Quarterra Builds Big in Snohomish

Quarterra, backed by $1 billion from private equity firm TPG, is launching a massive 294-unit apartment and townhome project in Snohomish with a coffee-and-doughnut shop drive-thru — all on 17 acres of Bickford Avenue. The move follows TPG’s recent majority stake purchase and signals a bold expansion strategy, fueled by Snohomish’s tight rental market: lowest vacancy in Puget Sound and 2% rent growth to $1,532. Quarterra, already active across the region with 11 projects including a $400M Seattle development, is betting big on demand — and Emblem Snohomish is set to reshape the neighborhood. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/642e7c9350b0cf50