As president of Vibrant Cities, Ming Fung, CPA, takes housing developments in Seattle and Portland from acquisition to entitlement, construction and operation.
“Our goal is to build communities people feel proud to call home,” says Fung. “Currently we are focused on our flagship condominium, along with eight multifamily apartment projects and a 23-story hotel.”
In the past 10 years, Seattle has become a destination global city, attracting residents from around the world and giving Fung confidence it’s ready for a product like Infinity Shore Club — a 37-unit boutique waterfront luxury resort-style condo community.
Fascinated by architecture and the finance side of real estate, Fung had her first taste of building a property and running a business as an accountant fresh out of college. She convinced a lender to loan her $1 million to purchase a commercial property to build a franchise restaurant.
“It definitely jump-started my interests and curiosity in real estate,” she recalls. “After years with Starbucks, traveling globally to implement technology programs, I wanted to focus on my home — Seattle. With a longtime interest in real estate, I started to explore the space by investing in projects, building a custom home and talking to a lot of people. One day, my co-founders and I decided to extend our 20+ years of friendship into a business partnership to build.”
As a co-founder and president of Vibrant Cities, one of a few women-led real estate development firms in the area, she is intentional about building the company’s culture and bringing greater diversity into the industry.
Named Dealmaker of the Year by the Puget Sound Business Journal, Fung challenges herself to problem-solve using unconventional approaches. She works with a select team of industry experts who bring their experience, reputations and circle of influence to each project. The result: Homebuyers pause at every showing, in awe of the high-quality and smart designs that are the signature of Vibrant Cities.