Real Estate Development | Sustainable Building


Zarett Properties is a privately-owned Seattle real estate development and investment firm headed by CEO David Zarett. Current real estate holdings include the Alaska Trade Building, the 1205 E Pike Building, and others on the historic registry and in the sought after Pike Place Market and Capitol Hill areas.

In 1997,  Zarett purchased the Seattle Ice building. The 122,000 square foot building was in significant disrepair with rotting wooden beams and condemned by the city of Seattle. After three years of painstaking work to restore and renovate at the cost of $10 million, the building reopened and became home to The Cobalt Group and Starbucks Corp. The building was renamed the Cobalt Building and sold for $20 million in 2007. The project was one of the first significant projects in the revitalization of the SODO area in Seattle commercial real estate market.

Zarett Properties’ commercial real estate specialty is the purchase of historic, industrial buildings and renovating to suit commercial partners with sustainable green methods. Zarett is currently developing a first-class, contemporary office and retail building adjacent to GasWorks Park.

Contact us if you would like to explore working together.


Commercial space built to suit.


Creative space for artists and retail.


Green, sustainable methods and materials.

CEO, David Zarett

David founded Zarett Properties, a Seattle real estate development firm in 1992, following a life-long love of building and architecture. Originally from Los Angeles, Zarett found the beginnings of his success in Seattle, Washington. He is best known for the purchase and rehabilitation of the 100-year-old Seattle Ice Building which was widely seen as a visionary investment and renovation.

In recent years, Zarett has turned his attention to green building, sustainability, and conservation. This work extends to his forest management and preservation efforts in Snoqualmie, Washington. After purchasing over a thousand pristine acres, David became a formidable adversary against a proposed dam on the North Fork of the Snoqualmie River that would have ruined habitats and a highly-rated kayak run.

As a committed member of the Seattle community, David Zarett provides considerable financial and personal support for numerous charitable organizations. A particular philanthropic cause is Camp Korey, a summer camp for children suffering from severe illnesses. Additionally, Zarett supports the Boys and Girls Clubs of America and Doctors Without Borders.

David earned his Bachelor of Science degree in business from the University of Oregon. He is an avid traveler and outdoorsman, spending much of his time in South America. He is also an accomplished musician.