The first major industry to grace the emerald shores of Elliot Bay was logging. From the time of the first colonial activities in 1851, the timber trade proved to be the primary source of Downtown Seattle Property growth in this small northwestern town. The combination of the safe bay and the proximity of lush and dense millennia-old coniferous forests made Seattle the perfect location and in 1852 Henry Yesler began construction on the first steam-powered mill in the Pacific Northwest. Seattle Real Estate quickly boomed, driven by the timber demands of an emerging shipbuilding industry in the area and massive San Francisco building projects kept money flowing into the town.