Kōz Development Closes Financing for 169 Apartments in Everett

Kōz Development has closed on $28.3 million of construction debt and $15.8 million of equity for the development of Kōz on Wetmore.

The ground-up multifamily development will deliver 169 mixed-income apartments to the downtown area, approximately 30 miles north of Seattle. The project, being constructed by Kirtley-Cole Associates, is expected to be completed in 2026. It is the 29th multifamily project developed by woman-led Kōz Development, which has a portfolio of over 4,000 units in the Pacific Northwest.

Cushman & Wakefield served as the executive advisor to Kōz Development in arranging the debt financing, led by an Equity, Debt & Structured Finance (EDSF) team consisting of Chris Moyer, Dave Karson and Chris Meloni. The loan was provided by Coastal Community Bank. Located at 2609 Wetmore Avenue, Kōz on Wetmore will offer a range of layouts, including 144 studios, 15 one-bedroom and 10 two-bedroom homes.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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