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Social Impact investor finances $54M Lynnwood apartment project

March 22, 2023

With financing in order, the 200-unit Koz on Alderwood apartment project is expected to being next month, said Koz Development.

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131 Rainier Valley units move closer to MUP, if not start

October 14, 2022

Acting as its own architect, Koz Development recently received design approval from the city for a 131-unit apartment project in the Rainier Valley ....

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Workforce housing planned on lower South Hill

August 25, 2022

Over 200 lower-cost rental units are planned for a Koz Development expansion into a new market --- downtown Spokane ....

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131 Rainier Valley units continue through review

January 27, 2022

Koz Development does its own architecture in house, and it has an upcoming design review in March for an apartment project at 3803 S. Warsaw St. 


That's in the Rainier Valley, on most of a small irregular block that's immediately west of Martin Luther King Jr. Way South. The block is also in a federally tax-favored Opportunity Zone. It traded in late 2020 to Koz-related investors for $2.8 million...

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Snohomish developer planning multifamily housing project on lower South Hill

November 7, 2021

A Snohomish-based developer known for apartment projects in walkable, urban neighborhoods is bringing its concept to Spokane.

Kōz Development filed a preliminary application with the city last week to build Kōz on West 4th Avenue...

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Kōz Development plans 190-unit project near future Lynnwood light rail station

October 27, 2021

Kōz Development said it plans to develop a 190- unit apartment project on a former Buca di Beppo Italian restaurant site in Lynnwood. 

The Snohomish-based developer recently acquired the 1-acre site at 4301 Alderwood Mall Blvd.

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Kōz Development's Cathy Reines is living out her passion for affordable 

October 20, 2021

The need for affordable housing became painfully apparent to Cathy Reines when she was the CEO of a bank during the Great Recession...

Thirteen years later, Reines — now president and CEO of Kōz Development — has completed 14 multifamily projects...


Apartment project will bring more affordable housing to Tacoma's Hilltop neighborhood

September 28, 2021

According to a study commissioned by the city, more than 7,000 Tacoma households with incomes of less than 50% of area median income ... can't find rental units they can afford.


“That is our niche, the 30% to 60% area median income range,” said Kōz Development CEO Cathy Reines.


Six-story housing projects to transform MLK Way in Tacoma Washington

March 7, 2020

A temporary homeless shelter and a vacant building make up the block between Eighth Street and Ninth Street along Martin Luther King Jr. Way in Tacoma’s Hilltop.


In a few years, that land will be transformed into something else...


Kōz at the Dome Apartments Welcomes 64 Homeless or Near-Homeless College Students

February 7, 2020

The Tacoma Housing Authority and Kōz Development announce new affordable apartments in downtown Tacoma for homeless and low-income students and a new fund created and managed in partnership with the Foundation for Tacoma Students and the Association of Washington Housing Authorities to assist homeless students with move-in costs and basic needs.


To enliven the city, Salem opens up possibilities for adaptive reuse

February 2, 2018

Developers and historic property owners alike complained that the city's regulations for making changes to historic properties in the capital city's central core were too onerous, cost prohibitive and regulatory.  All that changed in 2014.


Developer banking on micro-apartment projects

October 10, 2017

Koz Development, based in Snohomish, Washington, is finding a way to include affordable units in its housing projects in Portland. 

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First micro-apartment project starts in downtown Tacoma

August 24, 2017

​Kōz Development on Thursday broke ground on this 104-unit micro-apartment project by the University of Washington Tacoma campus whose student population has grown by 28 percent since 2012.


6-story apartment building could open in 2019 in Dome District

May 8, 2017

A new apartment building could rise among the hustle and bustle of Tacoma’s Dome District. Parking spaces are not included in the proposed development, with 152 apartments and ground-floor retail.

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'Micro Units' near UWT will offer innovative furnishings, no additional parking

December 22, 2016

​By summer 2018, apartments nearly the size of two standard parking spaces could be for rent in Tacoma’s downtown.


Amstar, Koz Development to Build Class a Small-Unit Apartment Building in Seattle's South Lake Union Submarket

July 16, 2015

​Amstar, a Denver-based real estate investment manager acting on behalf of one of its public retirement system clients, announced today the acquisition of a development parcel in the South Lake Union

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