homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

July 18, 2024

Clarion joins ACG effort in Lynnwood

Earlier this month, the DJC reported the land sale and imminent start on Enso, a seven-story, 316-unit apartment project near Lynnwood City Center Station. American Capital Group is both the architect and contractor for the project, which should take about two years to complete. Now Clarion Partners has joined the effort, as the two announced this week. B.J. Kuula leads ACG, and said in a statement, “Enso could not come at a more critical time, as home ownership has become too costly for many and capital market dynamics have slowed new multifamily housing starts.” Rick Schaupp of Clarion added, “Clarion is excited to develop our first multifamily project in Lynnwood, particularly in such a prime location.” At the same time, they named Pacific Life Insurance as the provider of a recent $67.6 million construction loan.




Email or user name:
Password:
 
Forgot password? Click here.