The 76-year-old owner of Mastro Properties, a longtime developer in the region, is moving forward on three mainly residential projects in downtown Bellevue, two office buildings in Kirkland, and a third office building across the lake in Seattle's Ballard neighborhood.

The company is also unloading out-of-state holdings, such as the Oasis Waterpark in Palm Springs, CA. Mastro sold the amusement park to Cedar Firs LP for $9.1 million, and executives of the company have says its part of the company's plan to focus on Puget Sound-area projects, of which there are many.

Furthest along is Ballard Lofts, a four-story, 74,000-sf office building near the north end of the Ballard Bridge at 1455 N.W. Leary Way. Crews just recently finished shell construction and Mastro just recently leased the entire building to the nonprofit Program for Appropriate Technology in Health.