Developing real estate bears risks. Construction also bears risks. Those risks can be mitigated when the developer and builder share a common vision and are able to work closely together, as in the case of the Waterfront Place Apartments in Everett, Washington.
The four-story apartment complex is being co-developed by Gracorp, the real estate development arm of Graham, and SeaLevel Properties. With Graham building the multi-family complex, its inherent synergies with Gracorp, and by both embracing SeaLevel Properties’ vision, the team has overcome development risks and construction challenges to deliver highly-desirable waterfront living.