| Type | Subsidiary |
|---|---|
| Industry | Home construction Real-estate development |
| Founded | 1969 |
| Headquarters | Federal Way, Washington United States |
| Key people | Larry Burrows President & CEO [1] |
| Website | WRECO |
Weyerhaeuser Real Estate Company (WRECO) is a United States based home building and real-estate development company. WRECO was formed in 1969 as a wholly owned subsidiary of Weyerhaeuser Company and is based in Federal Way, Washington.[2]
Contents |
WRECO is composed of six separate homebuilding companies that operate in different regions of the United States:[3]
Additionally, WRECO also contains one company that provides institutional capital for residential projects to home builders and developers:[3]
WRECO closed 5,836 houses in 2006.[4]
Northwest Landing is a 3,000-acre (12 km2), 40-year "master planned community", in Dupont, Pierce County, Washington, developed by Quadrant Homes.[5][6]
The Hudson's Bay Company's chief trader, Archibald MacDonald, laid claim to the land in 1833. In 1976 Weyerhaeuser acquired the land in a real estate swap with E. I. du Pont de Nemours and Company. The adjacent town of Dupont was at one time a company town. The Weyerhaeuser Company had wanted the site to build an exporting facility, but lost a bitter legal battle to develop the project.[6]
Part of the site includes native Nisqually burial sites and the historic Fort Nisqually site. The property is adjacent, on its western side, to the Nisqually Wildlife Refuge, which contains river delta wetlands. The core site is an old DuPont explosives factory, where the company manufactured black powder and other explosives between 1906 and the 1970s, this caused part of the property to become a hazardous waste site and required environmental remediation.[7][8]