages and investments. U.S. Bank has 92 branches in the region.