Unico has a rich history of development that began with our partnership with the University of Washington to design, finance, build and lease some of the most noteworthy high-rise office buildings in downtown Seattle. Over the next six decades, we developed several high-performing buildings throughout the western U.S., including the iconic Rainier Tower in 1977, and most recently, a 26-story mixed-use tower in Portland.
NV Apartments & Lofts
Built in Portland’s up-and-coming Pearl District, NV is a 24-story luxury residential and retail development with top-of-the-line amenities. Foresight and careful execution delivered the project $5.5M under budget, saving $20K per unit.
225,000 square feet
Unico began assembling the Slate land parcel in Seattle’s then-unknown Interbay neighborhood in 2004, envisioning the emergence of one of the newest multifamily destinations in the city, even though U.S. Census data indicated just 11 residents per acre in 2010. However, Unico understood that easy access to some of Seattle’s most vibrant neighborhoods, strong transit options, and generous green space were hallmarks of an undiscovered development gem.
The Cobb Building
Though well located and architecturally significant, the Cobb Building had become functionally obsolete and required a substantial makeover in order to stay competitive in the downtown Seattle landscape, and the necessary seismic upgrades were so pervasive that they required looking at the building anew, while the architectural and historic details were thought to be better appreciated by residents than businesses.
Leveraging its local knowledge, Unico was able to source, off-market, an opportunity to step into a stalled development. However, between project initiation and delivery in Q4 of 2008, the economy fell into recession and the real estate market plummeted.
83,639 square feet
MultiCare Health System, a leading regional health organization, needed to expand its Allenmore Hospital campus to meet increasing demand while continuing to offer the degree of highly specialized service for which they were known. The hospital wanted the flexibility of consolidated campus ownership in order to meet the changing market needs while also maintaining a more liquid balance sheet.