Phone 425-455-9976
Development
The development affiliate of the company, Wallace Properties Development Company LLC, builds sustainable, transit-oriented mixed-use development projects in urban centers in the Puget Sound. It was awarded Developer of the Year for 2012 by NAIOP.Prism is 138 Class A apartment units, with 122 parking stalls. The Project was completed in May 2019 and was funded by a group of local equity investors and a loan from Washington Federal. Prism complements The Enclave, which is located within the same block and contains 435 apartments and 80,000 square feet of retail anchored by 24 Hour Fitness and Total Wine.
The Eddy at Green Lake Village is a Class A mixed-use, apartment and retail project in the heart of Seattle's Green Lake Neighborhood. Located across 71st from Green Lake Village, this building added 130 apartment units and 14,500 SF of retail space leased to Bartell Drugs. 20% of the apartment units are rent restricted to be affordable to renters earning 80% of median income. For more information visit https://liveattheeddy.com/
Citizen, a LEED Silver, 107 unit project in the Pike/Pine Triangle of the Capitol Hill neighborhood, opened in March of 2012 and achieved 100% occupancy in less than four months. 525 Northgate, the sister to 507 Northgate, broke ground in May of 2013, and was completed in October of 2014. The two buildings together contain 428 apartment units and 80,000 square feet of retail space.
The company also develops retail and office buildings, most recently completing the new Snoqualmie YMCA for the City of Snoqualmie, and provides construction management and fee development services for its clients, with the capability to oversee all aspects of the design, permitting, financing and construction of commercial properties in the State of Washington.
The Acquisitions Division forms real estate partnerships to acquire commercial properties throughout the State of Washington. The Company is actively seeking new acquisition opportunities and new investors.
Kevin Wallace oversees all development and acquisition activity for the company.
Courtney brings with her a strong background in marketing, development and customer service.
"The Wallaces are good, solid people who have a high level of integrity. They say what they are going to do and then do it. We are pleased to have them as business partners."
John McAllister
Regional Director
Northwestern Mutual Real Estate Investments LLC
525 at the Enclave is a mixed use building with 265 apartment units, 267 parking stalls, and 24,663 square feet of retail space.
507 at The Enclave was completed in 2009. Located on the corner of NE Northgate Way and 5th Avenue NE, it consists of 55,000 square feet of retail space and 163 apartment units over an underground parking garage.
Citizen of the Pike/Pine is a Class A mixed use, transit-oriented apartment and retail project in the Pike/Pine Triangle of Seattle’s Capitol Hill neighborhood.
47+7 is the first apartment building constructed with the Sustainable Living Innovations system, a patent-pending building technology.
The Eddy at Green Lake Village is a Class A mixed-use, apartment, and retail project in the heart of Seattle's Green Lake Neighborhood.
Prism is 138 Class A apartment units, with 122 parking stalls that was completed in May of 2019.
Green Lake North completes the development of property at Green Lake Village. It is currently under construction, with a targeted occupancy date in September of 2024.
