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August 8, 2024

Nuveen pours $92M into Harvest

Harvest, the 20-acre wine-themed development in Woodinville, is a very active building site, now with four cranes overhead. Under construction are a hotel (pictured), apartment building, retail and townhouses, all with different but sometimes overlapping owners. Wood Mountain is the lead developer. To finance all that, Nuveen Green Capital announced its recent provision of $92 million in the form of a C-PACE loan. (That's commercial property assessed clean energy.) The loan supports the Somm hotel, expected to open next year, the 31-unit River Run Townhomes (to overlook the Sammamish River Trail) and The Yard, the retail buildings. Over the past 12 months, Nuveen said it has made $440 million in such green loans around the West Coast.




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