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A SIGNIFICANT MASTER-PLANNED RESIDENTIAL DEVELOPMENT IN BELLINGHAM, W.A.

BELLINGHAM, W.A

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On the shores of Bellingham Bay with Mount Baker as its backdrop, Bellingham is the last major city before the Washington coastline meets the Canadian border. The City of Bellingham, is at the center of a uniquely picturesque area offering a rich variety of recreational, cultural, economic and educational activity as it is home to four higher-educational institutions. Bellingham is a coastal city in Washington State conveniently situated between two of the largest cites in Pacific Northwest. Vancouver, British Columbia is located 84 kilometers to the Northwest and Seattle, Washington 140 kilometers to the south. 
Bellingham has 25 distinctly recognized neighborhoods, where active leaders work together to shape the future of their area and the City as a whole. The City’s rich heritage and recent population growth; 96,014 (2020), are reflected in its diverse neighborhoods and housing styles, from regal Victorians, waterfront bungalows and country farmhouses to downtown condominiums and new developments. 
Bellingham’s wide range of business properties appeal to a diverse clientele of business professionals. Ranging from its vibrant historic downtown core, to Port properties, to industrial property in the Irongate community, and beyond. Bellingham also has an emerging technology cluster and is working with the County, Port, and other partners to create state-of the art, innovative economic opportunities. The city has urban villages, which target new business growth and vibrant neighborhood development by offering exclusive tax and fee reductions. 
The combination of these driving factors positions the Samish Heights Development to be a truly a rare opportunity as this property is one of a kind within the Bellingham city limits, and the last large acreage site available.

 

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QUICK FACTS

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ECONOMIC DRIVERS

A HUB FOR TECH INNOVATION

Whatcom County’s computer software industry is worth over $120 million, making Bellingham home to a wide variety of tech start-ups success stories creating an increase of demand for housing for young tech professionals

 

WATERFRONT DISTRICT REDEVELOPMENT

The Port and the City of Bellingham are redeveloping 237 acres on Bellingham’s central waterfront. A Master Plan has been approved to create a vibrant, mixed-use neighborhood with new parks and trails, which will attract thousands of new jobs in the area. 

 

SEATTLE TECH HUB

As employers continue to offer flexibility to employees to work from home, households will continue to migrate away from downtown cores and into suburban centers. In particular, the majority of large tech companies have expressed their desire to have their employees continue working remotely at least 2-3 times a week. This added flexibility for employees to work from home will have drastic spillover effects on suburban residential real estate markets around Seattle.

Seattle has established itself as a growing hub for some of the largest tech companies in the world. Microsoft’s Redmond campus is situated just outside 
of Seattle and this corporate headquarters is home to roughly 57,000 Microsoft employees. Amazon also operates its primary headquarters HQ1 in Seattle which employs over 45,000 people. Google operates several engineering centers 
across multiple locations in the Seattle area employing more than 6,300 people. Apple is planning to increase its presence in Seattle through the expansion to a 650,000-square foot office space, which will increase its presence to over 1,000 employees. Lastly, after opening an office location in downtown Seattle in 2019, Facebook grows to more than 5,4000 employees in the Seattle region.
With the ability to drive from Bellingham to Seattle in under an hour and a half, the Samish Heights Development has the potential to be an excellent option for current Seattle residents looking for more affordable and larger spaces.
The average salary for the tech industry in Seattle is approximately $142,000, 38.5% higher than the median household income of $102,500 in Seattle.

 

THE SITE

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SITE PLAN

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PHASE I

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PHASE II

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Jack Seguin, CEO

jseguin@rjenterprises.com

C|360-201-4415

 

TONY QUATTRIN
PERSONAL REAL ESTATE CORPORATION Vice Chairman
CBRE National Investment Team

 

604-662-5154
tony.quattrin@cbre.com

 

Sales contact

JIM SZABO
PERSONAL REAL ESTATE CORPORATION Vice Chairman
CBRE National Investment Team

 

604-662-5125
jim.szabo@cbre.com