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Mock Drawing - Eblem Snohomish |
A major multifamily developer is betting on Snohomish County’s housing demand with a new mixed-use project that could bring nearly 300 apartments to the area.
Quarterra has filed applications to build Emblem Snohomish, a 294-unit apartment complex at 2502 Bickford Avenue in Snohomish.
The project would also include five townhomes and 15,000 square feet of commercial space spread across three buildings, one of which would be a drive-thru coffee and doughnut shop.
The 17.4-acre site spans six parcels with a combined assessed value of over $4 million, and would replace five existing single-family homes and a shop. A creek running through the property will naturally divide the apartment and townhome portions of the development.
Why Snohomish?
The numbers make a compelling case. According to Kidder Mathews data, Snohomish County posted the lowest multifamily vacancy rate in the entire Puget Sound region in Q1 2026, just 6.1 percent. Average rents rose 2 percent year over year to $1,532, signaling steady demand with room to grow.
Quarterra’s Growing Puget Sound Footprint
This project adds to an already substantial regional portfolio. Quarterra currently owns or operates at least 11 multifamily properties in the Puget Sound area, including:
1) A $400 million, 796-unit complex under development near University Village in Seattle (expected completion: late 2028)
2) Whittaker Apartments in West Seattle, anchored by a Whole Foods Market
3) The Piper, a 284-unit luxury community in Redmond that opened in 2024
4) Tavin, a 194-unit property in Crown Hill that began leasing in 2025
Our take:
We think this is a great step for Snohomish County and the City of Snohomish multi-family market. Low multi-family and retail vacancy rates show that more new builds are needed and this is a great start. We continue to be optimistic about the future of the City of Snohomish and surrounding area especially in the multi-family sector.
For more information on Snohomish County Commercial Real Estate, reach out to us any time.
Scott Weitz, President
Scott@WeitzCommercial.com
T: 206.306.4034
Nathan Cuda, VP Brokerage
Nathan@weitzcommercial.com
T: 425.268.9796
