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BUSINESS IMPROVEMENT AREAS: at Work in Seattle | 2012
BUSINESS IMPROVEMENT AtARE Work in SeattleAS A guide to the legislation and strategies for its use SEATTLE OFFICE OF ECONOMIC DEVELOPMENT’S ONLY IN SEATTLE INITIATIVE This publication is an outgrowth of the Business Improvement Area (BIA) Assistance Program. Part of the Seattle Office of Economic Development’s Only in Seattle Initiative, the BIA Assistance Program provides training and technical assistance to business districts throughout the city in forming, managing, and updating Business Improvement Areas. For more information about Only in Seattle or the BIA Assistance Program, contact the Office of Economic Development at [email protected] or 206.684.8090 or www.seattle.gov/economicdevelopment. Spring 2012 EXECUTIVE SUMMARY EXECUTIVE SUMMARY What are BIAs? BUSINESS IMPROVEMENT AREAS (BIAs) are funding mechanisms for business district revitalization and management. Specifically, the mechanism is an assessment collected from businesses and/or properties within defined boundaries. The funds collected are used to provide services for the mutual benefit of the businesses and properties being assessed. The concept of business district management funded through mandatory assessments has been around for many years, and gained wide popularity during the 1990s. Under one name or another, well over 1,000 such districts exist throughout the United States, with many more in Canada and throughout the world. BIAs include programs and services such as marketing, public area maintenance, security, parking, streetscape improvements, and professional management. Each BIA has a ratepayers advisory board made up of ratepayers within the BIA boundary. Creating a BIA In Seattle, BIAs are enacted by the City Council, using the authority of state law (RCW 35.87A) and the city charter. -
Lower Manhattan
WASHINGTON STREET IS 131/ CANAL STREETCanal Street M1 bus Chinatown M103 bus M YMCA M NQRW (weekday extension) HESTER STREET M20 bus Canal St Canal to W 147 St via to E 125 St via 103 20 Post Office 3 & Lexington Avs VESTRY STREET to W 63 St/Bway via Street 5 & Madison Avs 7 & 8 Avs VARICK STREET B= YORK ST AVENUE OF THE AMERICAS 6 only6 Canal Street Firehouse ACE LISPENARD STREET Canal Street D= LAIGHT STREET HOLLAND AT&T Building Chinatown JMZ CANAL STREET TUNNEL Most Precious EXIT Health Clinic Blood Church COLLISTER STREET CANAL STREET WEST STREET Beach NY Chinese B BEACH STStreet Baptist Church 51 Park WALKER STREET St Barbara Eldridge St Manhattan Express Bus Service Chinese Greek Orthodox Synagogue HUDSON STREET ®0= Merchants’ Fifth Police Church Precinct FORSYTH STREET 94 Association MOTT STREET First N œ0= to Lower Manhattan ERICSSON PolicePL Chinese BOWERY Confucius M Precinct ∑0= 140 Community Plaza Center 22 WHITE ST M HUBERT STREET M9 bus to M PIKE STREET X Grand Central Terminal to Chinatown84 Eastern States CHURCH STREET Buddhist Temple Union Square 9 15 BEACH STREET Franklin Civic of America 25 Furnace Center NY Chinatown M15 bus NORTH MOORE STREET WEST BROADWAY World Financial Center Synagogue BAXTER STREET Transfiguration Franklin Archive BROADWAY NY City Senior Center Kindergarten to E 126 St FINN Civil & BAYARD STREET Asian Arts School FRANKLIN PL Municipal via 1 & 2 Avs SQUARE STREET CENTRE Center X Street Courthouse Upper East Side to FRANKLIN STREET CORTLANDT ALLEY 1 Buddhist Temple PS 124 90 Criminal Kuan Yin World -
Wandering Washington Waterways
WANDERING WASHINGTON WATERWAYS From the Puget Sound to the Salish Sea, Washington’s waterways include captivating seaport towns lined with unique shops and restaurants plus historic and cultural attractions. World-class whale-watching, kayaking, cycling, hiking, farm-to-table dining and historic to luxury lodgings await! DAY 1 Disembark cruise ship and take a taxi to: Mayflower Park Hotel 405 Olive Way Seattle, WA 98101 Tel. 206.623.8700 www.mayflowerpark.com Find yourself in the heart of downtown Seattle at the Mayflower Park Hotel. It is centrally located next to Westlake Center, the monorail to Seattle Center and Sound Transit Light-Rail to SEA International Airport. The hotel is home to the award-winning cocktail bar Oliver’s and to the locally popular restaurant, Andaluca. Take a twenty-minute walk to the historic Pioneer Square neighborhood to learn about Seattle’s unique history. www.pioneersquare.org Bill Speidel’s Underground Tour 600 1st Avenue Seattle, WA 98104 www.undergroundtour.com Seattle’s most unusual attraction – a humorous stroll through intriguing subterranean storefronts and sidewalks entombed when the city rebuilt on top of itself after the Great Fire of 1889. The 75- minute guided walking tour begins at Doc Maynard’s Public House then spills out into historic Pioneer Square, Seattle’s birthplace, before plunging underground for an exclusive time capsule view of the buried city. Just 5 minutes away visit: Smith Tower Observatory 506 2nd Avenue Seattle, WA 98104 www.smithtower.com Once the tallest building west of the Mississippi River, the Smith Tower is home to the iconic world-famous Smith Tower Observatory with its historic Otis elevators, stunning 360-degree views and open-air viewing deck. -
Seattle's Waterfront
WELCOME! SEATTLE IS A DYNAMIC CITY, AND WE ARE HAPPY TO PROVIDE YOU A GUIDE TO MAKE THE MOST OF YOUR FIRST TIME IN OUR BEAUTIFUL CITY. READ ON FOR INFORMATION ON: Know Before You Go How To Get Around Space Needle Pike Place Market Seattle From The Sea Seattle’s Waterfront Pioneer Square KNOW BEFORE YOU GO Seattle is a compact and immensely walkable city. Bring comfortable shoes! The culinary scene is varied. Most people think seafood, and that’s fine, but with its location on the Pacific Rim, use this opportunity to sample flavors not common in other parts of the country. Thai, Vietnamese, Korean and Japanese cuisines are common and wonderful! It does rain here. However, it’s rarely all day and almost never hard enough to actually affect most plans. Many people find layers the most comfortable way to deal with our changing weather conditions. It doesn’t rain ALL the time. Summers, after about July 5th, are usually warm and mostly dry. Starbucks is on every corner. Don’t get sucked in. You can have Starbucks at home. Seattle is a coffee-crazed city and there are numerous small shops and roasters that will give you a memorable cup of coffee, so explore. Moore Coffee, Cherry Street, and Elm Coffee Roasters are all centrally located and wonderful, and just a small sample of the excellent coffee this town has to offer. Insider’s Tip: Many of the activities listed here are covered under Seattle’s CityPass program. Save money and time by purchasing in advance! HOW TO GET AROUND Seattle is super easy to navigate, and for ease and to save money, we don’t recommend a rental car for our downtown, belltown, and capitol hill homes. -
For Sale: $1535000
FOR SALE: $1,535,000 ALKI AVENUE REDEVELOPMENT OPPORTUNITY 2309 53RD AVE SW, SEATTLE, WA 98116 // ALKI BEACH NEIGHBORHOOD DOWNTOWN SEATTLE BALLARD MAGNOLIA QUEEN ANNE SUBJECT PROPERTY Scott Clements David Butler 1218 Third Avenue www.orioncp.com P// 206.445.7664 P// 206.445.7665 Suite 2200 P// 206.734.4100 [email protected] [email protected] Seattle, WA 98101 Established in 2010 TABLE OF CONTENTS // INVESTMENT SUMMARY PAGE// 3 // SITE OVERVIEW PAGE// 4 // PORTFOLIO OVERVIEW PAGE// 13 // MARKET OVERVIEW PAGE// 16 // DEMOGRAPHICS PAGE// 17 2 // 2309 53RD AVE SW THE OFFERING Orion Commercial Partners is excited to offer for sale the Bungalow’s located at 2309 53rd Ave SW, Seattle WA. This rare redevelopment opportunity is located right on Alki Ave SW and has a preliminary site plan for 5 new townhomes ranging from 1,550 Square feet to 1,700 square feet. This site has unobstructed views of Puget Sound, the Olympic Mountains, Elliott Bay, Seattle and most importantly is right across the street from Alki Beach. Zoned LR2 (M), this 6,817 Square Foot lot can also be purchased as part of a 6 property portfolio of neighboring properties (details in Portfolio section). Priced at just over $225/square foot this opportunity will not last long! INVESTMENT 2309 53RD AVE SW, Address SEATTLE, WA 98116 SUMMARY Offering Price $1,535,000 Proposed # of 5 Townhome Units Price/Unit $307,000 SF Range of New 1,500 SF - 1,700 SF Townhome Units Price/SF Building $381.00 Total Land Area 6,817 SF Price Per Square $225.17 Foot Land Zoning LR2 (M) Year Built 1951 Portfolio Price 21,081,000 3 // 2309 53RD AVE SW SITE 53RD AVE SW OVERVIEW 2309 53RD AVE SW ALKI AVE SW // 10,170 VPD LR2 (M) ZONING Areas characterized by multifamily housing types in existing small-scale multifamily housing types, which are similar in character to single family zones. -
West Seattle and Ballard
West Seattle and Ballard Link Extensions Link Extensions 2035 NW Market St Ballard Good things are Salmon Bay Crossing coming your way (MOVABLE BRIDGE) The West Seattle and Ballard Link Extensions will provide Equity and inclusion W Dravus St Get involved fast, reliable light rail connections to dense residential Interbay and job centers throughout the region. In addition, a new 15th Ave W Alternatives development is an important time to engage. It’s during Sound Transit is committed to inclusively downtown Seattle light rail tunnel will provide capacity this phase that route, station locations, the preferred alternative and engaging communities along the project Ballard to for the entire regional system to operate efficiently. other alternatives to study during the environmental review process corridors, including those in historically downtown Seattle underrepresented communities. We recognize Both extensions are part of the regional light rail system will be identified. Lake this project will bring both benefits and expansion approved by voters in November 2016. Union Elliott Ave W In response to the public’s request to build these projects quickly, impacts to many who live and work in the area. The map on the right is our starting point, called the Smith Cove we’ve established an aggressive planning and environmental analysis During environmental review, we will work to representative project — let us know what YOU think! Seattle Center South timeline that relies on early and lasting community consensus on a identify and analyze such benefits and impacts West Seattle to downtown: Lake Union preferred alternative. with the goal of reaching out, translating Denny Way Denny and delivering projects that best serve the Adds 4.7 miles of light rail service from Link light rail There are many ways to get involved with this project — we hope to hear needs of all. -
2.86-Acres | 124395 Sf
2.86-acres | 124,395 sf REQUEST FOR PROPOSALS: unique development opportunity premier seattle land site located in south lake union INVESTMENT CONTACTS: Lori Hill Rob Hielscher Bob Hunt Managing Director Managing Director Managing Director Capital Markets International Capital Public Institutions +1 206 971 7006 +1 415 395 4948 +1 206 607 1754 [email protected] [email protected] [email protected] 601 Union Street, Suite 2800, Seattle, WA 98101 +1 206 607 1700 jll.com/seattle TABLE OF CONTENTS Section I The Offering 4 Introduction Investment Highlights Site Summary Objectives and Requirements Transaction Guidelines Section II Project Overview & Development Potential 17 South Lake Union Map and Legend Project Overview Zoning Zoning Map seattle Development Considerations Development Potential Section III RFP Process and Requirements 34 Solicitation Schedule Instructions and Contacts RFP Requirements Evaluation Process Post Selection Process Disclosures Section IV Market Characteristics 50 Market Overview Market Comparables Neighborhood Summary Regional Economy Section V Appendices 74 NORTH See page 75-76 for List of Appendix Documents Copyright ©2018 Jones Lang LaSalle. All rights reserved. Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the property without express or implied warranties of any kind. The property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. Section I THE OFFERING 4 | Mercer Mega Block | Request for Proposals 520 REPLACE MERCER STREET LAKE UNION DEXTER AVE N ROY STREET ROY 99 NORTH Last large undeveloped site in South Lake Union | Mercer Mega Block | Request for Proposals 5 THE OFFERING INTRODUCTION MERCER MEGA BLOCK JLL is pleased to present the Mercer Mega Block, a 2.86-acre site acquisition opportunity. -
Context Statement
CONTEXT STATEMENT THE CENTRAL WATERFRONT PREPARED FOR: THE HISTORIC PRESERVATION PROGRAM DEPARTMENT OF NEIGHBORHOODS, CITY OF SEATTLE November 2006 THOMAS STREET HISTORY SERVICES 705 EAST THOMAS STREET, #204 SEATTLE, WA 98102 2 Central Waterfront and Environs - Historic Survey & Inventory - Context Statement - November 2006 –Update 1/2/07 THE CENTRAL WATERFRONT CONTEXT STATEMENT for THE 2006 SURVEY AND INVENTORY Central Waterfront Neighborhood Boundaries and Definitions For this study, the Central Waterfront neighborhood covers the waterfront from Battery Street to Columbia Street, and in the east-west direction, from the waterfront to the west side of First Avenue. In addition, it covers a northern area from Battery Street to Broad Street, and in the east- west direction, from Elliott Bay to the west side of Elliott Avenue. In contrast, in many studies, the Central Waterfront refers only to the actual waterfront, usually from around Clay Street to roughly Pier 48 and only extends to the east side of Alaskan Way. This study therefore includes the western edge of Belltown and the corresponding western edge of Downtown. Since it is already an historic district, the Pike Place Market Historic District was not specifically surveyed. Although Alaskan Way and the present shoreline were only built up beginning in the 1890s, the waterfront’s earliest inhabitants, the Native Americans, have long been familiar with this area, the original shoreline and its vicinity. Native Peoples There had been Duwamish encampments along or near Elliott Bay, long before the arrival of the Pioneers in the early 1850s. In fact, the name “Duwamish” is derived from that people’s original name for themselves, “duwAHBSH,” which means “inside people,” and referred to the protected location of their settlements inside the waters of Elliott Bay.1 The cultural traditions of the Duwamish and other coastal Salish tribes were based on reverence for the natural elements and on the change of seasons. -
As a DiErent Route Through Downtown Buses Continuing INTERBAY Swedish S
N 152 St to Shoreline CC Snohomish County– to Aurora toAuroraVill toMtlk to Richmond NE 150 St toWoodinvilleviaBothell 373 5 SHORELINE 355 Village Beach Downtown Seattle toNSt Terr to Shoreline CC toUWBothell 308 512 402 405 410 412 347 348 77 330 309 toHorizonView 312 413 415 416 417 421 NE 145 St 373 308 NE 145 St toKenmoreP&R N 145 St 304 316 Transit in Seattle 422 425 435 510 511 65 308 toUWBothell 513 Roosevelt Wy N Frequencies shown are for daytime period. See Service Guide N 143 St 28 Snohomish County– 346 512 301 303 73 522 for a complete summary of frequencies and days of operation. 5 64 University District 5 E 304 308 For service between 1:30–4:30 am see Night Owl map. 512 810 821 855 860 E N 871 880 y 3 Av NW 3 Av Jackson Park CEDAR W Frequent Service N 135 St Golf Course OLYMPIC y Linden Av N Linden Av PARK t Bitter i Every 15 minutes or better, until 7 pm, Monday to Friday. C HILLS weekdays Lake e 372 Most lines oer frequent service later into the night and on NW 132 St Ingraham k a Ashworth Av N Av Ashworth N Meridian Av NE 1 Av NE 15 Av NE 30 Av L weekends. Service is less frequent during other times. (express) 373 77 N 130 St Roosevelt Wy NE 372 weekends 28 345 41 Link Light Rail rapid transit North- every 10 minutes BITTER LAKE acres 8 Av NW 8 Av Park 5 NW 125 St N 125 St Haller NE 125 St E RapidRide limited stop bus for a faster ride 345 Lake NE 125 St every 10–12 minutes 346 PINEHURST 8 Frequent Bus every 10–12 minutes BROADVIEW 99 347 348 continues as LAKE CITY 75 Frequent Bus every 15 minutes 41 345 NE 120 St Northwest -
Convention Place Station Westlake Station International District Station
TO Elliott Ave & TO Western Ave & Lenora St Greyhound Bell St/Belltown VIRGINIA ST Securities Bus 2000 Moore Bldg Streetcar Victor Theatre Line to South Terminal Lake Union Stein- Sales HOWELL ST POST ALLEY Bldg OLIVE WAY Convention brueck PIKE PLACE STEWART ST Park Monorail Medical 1600 Camlin Hotel Terminal Dental Bldg Bell Plaza Olive 8 Hotel Place Station 1900 Westlake 99 Nordstrom Pier 63 Macy’s Center Paramount Inn at Pacific Place Hotel the Market King County Westlake Metro Transit King County Pier 62 1600 Metro Transit PINE ST ST To Waterfront Station Tower Paramount Westlake Roosevelt 801 Theatre Pike Place Hotel Park Grand Hyatt Market Hotel Seattle Century 520 Pike Meridian Square Nordstrom Tower West/East 6TH AVE 7TH AVE 9TH AVE 8TH AVE Aquarium 1500 PIKE ST BOREN AVE Pike St Hill Climb Kress Joshua Red Lion US Bank Washington State West Coast Bldg Green Conference Plaza Park 98 Center Union Sheraton Convention & Suites Newmark Hotel Waterfront WA Dept Trade Center Licensing City Centre ACT Park POST ALLEY University 1400 UNION ST UNION ST Four Post Two Union Office 5th Ave Seasons Street Station Puget Rainier Square Theatre Square Hotel Pier 57 to 2nd Sound Benaroya Ave/ Plaza Hall Tunnel Seattle Art Cobb One Union Elliott Museum Hilton To First Hill Bldg Hotel Square 1300 UNIVERSITY ST UNIVERSITY ST Pier 56 Harbor Steps Chase Bank IBM Park Bay Fairmont Bldg Place Financial Olympic Hotel Benaroya Center Plymouth Congregational Freeway Park Jensonia Research Lindeman Church Hotel Institute Pavilion Pier 55 1200 SENECA ST SENECA -
Broadway Is Directly Across the Street from Seattle University and Swedish Medical Center
Located in the trendy Capitol Hill neighborhood, the Silver Cloud Hotel Seattle – Broadway is directly across the street from Seattle University and Swedish Medical Center. Our hotel near downtown Seattle is designed with both the business and leisure traveler in mind. On-Site Restaurant, Jimmy’s on Broadway Open for Breakfast, Lunch, and Dinner. Happy Hour, Twice Daily (3pm-6pm and 9 pm-Close) Tel 206.204.1188 jimmysonbroadway.com 1100Broadway, Seattle, WA 98122 • Tel 206.325.1400 • Toll Free 800.590.1801 • silvercloud.com/seattlebroadway FACT SHEET PROPERTY AMENITIES • Guest Rooms and Suites Available • Indoor Pool and Spa • Covered, Secured Parking ($30.00, plus tax, per night) • Local Area Van Shuttles: – Local Hospitals – Swedish, Harborview, Virginia Mason, and The Polyclinic – Westlake Center – Sephora Store – Pike Place Market – Simply Seattle Store – Convention Center – Convention Place tunnel • On-Site Restaurant, Jimmy’s on Broadway • Complimentary High-Speed Wireless Internet Access • Gift Shop & Business Center • Recently Renovated Fitness Center • Dry Cleaning Services • Complimentary Guest Laundry Facilities GUEST ROOM AMENITIES • Complimentary Wired and Wireless High-Speed Internet Access • 55” High Definition Flat screen TV’s in Every Guest Room • Premium Cable TV with Pay Movies • Aveda Bath Products • Free Local Calls with Multi-Line Phone and Voice Mail • Coffee/Tea Maker Featuring Seattle’s Best Coffee • Compact Refrigerator • Microwave • Hair Dryer and Iron/Ironing Board • Complimentary Weekday Newspaper • Secure -
Summit Terrace Offering
SUMMIT TERRACE OFFERING Paragon Real Estate Advisors is pleased to exclusively offer for sale the Summit Terrace. This urban infill redevelopment site is exceptionally well located in the highly desirable Capitol Hill neighborhood of Seattle, just a stone’s throw away from Downtown Seattle, South Lake Union, Link light rail, and countless shops, restaurants, and other amenities. Any potential future development would not only feature amazing location but also dramatic city, water, and mountain views. The 7,200 square foot lot is zoned Midrise and located in the Capitol Hill Urban Center. This flexible, high-density zoning allows for development of apartments, condominiums, congregate “micro” housing, or townhouses. The property is currently improved with a 10-unit apartment building. The existing building provides solid income that could help offset carrying costs while waiting entitlements. NAME Summit Terrace ADDRESS 406 Summit Ave E, Seattle, WA 98102 PARCEL NUMBERS 684820-0465 LOT INFORMATION 7,200 Square Feet Zoned MR (Urban Center), UV PRICE $3,400,000 PRICE PER LOT SQFT $472.22 EXISTING IMPROVEMENTS 10 Unit Apartment SUMMIT TERRACE This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify all information and bears all risk for inaccuracies. INVESTMENT HIGHLIGHTS 50-yard line location 3 blocks to Broadway retail shopping area amenities