NAIOP, the Commercial Real Estate Development Association, last week selected Seattle-based Vulcan Real Estate as its 2025 Developer of the Year – the association’s highest honor. The award will be presented during NAIOP’s CRE.Converge conference in Toronto this September. It’s the second time Vulcan has been honored with the award.
“This recognition reflects the passion and dedication of our team, who bring a deep sense of purpose to every project we undertake,” said Vulcan Chief Real Estate Officer Ada Healey. “Since day one, we’ve believed that real estate can be a catalyst for positive change, driving economic opportunity, creative, inclusive spaces, and advancing environmental stewardship. We’re proud of the role we’ve played in helping shape the future of the Pacific Northwest and grateful to NAIOP for celebrating our commitment to building places where innovation and community thrive.”
Vulcan continues to pursue a wide array of projects in the region, but is best known for its redevelopment of South Lake Union, directly investing $4 billion into the area’s transformation from industrial district to mixed-use icon. Amazon’s decision in 2007 to move its HQ there was hailed by Site Selection as a Top Deal of the Year.
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