Welch Plaza is a 3-building mixed-use development in Seattle’s diverse Central Area. The project is a unique public/private partnership with the city-chartered Central Area Development Association (CADA), developed by Lorig specifically for its positive economic impact on the surrounding community. As property manager, Lorig oversaw the initial sale of the condominiums and lease-up of the apartments and retail. Today, Lorig continues its management role for all three uses, including marketing and leasing, unit turnover coordination, management of the operating budget and accounting, capital improvements, and ongoing maintenance.
- Location: Seattle’s Central District neighborhood
- Size: 90 apartments, 73 condominiums, 18,000sf of commercial space, 209 parking stalls
- Year Built: 2003