Strong Absorption Means Development Heaven
Wright Runstad & Co is confident that strong office and multifamily numbers will extend Seattle's development winning streak. That's why we're excited to hear from them and other experts at our third annual Bisnow Seattle Construction & Development Summit beginning at 7:30am next Tuesday, Feb. 24, at the Renaissance Seattle.
Wright Runstad & Co president Greg Johnson, one of our speakers, tells us, "Absorption is the strongest we've seen in years and I think we'll see more of it before we see less. This bodes well for well-located office projects." Late last year, the Puget Sound Business Journal tapped Greg as Executive of the Year for 2014.
The company has no doubt about future prospects for well-located multifamily, either. Recently it modified its plans for its Rainier Square development, to add more stories of apartments to the top of the tower. All together the property will be two Downtown buildings, a 58-story apartment tower and a 12-story hotel, which will open in phases starting in late 2017 and early '18. Sign up here for our Construction & Development Summit.
