Ron Sher, Founder, Third Place Company, Owner of Crossroads Mall, “Sustainable Cities”
Ron Sher is the founder and CEO of Sher Partners, a family real estate development, management and investment firm. One of Ron’s projects was the redevelopment of Crossroads Shopping Center, of which he was the managing partner from 1988 to its sale in 2013. Concurrent with the sale of Crossroads, Ron sold many of his shopping centers to two publicly-traded real estate investment trusts.
Ron is particularly interested in adding to the vitality and health of communities. Most of his recent investments have been in that area. He is the former owner of Elliott Bay Book Company and the founder and majority owner of Third Place Company, the parent company of Third Place Books and the Honey Bear Bakery. Third Place Books has two existing locations — Lake Forest Park and Ravenna — and will be opening a third location later this year in Seward Park. The former opened as a 44,000SF. retail location which facilitated the redevelopment of Lake Forest Park Towne Center. The Third Place Books space included a bookstore, four restaurants, a bakery café, a commons with seating for 500, a stage, book publisher, and a branch of a community college. The Ravenna location, at 65th Avenue NE and NE 20th St., is a community magnet and includes Third Place Books, The Pub at Third Place, and Vios at Third Place café. The Seward Park location also will include a restaurant and a pub, together with Third Place Books.
Ron also is redeveloping a property at the entrance to Laurelhurst, between NE 45th Street and the Burke-Gilman Trail. This property will contain two restaurants and some small mixed use. Another of Ron’s projects is contributing to the revitalization of downtown Bremerton. Sher Partners’ investments all are near the Bremerton ferry terminal and include the 160,000SF former JC Penney building (now a parking garage), the Bremerton Bar and Grill building (a redevelopment of the former Westsound bank branch), and the 245 4th Street office building.
Ron has been active in the community with special emphasis on the role of urbanism and preservation of the environment. He has been particularly active in the Cascade Bicycle Club and recently led the efforts to create the Club’s new home at the Cascade Cycling Center in Magnuson Park.
Ron is a graduate of Colorado College. He has an MBA in Finance from Columbia University and a PhD in Agricultural Economics from Washington State University.