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Mastro Projects Popping Up All Over

SEATTLE, WA-Locally-based Mastro Properties is divesting itself of out-of-state holdings and going great guns within, juggling a handful of new projects in Bellevue and Kirkland and leasing up another in Seattle's Ballard neighborhood.

By Brian K. Miller | Updated on July 09, 2001

SEATTLE, WA-Michael Mastro is shedding its far flung holdings and building closer to home these days, with several projects in the works on both sides of Lake Washington and no more properties in Palm Springs.

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.

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