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  • Prosperity

Engine for Growth

We seek to propel economic prosperity

Construction workers at work on the jobsite

Fueling the Economic Ecosystem

With decades of experience investing in the Puget Sound area, our real estate developments create ripple effects that deliver lasting economic, environmental, social, and cultural dividends across the region.

By developing spaces for major employers, we boost job creation across the workforce—from construction to life science to high tech. Our varied residential developments help meet increased housing demand across a range of income levels. Smaller retail companies flourish alongside large corporations, boosting tax revenue that helps our region thrive. By taking an integrated, holistic approach to development, our investments catalyze growth and infrastructure improvements, driving economic prosperity for employees, businesses, and cities.

By the Numbers

$1b
Tax Revenue Generated for the Region
10.4m
Square Feet Created for 35,000 Jobs
$60m
Contributed to Public Infrastructure Projects

Reimagining an overlooked neighborhood

Seattle’s South Lake Union represents a once-in-a-generation opportunity to turn a sleepy, light-industrial neighborhood into a thriving, mixed-use economic engine. With deep investments in infrastructure, transit, and public-private partnerships, we have played a pivotal role in delivering on the vision to build a world-class hub of creativity, scientific discovery, technological revolution, entrepreneurship, and prosperity.

See How We Revitalized South Lake Union
aerial view of lake union

See how we drive positive transformation

Recognized for building prosperity

Thru block at Lakefront Blocks

The strong interest we received in [Lakefront Blocks] is testament to the enduring quality of this institutional-grade investment,” said Ada Healey, Vulcan’s chief real estate officer, in a statement, calling the property “truly one of South Lake Union’s trophy assets.”

The sale to German investment firm Deka Immobilien reflects the unique nature of the property and the tenant, and confidence in the tech office market as the COVID-19 Omicron variant wanes.

Todd Bishop, GeekWire