Keystone Development Company

Keystone Development Company has been the real estate development arm of Walsh Investment Company since the early 1970’s. Keystone Development initially focused on permitting, platting, and development of large subdivisions in Alaska, and later expanded into other commercial real estate asset classes. Over the years we have developed properties for a wide range of uses including: retail, office, hotel, warehouse, multi-family residential, and more.

Northrim Bank Office Building

Alaska

1989

Tenant-in-hand Class A Office investment in midtown area of Anchorage, Alaska.

105 West Highland Drive Condominiums

Washington

1995

Eight story luxury condominium development on the south slope of Queen Anne overlooking downtown Seattle.

National Security Centers

Washington

1983

The National Security Centers project included the ground up development and ongoing operation of a high security vault facility in Bellevue, Washington.

Best Western Executive Hotel Denver

Colorado

1993

Walsh Investment acquired, renovated, and operated the 200 room the Best Western Executive Hotel Denver for five years before selling the business in 1998.

Integrated Storage Solutions, Inc (“ISSI”)

Washington

1984

Walsh Investment purchased this well-located warehouse building in Redmond, Washington to support the growth of its rapidly expanding paper and tape media storage business.

Executive Suite Hotel Anchorage

Alaska

1990

The Executive Suite Hotel project in Anchorage, Alaska involved heavy renovation to reposition an existing 1960s era apartment building into a very successful 102 room limited service hotel.

Park Place Condominiums

Alaska

1982

The Park Place Condominiums was a 160,000 square foot ground-up development project of a three building garden apartment complex with 96 luxury condo units and an underground parking garage.

The Flying Machine Bar

Alaska

1978

Walsh Investment Company was both the owner and operator of the Flying Machine Bar which opened in 1978 on the shores of Lake Hood in Anchorage, Alaska.

Settler’s Bay Subdivision

Alaska

1977

The Settlers Bay Subdivision development project was a 200 acre land platting and permitting project in Wasilla, Alaska

Sizzler Restaurants Build To Suit

Alaska

1975

Three build to suit development projects for Sizzler Restaurant locations in Anchorage, Alaska

Anchor River Ranchos Subdivision

Alaska

1974

The Anchor River Ranchos Subdivision was a 600 acre raw land development project just outside of Anchor Point, Alaska.

Keystone Estates Subdivision

Alaska

1974

The Keystone Estates Subdivision project was a 160 acre river front development project on the Kenai River in Soldotna, Alaska, one of Alaska's most popular salmon fishing destinations. 

Keystone Office Building Development

Alaska

1974

Ground up development of a 12,000 square foot low-rise office building to serve as Walsh Investment Company headquarters in the Mid town neighborhood of Anchorage

Fuller Industrial Park Development Plan

Alaska

1973

The property owner retained Walsh Investment Company to create an overall strategic development plan to turn a 40 acre parcel in Anchorage, Alaska into a light industrial park.

Moose River Estates Subdivision

Alaska

1974

The Moose River Estates subdivision project was an 80 acre riverfront land development of large residential lots on the shores of the Kenai River in Sterling, Alaska.

Kachemak Bay Ranchos

Alaska

1972

The Kachemak Bay Ranchos project was a 1,200 acre subdivision development of large 10-40 acre residential lots with nice views of Kachemak Bay in Homer, Alaska.

Mountain Shadows Subdivision

Alaska

1970

The Mountain Shadows subdivision project was a fifteen acre development of one acre residential lots with nice views near Anchorage, Alaska.

Alaska General Alarm Office Development

Alaska

1973

Ground up development of a two story office building, built-to-suit for Alaska General Alarm company in Anchorage, Alaska.

The Estates At Thornbury

Washington

1988

The Estates At Thornbury was a 350-acre high-end residential subdivision development project in Redmond, Washington.

Arctic Self Storage

Alaska

1974

Keystone Development built and operated Arctic Self Storage, the largest self storage facility in Anchorage, Alaska with over 200,000 square feet of indoor storage and two acres of outdoor storage.

Clarion Hotel

Alaska

1984

The Clarion Hotel project was a ground-up development of a 248 room full service hotel on a 152,000 square foot waterfront lot. 

Forest Lake Subdivision

Alaska

1970

The Forest Lake Subdivision development project included permitting, platting, road and electrical installation for 160 acre subdivision in Wasilla, Alaska.

Old Seward Highway Retail Property

Alaska

1970

The company's first commercial property investment was a speculative freestanding retail property on Old Seward Highway in Anchorage, Alaska.