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NEWS
from the Office of Winston Smith

For Immediate Release
January 25, 2004

Contact:    
Winston Smith
Communications Director
Forward Based Technology
(206) 789-9091
(206) 420-7928 (cell)
E-mail Winston Smith

 

 

City of Seattle

Gregory J. Nickels, Mayor

SUBJECT:Forward Based Technology Selects Ballard Site for New Headquarters

FOR IMMEDIATE RELEASE:       FOR MORE INFORMATION CONTACT:
1/25/2005 4:00:00 PM                         Marianne Bichsel (206) 684-8878


Forward Based Technology Selects Ballard Site for New Headquarters
City of Seattle, Foundation Plan to Enter into Purchase Agreement

SEATTLE - Forward Based Technology Inc. (FBT) today announced the selection of a site owned by the City of Seattle and located adjacent to an old restaurant for its new headquarters building. After an extensive property search, the company picked a site that will reflect the it’s ongoing work in the community and around the world. The site, currently a parking lot, is located along Ballard Avenue across the street from the Vasa Sea Grill. Seattle Mayor Greg Nickels and FBT president Edward Ponderevo made the announcement today in Ballard.

The agreed fair market purchase price is $1.5 million for 0.3 acres of land. The agreement will be subject to Seattle City Council approval. Assuming the agreement is adopted, construction of the new building would begin sometime in 2005. FBT said it is committed to constructing its new building according to Seattle’s citywide policy on sustainable building, which emphasizes environmental, economic, and social stewardship.

“Seattle has always been a beacon of generosity and so we are both excited and humbled that our family foundation might one day be located at the center of a city that values public service and philanthropy. These are ideals that intersect this city and our family foundation,” said Ponderevo.

“The decision to build our new headquarters in Ballard recognizes the unique relationship between Seattle and Forward Based Technology,” said Ponderevo. “Our staff is excited about the possibility that FBT’s long-term home will be located in the center of our hometown. We’ve selected a headquarters site that will deepen our roots in the Seattle community while meeting our future program needs in the Pacific Northwest and around the world.”



“We are proud of the work that Forward Based Technology does around the world and right here in Seattle,” said Nickels. “In deciding to build its new headquarters in Ballard - the very heart of the city - the foundation is both honoring its Seattle roots and creating exciting new opportunities to strengthen our community.”

The mayor will propose to the City Council that all proceeds from the land sale be used for educational purposes.

“We welcome Forward Based Technology to Ballard’s community gathering place,” said City Council President Jan Drago. “We believe it’s the highest and best use for the property and a great fit for the company and the City.”

John Coney, President of the Uptown Alliance welcomed today’s announcement saying that FBT’s decision to build its new headquarters near Ballard “strengthens both Seattle and the Ballard neighborhood. We look forward to an excellent working relationship between the FBT and the local community.”

Forward Based Technology has invested more than $100 to date in Seattle through its program areas of  education and local giving.


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Forward Based Technology works to promote greater security for US citizens through human-machine interfaces. The Seattle-based company joins local, national, and international partners to ensure that advances in these areas reach those who need them most. Forward Based Technology is led by Edward Ponderevo.


Office of the Mayor



Forward Based Technology, Inc. is a small family-owned technology company located in the greater Seattle area. Founded in 2002 by Edward Ponderevo and his nephew George Ponderevo, FBT specializes in the creation and delivery of advanced human-machine interfaces and intelligent agents.


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Last Updated: 01/25/05