Eugene Horbach Explained

Eugene Horbach
Birth Name:Eugene Horbach
Birth Date:June 27, 1926
Birth Place:Klicz, Poland
Death Date:January 1, 2004
Resting Place:Sunset Hills Memorial Park Bellevue, King County, Washington, USA
Occupation:Real estate developer
Known For:real estate and property development
Spouse:Joyce Saari
Children:3
Parents:Luba Horbach and Nikifore Horbach

Eugene Horbach (June 27, 1926  - January 1, 2004) was a real estate developer in the western United States from the 1960s to 2004.

Early life

Horbach was born of Ukrainian stock in Klicz, Poland. He was the only child of Luba and Nikifore Horbach.[1] Horbach was 12 years old at the onset of World War II. It has been reported that he spent years in either a refugee camp or a forced-labor camp. He graduated from the Technische Hochschule Darmstadt (today Technische Universität Darmstadt) in 1950 before moving to the United States and serving in the US Army for two years.[2] Horbachthen married Joyce Saari, and the couple moved to Bellevue, Washington, in 1953.

Career

He began his career in the 1960s by founding E&H Properties and developing properties throughout the western United States.[1] In the 1980s, Horbach and Seattle developer Michael R. Mastro built office buildings for Boeing in south King County, Washington. Mastro estimated that they sold between $250 million and $300 million to the company.[2]

He was active in Bellevue as it grew during the 1990s. During the dot-com boom, he planned a mixed-use project over a multiple-acre superblock that he had spent 17 years acquiring. He also planned the state of the art Technology Tower.[3] He experienced financial difficulties and his projects stalled with the collapse of the dot-com bubble. He sold most of the superblock to finance construction of the ailing Technology Tower and placed at least two properties in Salt Lake City in bankruptcy protection.[4]

Personal life

Horbach and his wife had two daughters and one son. He served as president of the local Ukrainian Trinity Orthodox Church, was a supporter of the Seattle Symphony and a benefactor of the Holy Rosary Catholic parish.[1] He died at Seattle's Harborview Medical Center on January 1, 2004, from complications suffered after a fall.[2]

Notes and References

  1. News: Eugene Horbach, maverick Bellevue developer. Shevory . Kristina. January 6, 2004. The Seattle Times. February 25, 2010.
  2. News: Eugene Horbach died 'chasing his next deal'. Stiles. Marc. January 6, 2004. Seattle Daily Journal of Commerce. February 25, 2010.
  3. News: Developer tries to sell key downtown Bellevue block. Lindblom. Mike. June 27, 2001. The Seattle Times. February 25, 2010.
  4. Web site: Bellevue superblock project finally moves past roadblocks. Boyer. Tom. September 17, 2005. The Seattle Times. January 11, 2010.