Development
Intro to Development Video
Venture Story & Vision
Our team of elite real estate professionals at Venture and the various architects, engineers, and professionals we work with are striving to redefine the future of the industry, with cutting-edge technology, world-class systems, and an unmatched dedication to superior market knowledge.
Our strategy is to continue is to locate and acquire value add Multifamily, Land, Hospitality, and or Mixed-Use projects. Some of our biggest returns have come from smaller apartment projects less than 50 units. From a scale standpoint, our vision is to raise and invest $1B in both smaller apartments/projects that are 50 units or less, as well as continuing to invest and develop larger projects that are 100+ units in size.
Venture Strategy & Philosophy
Our foundation is built upon the following main core principles: Market knowledge, Integrity, No brainer deals, VREG Core Fundamentals, and Long-standing relationships. Each deal must meet our Investment Criteria and has to check off all the boxes before we do a deal. It’s better to pass on a good deal than to buy a bad one, as Dolf De Roos says, the long-time real estate investor and author.
Market Knowledge, we are deeply versed in the market, and take every step needed to ensure we know the market. We are consistently tracking data and talking with experts in their related fields daily. When we do rental valuations for instance, we will do them sometimes a dozen times during due diligence to ensure our data is correct, and there hasn’t been a change in the market.
Integrity is doing the right thing every time with no question. We will always make the right decision, no matter the cost. Our reputation is far more important than trying to hit numbers that aren’t real or doing a deal that we shouldn’t be doing because the numbers are inflated.
If an opportunity has any question on if it is a great deal, we simply don’t do it. We have our strict core fundamentals we follow and our previously mentioned investment criteria. We acquire no brainer deals. These are opportunities that do arise and these are the deals we at Venture focus on and are committed to finding and executing at a high level.
Our success is derived from the extremely valuable relationships we have created and fostered over the years with our investors, clients, and vendors and is reflected through past testaments and continued results. We have established a foundation of trust that we don’t take lightly, as we continue to grow we want to grow and see success with those who we’ve been in relationship with for years.
The Adriana
119 Unit Mixed Use Senior Housing
Ground up 119-unit mixed use development in Des Moines, WA. Worked closely with the City of Des Moines including meeting with council members and the mayor of Des Moines, along with attending numerous public and private meetings with city officials. This close relationship resulted in the height limit increasing from 35 ft to 55 ft (DC Zoning) and reducing parking requirements saving over $1 M in construction costs. Additionally, ending up going through public process to buy the sidewalks from the city to increase the development’s Floor Area Ratio, (ratio of gross building floor area to site area).
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University Place Apartments
Proposed 377 Unit Mixed Use Development
The University Place apartments were to be built on a largely undeveloped Light Industrial zoned area of University Place, WA. The project would have been four story construction, all on grade parking. We worked closely with the City of University Place regarding the height limit, parking, and setbacks of the parcels, to allow the development of the proposed 377-unit community within the zoning requirements. It was of the upmost importance to develop a site to the benefit of the surrounding area, along with supporting the city’s comprehensive plan projected for increased housing, employment, green infrastructure, and a mix of commercial land use.
After multiple city council meetings and presentations, we ended up getting unanimous approval for all 3 proposed legislative amendments including: setbacks along 4 parcels reduced from 30 ft to 10 ft, height limit increased from 45 ft to 75 ft on a large section of the property, along with parking allowed on 5 more additional zoned R-1 parcels.
This project consisted of developing a 7+ acre lot in a prime location, adjacent to a private golf course. Six separate buildings were proposed which would house a total of 377 units. The first floor of the front building was reserved for retail occupancy.
The Andover Apartments
4000 California Ave SW Seattle, WA 98116
Exterior Before Remodel
Exterior After Remodel
Renton Highlands Proposed Development
Proposed variations from 116 Units – 182 units
116 DUs in (10) 12 packs (9,270 ea NIC egress balcony and stairs)
10 additional apartment flats above commercial (5,750 sf total)
5,000 sf of retail on commercial building
5,000 sf of amenity space in commercial building
1,200 sf of deck amenity area on commercial building
133 surface parking stalls provided. Approximately half covered car ports
The proposed project would have been in the Renton Highlands. We found out during feasibility the city was planning to take about 20 ft of the property as a public road by eminent domain. It significantly hurt the density of the project, thus we had to pull out of the deal.
851 & 855 4th Ave N Kent, WA 98032
Multi Family Units in Kent, WA
Andy's First Flip
First Single Family Flip in 2005
5349 S Creston St, Seattle, WA 98178
Since 2006, when Andy founded the firm, the vision was to invest in the best real estate, in the best locations, and turn healthy profits. Andy bought his first house at 23 years old after studying real estate investments and wanting to follow the family business.
