2022 Annual Highlights


Project Completions
  • 520 Westlake

    347,000 SF of office space in South Lake Union pre-leased to Google with 25,000 SF of retail


Groundbreakings
345 units in Yesler, including affordable housing
261 units in Yesler, including affordable housing

Leases


7,000 SF new retail opened & 20,000 SF retail leases signed
Sandbox VR (6,000 SF)
Restaurant (3,800 SF)
Simply Soulful
Opened Aug 2022
23rd Ave Brewery
Opened Jun 2022
Lakeside SLU
Opened Jun 2022
Restaurant (9,900 SF)

Awards

FIABCI World Prix D’Excellence Silver Award, Residential Low-Rise Category: Sitka

PNW Admin Awards Spirit Award: Madeline Herzog

ASLA Washington Residential Design Honor Award: Sitka

ASLA Washington General Design (Private Ownership) Merit Award: Arbor Blocks

ASLA Washington Residential Design Merit Award: Jackson Apartments


Community Impact
Pedestrians and "Winds of Change: We Are Still Here" sculpture in Jackson Apts plaza

Installated Dreamer by Patti Warashina at 520 Westlake as part of our extensive Public Artwork program

55% of apprenticeship labor at our commercial projects consisted of women & minorities in 2022

Over 15% of subcontract labor in 2022 was awarded to women- and minority-owned business enterprises (WMBE) at our residential projects


Sustainability

Eight multifamily development projects newly certified or recertified as Salmon-Safe

Vulcan Real Estate reaccredited as a Salmon-Safe developer


Dispositions

$841M in Dispositions

  • Sold Lakefront Blocks at record price per square foot
  • Sold 5th & Lenora entitled development site
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