Bellingham Flatiron Gets New Owner, Plans Revival
Ownership Change and Investment A significant shift has occurred in Bellingham's real estate scene. The historic Flatiron building has transitioned from public to private ownership. Real estate entrepreneur Ben Kinney acquired the building for over $10.1 million. This marks a significant real estate investment and economic revitalization. The Flatiron Building, known for its historical significance, is one of the most recognizable structures in Bellingham. The building was formerly owned by the City of Bellingham. It had remained unoccupied since early 2010. Kinney's business portfolio includes Place and Brivity. He plans to make the building their headquarters, indicating strategic expansion. This investment extends beyond mere ownership. Kinney plans to employ hundreds within his family of companies. The initiative promises to boost economic activity downtown. The acquisition of the Flatiron building comes at a time of significant housing market challenges across major U.S. ...