Home Commercial New US Subsidiary IPB Properties launches from Canadian Real Estate Development Firm...

New US Subsidiary IPB Properties launches from Canadian Real Estate Development Firm Bosa Properties

Bosa Properties, IPB Properties, Seattle, Fairview Developments, CCB Properties, ARCI, REN, Tutta Bella, Council on Tall Buildings and Urban Habitat, Belltown on First, Nashville

Seattle, WA (June 30, 2023) – Today, Bosa Properties Inc. (“BPI”), an integrated Canadian real estate company with 35 years of trusted experience, unveiled the new brand name for its growing U.S. subsidiary, IPB Properties (“IPB”). The company’s early entry into the Seattle market came under temporary names “Fairview Developments” and “CCB Properties” as it worked on developing its new brand. IPB is best known for REN – a luxury high-rise apartment building built in partnership with ARCI, with 457 rental homes in the heart of Seattle’s high-tech neighborhood that blends art, architecture and nature.

IPB will focus on building vibrant community hubs made of unique rental homes and curated commercial spaces in high-growth U.S. cities with shifting demographics. The name inspired by the company’s unique approach to imagine, plan and build extraordinary spaces, creates a distinctive mark for the emerging business. BPI and IPB will share a bench of expert talent delivering end-to-end human-centered property development and management services. IPB will be the only operator for the company in the United States.

IPB’s first project, REN, was recently named Building of the Year by readers of the Daily Journal of Commerce and awarded a 2023 Award of Excellence Winner by the Council on Tall Buildings and Urban Habitat (CTBUH). With amenities that include multiple food and beverage concepts developed by beloved Seattle brand Tutta Bella, an outdoor rooftop lounge and BBQ area, a podium-level pet spa and a rooftop games and entertainment room, REN has become a thriving community hub with a 95% customer satisfaction rate amongst renters.

IPB plans to expand its rental offering in the Seattle market with Belltown on First – a mixed-use development project designed to reflect the pulse of the historic Belltown neighborhood. Located at 2700 1st Avenue at the corner of 1st Avenue and Clay St, the 15-story, 270,000 sq. ft. project will include 240,000 sq. ft. for residential rental units, including 240 one-, two- and three-bedroom homes, as well as 16,000 sq. ft. of ground-floor retail and three levels of below-grade parking.

The company is also actively working on the market entry for its second U.S. city, with a three-tower mixed-use development planned to break ground in Nashville, TN later this year.

About IPB Properties

IPB Properties is a U.S. real estate company crafting human-centered solutions for property development and management with a focus on rental homes with activated commercial spaces to create vibrant communities. IPB Properties is the U.S. subsidiary of Bosa Properties Inc. (BPI) and shares a bench of expert talent with a 35-year long track record that spans 20,000 completed and in-development homes, and five million square feet of commercial properties under management.