Weyerhaeuser Real Estate Company

Weyerhaeuser Real Estate Company
Subsidiary
Industry Home construction
Real estate development
Founded 1969
Headquarters Federal Way, Washington, U.S.
Key people
 Peter Orser,
President & CEO[1]
Website WRECO

Weyerhaeuser Real Estate Company (WRECO) is a United States based home building and real-estate development company. WRECO was formed in 1969 as a wholly owned subsidiary of Weyerhaeuser Company and is based in Federal Way, Washington.[2]

About

WRECO is composed of 5 separate homebuilding companies with 9 brands that operate in different regions of the United States:[3]

  • Quadrant Homes (greater Seattle and Puget Sound area)
  • Pardee Homes (California and Nevada)
  • Maracay Homes (Arizona)
  • Trendmaker Homes, Avanti Custom Homes, Texas Casual Cottages (Texas)
  • Winchester Homes, Camberley Homes, Everson Homes (Maryland and Virginia)

Additionally, WRECO also contains one company that provides institutional capital for residential projects to home builders and developers:[3]

  • Weyerhaeuser Realty Investors (WRI), based in Washington.

WRECO closed 2,314 houses in 2012.[4]

On July 6, 2015, Weyerhaeuser's five home building operations in the Northwest, California/Nevada, Arizona, Texas, and the Mid-Atlantic regions were acquired by Tri-Pointe.

Northwest Landing

Northwest Landing is a 3,000-acre (12 km2), 40-year "master planned community", in Dupont, Pierce County, Washington, developed by Quadrant Homes.[5][6]

The Hudson's Bay Company's chief trader, Archibald MacDonald, laid claim to the land in 1833. In 1976 Weyerhaeuser acquired the land in a real estate swap with E. I. du Pont de Nemours and Company. The adjacent town of Dupont was at one time a company town. The Weyerhaeuser Company had wanted the site to build an exporting facility, but lost a bitter legal battle to develop the project.[6]

Part of the site includes indigenous Nisqually burial sites and the historic Fort Nisqually site. The property is adjacent, on its western side, to the Nisqually Wildlife Refuge, which contains river delta wetlands. The core site is an old DuPont explosives factory, where the company manufactured black powder and other explosives between 1906 and the 1970s, this caused part of the property to become a hazardous waste site and required environmental remediation.[7][8]

References

  1. ↑ Weyerhaeuser News Release: "Weyerhaeuser Names Larry Burrows, WRECO President/CEO". - Weyerhaeuser Company. - March 13, 2008
  2. ↑ Hoovers
  3. 1 2 Weyerhaeuser: The Real Estate Empire
  4. ↑ http://www.builderonline.com/builder100/2012.aspx
  5. ↑ Northwest Landing
  6. 1 2 Zimmerman, Rachel. - "Where historic and quaint meets the 'new urbanism'" . - Seattle Post-Intelligencer.
  7. ↑ Foster, George. - "Weyerhaeuser Owns 5,260 Years of Indian History". - Seattle Post-Intelligencer. - June 15, 1989. | Hahn, Jon. - "Town's dynamite past ignited a preservation cause". - Seattle Post-Intelligencer. - July 18, 1998. - | Conklin, Ellis E. - "A Patch of History is Protected: Fort Nisqually Site is Donated". - Seattle Post-Intelligencer. - October 9, 1993. | - Retrieved: 2008-06-30
  8. ↑ FINAL: "Human Health and Ecological Risk Assessment for the Former DuPont Works Site". - Washington State Department of Ecology. - August 2003. - (Adobe Acrobat PDF document). - Retrieved: 2008-06-30
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.