Q4 2023 Project Overview
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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 The property may be withdrawn without notice.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. -
Major Offices, Including T- Mobile’S Headquarters Within the Newport Corporate Center, Due to Its Easy Access Along the I-90 Corridor
Commercial Revalue 2018 Assessment roll OFFICE AREA 280 King County, Department of Assessments Seattle, Washington John Wilson, Assessor Department of Assessments King County Administration Bldg. John Wilson 500 Fourth Avenue, ADM-AS-0708 Seattle, WA 98104-2384 Assessor (206)263-2300 FAX(206)296-0595 Email: [email protected] http://www.kingcounty.gov/assessor/ Dear Property Owners, Our field appraisers work hard throughout the year to visit properties in neighborhoods across King County. As a result, new commercial and residential valuation notices are mailed as values are completed. We value your property at its “true and fair value” reflecting its highest and best use as prescribed by state law (RCW 84.40.030; WAC 458-07-030). We continue to work hard to implement your feedback and ensure we provide accurate and timely information to you. We have made significant improvements to our website and online tools to make interacting with us easier. The following report summarizes the results of the assessments for your area along with a map. Additionally, I have provided a brief tutorial of our property assessment process. It is meant to provide you with background information about the process we use and our basis for the assessments in your area. Fairness, accuracy and transparency set the foundation for effective and accountable government. I am pleased to continue to incorporate your input as we make ongoing improvements to serve you. Our goal is to ensure every single taxpayer is treated fairly and equitably. Our office is here to serve you. Please don’t hesitate to contact us if you ever have any questions, comments or concerns about the property assessment process and how it relates to your property. -
Beyond Real Estate Increment: the Value of the Central Seattle Waterfront a Study of the Economic, Fiscal, and Community Benefits of Seattle’S New Regional Waterfront
BEYOND REAL ESTATE INCREMENT: THE VALUE OF THE CENTRAL SEATTLE WATERFRONT A STUDY OF THE ECONOMIC, FISCAL, AND COMMUNITY BENEFITS OF SEATTLE’S NEW REGIONAL WATERFRONT FEBRUARY 2019 Text Waterfront Seattle is a 26-block transformative open space and roadway improvement project that will reconnect Downtown Seattle, the City, and the region with its waterfront, generating new economic activity and improving the quality of life for the surrounding community and region. Text EXECUTIVE SUMMARY ECONOMIC & FISCAL IMPACTS EQUITY CITY BUILDING & TALENT RETENTION TECHNICAL APPENDICES Waterfront Seattle Benefits Study | 3 Text EXECUTIVE SUMMARY | SCOPE OF WORK HR&A Advisors was engaged to perform a detailed analysis of the projected benefits of the Waterfront Seattle project. This analysis and report serves as an update to HR&A’s earlier analyses and reflects the more detailed project plans now available.1 PROJECT CONTEXT BENEFITS ANALYSIS NEXT STEPS Updated Program Economic & Fiscal Impact Waterfront Seattle Completion Analysis Updated Capital & Operating Friends’ Equity Agenda Budget Analysis Friends’ Equity Agenda Implementation Definition Local Equity Challenges Performance Tracking Research Equity & Quality of Life Benefits Definition 1. Past HR&A Studies: 2013 Economic Impact Study, 2013 Visitation Study, 2016 Programming & Business Concept Plan. Waterfront Seattle Benefits Study | 4 Text OPPORTUNITIES The project presents a significant opportunity to strengthen the Seattle waterfront and its ability to produce benefits for the surrounding -
Market Update
2018 MARKET UPDATE PRESENTED TO PRESENTED BY BRIAN HATCHER Kidder Mathews Executive Vice President, Brokerage MARCH 14, 2018 Seattle/Eastside Office Markets EASTSIDE 2017 Year-End Review SEATTLE 2017 MARKET HIGHLIGHTS SEATTLE EASTSIDE Total Market Size 78,771,784 s.f. 49,901,562 s.f. Strong rent growth in all markets is projected as vacancy rates are at all-time lows Year-End Vacancy Rate 5.17% 4.84% Net Absorption - SF 1,532,346 s.f. 1,232,120 s.f. Net Absorption - SF/New Job 74.73 s.f. 60.09 s.f. There is 7.4 million sf currently under construction, with over 70% pre-leased Under Construction 6,993,250 s.f. 403,000 s.f. Sales Volume Over (>$10M) $2,048,723,183 $1,039,496,253 The Urban Land Institute (ULI) ranks Seattle Seattle MSA Job Growth 20,506 as the No. 1 market in the country for Rate of Growth 1.31% investment in 2018 Unemployment Rate 3.90% AMAZON MICROSOFT Year-End Occupancy 10,940,500 sf Year-End Occupancy 14,735,144 sf % of Seattle Market 13.89% % of Eastside Market 29.53% 2017 Absorption 884,000 sf Year-End Puget Sound Employees 47,121 % of Total Seattle Absorption 57.69% Year-End Seattle Employees 41,000 (est) 2017 Greater SeattleOfficeSales 2017 Greater MIDTOWN 21 / Year Average Value Transaction Average Transactions # Total Volume Sales Total 10-YEAR TOTALS $24.212B CENTRE 425 $76.14M $2.42B 315 10-YEAR HISTORICALYEAR-ENDOFFICESALES>$10M $1.5B $2.5B $3.5B $4.5B $5.5B $6.5B $7.5B 500M TILT 49 0 2008 2009 2010 2011 2012 2013 2014 24 $459M Transactions $19.13M Average Transaction Value 5 $336M Transactions $67.2M Average -
NAIOP Honors the Best Brokers, Projects and Buildings of 2020 by BRIAN MILLER Real Estate Editor
November 12, 2020 NAIOP honors the best brokers, projects and buildings of 2020 By BRIAN MILLER Real Estate Editor Owing to the pandemic, NAIOP's Night of the Stars was an entirely virtual affair last Friday. It was the first time the annual gala was conducted via computer, and not held in a ballroom. However, what you missed in person can be viewed online in the photo gallery at naiopwa.org, including both winners and nominees. Not just buildings were honored. In the non-brick and mortar categories, Eli Hanacek of CBRE was named investment broker of the year. Among industrial brokers, Bill Condon of Colliers took the top spot. For office brokers, Jesse Ottele of Newmark Knight Frank was so honored. Vulcan Real Estate was also named developer of the year. And, jumping ahead to Multifamily Residential Urban Development, More than 100 Units, its Jackson Apartments was the winner. (Runberg Architecture Group was the architect, and Exxel Pacific was the builder.) The other 2020 winners were: • Affordable Housing Development: An Lc, developed by the Low-Income Housing Institute. Runberg was the architect, and Walsh Construction was the builder for the 69-unit project in Little Saigon, which now also home to LIHI's headquarters. • Community Impact Development: Building Cure, owned by Seattle Children's Research Institute. Lease Crutcher Lewis built the 17-story, LEED Gold-certified Denny Triangle project, which was designed by Aedas and Flad Architects. • High-Rise Residential Development: Nexus. Burrard Development of Vancouver, B.C. was the condominium developer, with Weber Thompson as its architect. Skanska USA built the 41-story, 389- unit tower in the Denny Triangle. -
Headquarters Research Building Kenneth Norris Jr
RESEARCH FACILITIES DESIGN LABORATORY DESIGN CONSULTANTS 555 Fayetteville Street, Suite 300 Raleigh, NC 27601 P 919-213-7007 3965 Fifth Avenue, Suite 400 San Diego, CA 92103 P 619-297-0159 www.rfd.com [email protected] Table of Contents RFD PROFILE EDUCATION PROJECTS • RFD At-A-Glance • Relevant Project List 1 • Firm Profile 41 • Relevant Project Profiles • Firm Organization » University of Wyoming » Loyola Marymount University ARCHITECT CLIENT PARTNERS • National/ International Firms INTERNATIONAL PROJECTS 5 • Regional Design Firms • Relevant Project List 47 • Relevant Project Profiles » Pangyo Techno Valley BENCHMARKING DATABASE » MASDAR Institute of Science & 12 Technology BIOMEDICAL PROJECTS • Relevant Project List LEED CERTIFIED PROJECTS 17 • Relevant Project Profiles • Relevant Project List » Government of South Australia 53 • Relevant Project Profiles » University of California, San Diego » Georgia Institute of Technology » Westminster College VIVARIUM PROJECTS • Relevant Project List INDUSTRY & CLINICAL PROJECTS 23 • Relevant Project Profiles • Relevant Project List » University of California, San Francisco 59 • Relevant Project Profiles » University of Nevada, Reno » Biogen IDEC » Kaiser Permanente ENGINEERING PROJECTS • Relevant Project List SAMPLE SCOPE LABORATORY BUILDING 29 • Relevant Project Profiles DESIGN SERVICES » University of California, Berkeley 65 » Marshall University SAMPLE LABORATORY: DIAGRAMS/ DRAWINGS BY PHASE NANOTECHNOLOGY AND CLEANROOM 71 PROJECTS 35 • Relevant Project List • Relevant Project Profiles » Lawrence Berkeley National Laboratory » University of Minnesota RESEARCH FACILITIES DESIGN | Laboratory Design Consultants | We have laboratory planning down to a science. 2015 R&D MAGAZINE LABORATORY OF THE YEAR WINNER SOUTH AUSTRALIAN HEALTH & MEDICAL RESEARCH INSTITUTE Research Facilities Design has been responsible for the design of more than one thousand research and teaching laboratory projects throughout the Firm United States and abroad. -
Alcyone Seattle Washington
Alcyone Seattle, Washington Project Type: Residential Case No: C036007 Year: 2006 SUMMARY The first market-rate housing project in the city of Seattle to be certified through the U.S. Green Building Council’s Leadership in Environment and Energy Design (LEED) program, Alcyone is a 161-unit, seven-story apartment building located in the redeveloping South Lake Union neighborhood. Covering nearly half a block, the structure comprises a mix of loft apartments, studios, and one- and two-bedroom units. Alcyone was designed to conserve water in excess of code requirements by 25 percent, and to use 30 percent less energy than code-based standards for the equivalent of about $40,000 in yearly savings throughout the complex. In addition, 95 percent of the construction waste was diverted from landfills. FEATURES LEED Certified Green Building Urban Revitalization Alcyone Seattle, Washington Project Type: Residential Subcategory: Housing–Multifamily Volume 36 Number 07 April–June 2006 Case Number: C036007 PROJECT TYPE The first market-rate housing project in the city of Seattle to be certified through the U.S. Green Building Council’s Leadership in Environment and Energy Design (LEED) program, Alcyone is a 161-unit, seven-story apartment building located in the redeveloping South Lake Union neighborhood. Covering nearly half a block, the structure comprises a mix of loft apartments, studios, and one- and two-bedroom units. Alcyone was designed to conserve water in excess of code requirements by 25 percent, and to use 30 percent less energy than code-based standards for the equivalent of about $40,000 in yearly savings throughout the complex. -
Annual Report Fiscal 2020 Dear Qualtrics Shareholders
Annual Report Fiscal 2020 Dear Qualtrics shareholders, 2020 was the year when everything changed. Kitchens became contact centers, bedrooms became classrooms, and all commerce became e-commerce. Companies around the world made the equivalent of seven years of digital transformation progress in one year alone. Many organizations have struggled to adapt, but those that have learned to design and deliver a new set of experiences are ready to thrive in the post-COVID-19 world. Today more than ever, organizations must understand the way their customers and employees think and feel about their business, and then relentlessly design and improve the experiences they provide based on that data. That’s Experience Management (XM), the software category Qualtrics created and continues to pioneer. XM is one of the fastest growing markets in software, with an estimated $60 billion total addressable market. We have a 10 year head start on this market, and we see significant opportunity ahead. 2020 was a very strong year of growth for Qualtrics and the XM category. Our subscription revenue was up 34 percent year-over-year. We now serve more than 13,500 customers who are using XM to shape the most important experiences across their customers, employees, products, and brands. We’re building on this momentum in 2021 as XM becomes an indispensable platform for the world’s leading organizations. Our customers are designing new ways of working by listening to their employees and acting on their needs. They’re able to attract and retain the best talent, increase employee engagement, and improve productivity. Our mission-critical system allows them to design the products, services and experiences that their customers want next – resulting in decreased customer churn, increased lifetime value, and reduced cost to serve. -
Downtown Seattle Area 30 Is Known As the Seattle Central Business District (CBD) Or Downtown Seattle and Includes the Following Neighborhoods
Central Business District Area: 30 Commercial Revalue for 2020 Assessment Roll Department of Assessments Setting values, serving the community, and pursuing excellence 500 Fourth Avenue, ADM-AS 0708 Seattle, WA 98104-2384 OFFICE (206) 296-7300 FAX (206) 296-0595 Email: [email protected] http://www.kingcounty.gov/assessor/ Department of Assessments 1 Department of Assessments 500 Fourth Avenue, ADM-AS-0708 John Wilson Seattle, WA 98104-2384 OFFICE: (206) 296-7300 FAX (206) 296-0595 Assessor Email: [email protected] http://www.kingcounty.gov/assessor/ Dear Property Owners, Our field appraisers work hard throughout the year to visit properties in neighborhoods across King County. As a result, new commercial and residential valuation notices are mailed as values are completed. We value your property at its “true and fair value” reflecting its highest and best use as prescribed by state law (RCW 84.40.030; WAC 458-07-030). We continue to work to implement your feedback and ensure we provide you accurate and timely information. We have made significant improvements to our website and online tools to make interacting with us easier. The following report summarizes the results of the assessments for your area along with a map. Additionally, I have provided a brief tutorial of our property assessment process. It is meant to provide you with background information about our process and the basis for the assessments in your area. Fairness, accuracy and transparency set the foundation for effective and accountable government. I am pleased to continue to incorporate your input as we make ongoing improvements to serve you.