Cambia Capital and Greencity Homes Partner to Build a Sustainable Future with Burke38
Cambia Capital, a leading sustainable real estate investment firm, is excited to announce its latest project, Burke38, in partnership with Greencity Homes. This 38-unit townhome development project, located in Kenmore WA, not only addresses the growing housing demand but also sets a standard for sustainability in the region.
Nestled near Kenmore’s breweries, coffee shops, and retail destinations, Burke38 provides easy access to the Burke-Gilman Trail, a 20-mile path connecting Bothell to downtown Seattle. Residents will enjoy proximity to Lake Washington and multiple parks within a two-mile radius, making Burke38 an ideal choice for active and community-oriented lifestyles.
Sustainable Living with Built Green Certification
Burke38 is designed to meet 4-Star Built Green certification, reflecting a high standard of sustainability. The certification ensures the project incorporates energy-efficient designs, reduces environmental impacts, and provides a healthier indoor environment. By achieving this rigorous standard, Burke38 underscores Cambia Capital’s commitment to transforming the built environment toward a net-zero future.
Kenmore: A Thriving Sub-Market
Located just 14 miles from downtown Seattle and 15 minutes north of Bellevue, Kenmore is beginning to emerge as a dynamic and growing community. Once defined by its 1970s and 80s developments, the area is on the cusp of transforming into a thriving hub, driven by the Pacific Northwest’s expanding tech sector and its proximity to major employment centers like Bellevue, Redmond, and Seattle.
Burke38 offers seamless access to major transportation corridors, including I-5 and I-405, ensuring convenient east/west connectivity. With individual homes priced between $730,000 and $990,000, the development is positioned as an accessible and desirable option for prospective buyers
A Visionary Partnership with Greencity Homes
As the project sponsor, Greencity Homes brings over a decade of experience in sustainable real estate development in the Seattle region. The vertically integrated builder constructs over 100 homes annually and has a robust pipeline of 600 units for future development. Greencity’s philosophy centers on community, functional design, and creating an oasis-like experience for residents.
"Partnering with Cambia Capital on Burke38 allows us to fulfill our mission of building thoughtful communities to bless people's lives," said Vitaly Gutsalo, CEO of Greencity Homes.
A Commitment to Sustainable Growth
Construction for Burke38 began in January 2025, with the first homes expected to be available for buyers in Spring 2026. This development is a key step in Cambia Capital’s broader mission to deliver sustainable housing that meets the growing demand in evolving communities like Kenmore.
"Burke38 represents a combination of sustainable design, community impact, and financial viability," said Andy Wolverton, Managing Member, of Cambia Capital. "This project is an exciting opportunity to invest in Kenmore’s future while furthering our commitment to building a net-zero economy."
With its townhome design, Burke38 addresses the critical need for missing middle housing, offering a more accessible and sustainable option for buyers priced out of single-family homes yet underserved by high-density apartment developments. Projects like Burke38 present a compelling investment opportunity by meeting this growing demand while delivering sustainable innovation.
Burke38 is part of Cambia Capital’s larger portfolio of projects designed to address housing demand while driving environmental innovation.
About Cambia Capital
Cambia Capital is a leading impact real estate development and finance firm dedicated to accelerating the transition of the built environment to a net zero economy. With a focus on delivering both financial returns and measurable impact, Cambia Capital leverages its expertise to spearhead transformative real estate across the Pacific Northwest and beyond.
For further information, please contact:
info@cambiacap.com