Meriwether Helps Create a New Home for the Richard Hugo House
SEATTLE, October 9, 2014 – Meriwether Partners announced their role as developer for a new mixed-use project at 1634 11th Avenue across from Cal Anderson Park in Seattle’s Capitol Hill neighborhood. The site is currently home to the Richard Hugo House literary center, and the project will include a new facility for the Richard Hugo House as well as approximately 80 market-rates apartments. The project is expected to break ground in 2016 and be complete the following year.
“There are so many elements to this project we are excited about. This is such a prominent site, across from the park, in one of Seattle’s most dynamic neighborhoods,” said Joel Aslanian of Meriwether. “The ownership group is committed to doing a project of commensurate quality and creating a terrific new home for the Hugo House.”
Meriwether Partners is a real estate investment firm with offices in Seattle and Portland. We form partnerships to acquire and manage real estate investments on behalf of the Meriwether principals, high-net worth individuals, family offices, and institutions.
Meriwether was founded in 2002 by Joel Aslanian and Robert Briscoe who have worked together since 1998. The company has acquired more than 2 million square feet of commercial real estate at a cost of over $300 million.
The firm’s primary investment focus is in the Seattle and Portland metropolitan areas. Meriwether invests in properties that are well-located with sound physical and economic fundamentals; properties that have the ability to generate attractive levels of distributable cash; and properties to which we can add value by executing recapitalization or repositioning strategies.