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University District High-Rise Development Site OFFERING MEMORANDUM U-DISTRICT HIGH-RISE SITE UNIVERSITY DISTRICT HIGH-RISE DEVELOPMENT SITE A 42,414 SF Development Site Located in Seattle's University District, 6 Blocks from the DEVELOPUDISTRICT.COM SEATTLE BOTHELL NORTHGATE WASHINGTON BALLARD KIRKLAND PORTLAND U-DISTRICT HIGH-RISE SITE LAKE FREMONT WASHINGTON OREGON U DISTRICT QUEEN ANNE REDMOND CAPITOL SOUTH HILL BELLEVUE LAKE UNION ELLIOTT BAY SEATTLE SOUTH MERCER WEST SEATTLE ISLAND SEATTLE SAN FRANCISCO CALIFORNIA LOS ANGELES EXCLUSIVELY LISTED BY DYLAN SIMON JERRID ANDERSON MATT LAIRD Executive Vice President Executive Vice President Senior Associate 206.414.8575 206.499.8191 425.736.5516 [email protected] [email protected] [email protected] DEVELOPUDISTRICT.COM The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies. U-DISTRICT HIGH-RISE SITE 01 EXECUTIVE SUMMARY EXECUTIVE 4541 9TH AVE NE SUMMARY APN:533520-0555 The U-District High-Rise Site is located 4533 9TH AVE NE blocks from Seattle’s esteemed APN:533520-0565 University of Washington and is comprised 4529 9TH AVE NE APN:533520-0576 of 9 parcels of land totaling 42,414 SF. With 320-foot, high-rise development potential, the site is perfectly poised to benefit from the blossoming innovation ecosystem developing in the University District as a result of encouraging partnerships between the university and large, local employers. 4525 9TH AVE NE APN:533520-0581 4501 9TH AVE NE | SEATTLE, WASHINGTON APN:533520-0595 320 FT 42,414 SF APN:082504-9020 ZONING HEIGHT TOTAL LAND AREA 4515 9TH AVE NE NE AVE 9TH APN:082504-9032 U-DISTRICT HIGH-RISE SITE 4505 9TH AVE NE APN:082504-9037 17TH AVE NE NE AVE 17TH E N AY NE E V W A T L E H V NE 45TH ST T E 5 S 1 THE AVE O O R 4501 9TH AVE NE APN:082504-9021 NE 45TH ST KIDDER MATHEWS U-DISTRICT HIGH-RISE SITE OFFERING MEMORANDUM 4 EXECUTIVE SUMMARY U-DISTRICT HIGH-RISE SITE 240' RESIDENTIAL 320' 65' 240' 240' MIXED RESIDENTIAL U-DISTRICT HIGH-RISE SITE 42,414 SF Raw Development Site 320 ft High-Rise Zoning 6 blocks to University of Washington (#8 Global University) 4 blocks to Regional Light Rail Station First Time on Market PORTAGE BAY Very Limited Amount Development Potential (see pg. 14 for more info) of Developable Land Office, BioTech, Residential, Hospitality, Student in High-Rise Zones KIDDER MATHEWS U-DISTRICT HIGH-RISE SITE OFFERING MEMORANDUM 5 U-DISTRICT HIGH-RISE SITE 02 THE UNIVERSITY INNOVATION ECOSYSTEM THE UNIVERSITY INNOVATION ECOSYSTEM UNIVERSITY Companies gravitate towards top-tier DISTRICT U-DISTRICT university locations to benefit from the HIGH-RISE SITE collective talent pool. This creates an ecosystem of connection and collaboration between burgeoning brainpower and economic strength. THE VALUE OF INNOVATION ECOSYSTEMS BIOTECH IS EVIDENCED IN TWO MAIN CASE STUDIES: CORRIDOR 3-MIN 1. 2. EASTSIDE BELLEVUE SILICON VALLEY GREATER BOSTON KIRKLAND SOUTH REDMOND LAKE 15-MIN UNION 5-MIN SEATTLE 8-MIN Seattle's esteemed University District is an CBD innovation ecosystem that is ripe for growth. Located at University of Washington's doorstep, the U-District High-Rise Site is perfectly poised to take full advantage of this ecosystem. KIDDER MATHEWS U-DISTRICT HIGH-RISE SITE OFFERING MEMORANDUM 7 30-MIN Case Studies 1. SILICON VALLEY / BAY AREA 1-HR SAN COMPANIES HEADQUARTERED IN SILICON VALLEY FRANCISCO The strength of the Valley’s office market is a reflection of its tenants, which have continued to grow and expand during the COVID-19 pandemic 38-MIN WealthManagement.com PALO VIEW ARTICLE ALTO 2. GREATER BOSTON 11-MIN CAMBRIDGE In 2016, GE transferred its world hQ along with ESTABLISHED ONE OF MOVED ITS U.S. R&D 600 tech-oriented jobs BOSTON ITS LARGEST RESEARCH HEADQUARTER TO CENTERS IN 2014 CAMBRIDGE IN 2015 to Boston in order to be at the center of an 12-MIN ecosystem that shares OTHER COMPANIES NOW IN GREATER BOSTON our aspirations. Facebook, Twitter, and Amazon have established East Coast headquarters or opened engineering and R&D offices in the area, joining Google, IBM, Schlumberger, Jeffrey R. Immelt Microsoft, Comcast, and Oracle, among others THEN-CEO, GE KIDDER MATHEWS U-DISTRICT HIGH-RISE SITE OFFERING MEMORANDUM 8 THE FUTURE OF THE UNIVERSITY DISTRICT The University of Washington’s approved 2019 Master Plan calls for 6,000,000 SF of new development over the next 10 years to support the university and the neighborhood’s exponential growth as it blossoms into an innovation district. The UW is committed to creating an inclusive innovation district within its campus that shall give students the hands-on experiences and tools they need to succeed and shall reinforce the UW as a major innovation and economic hub in STRATEGIC PARTNERSHIPS the region and a top-tier place for learning and The Master Plan aims to support and encourage partnerships between UW academics and nearby industries to foster job professional growth. growth and economic development. VIEW FULL MASTER PLAN WEST CAMPUS RENDERING SOURCE: 2019 SEATTLE CAMPUS MASTER PLAN BUILDING UW'S & THE UNIVERSITY DISTRICT'S FUTURE $5,000,000 $10,000,000 $10,000,000 $10,000,000 $40,000,000 $480,000,000 COMPUTER SCIENCE & COMPUTER SCIENCE & COMPUTER SCIENCE & COMPUTER SCIENCE & COMPUTER SCIENCE & GLOBAL HEALTH ENGINEERING DEPARTMENT ENGINEERING DEPARTMENT ENGINEERING DEPARTMENT ENGINEERING DEPARTMENT ENGINEERING DEPARTMENT DEPARTMENT (IHME) KIDDER MATHEWS U-DISTRICT HIGH-RISE SITE OFFERING MEMORANDUM 9 PERSPECTIVE VIEWS FROM SITE Looking South from 225 ft Looking South from 325 ft KIDDER MATHEWS U-DISTRICT HIGH-RISE SITE OFFERING MEMORANDUM 10 U-DISTRICT HIGH-RISE SITE 03 DEVELOPMENT POTENTIAL DEVELOPMENT 42,414 FT 320 FT TOTAL LAND AREA ZONING HEIGHT POTENTIAL OFFICE, BIOTECH, RESIDENTIAL, Two potential development options HOSPITALITY, STUDENT massed by VIA Architecture POTENTIAL USES 710 Units | Avg Size: 626 SF 281,900 SF Office Floor Area TWO RESIDENTIAL TOWERS OFFICE / R&D LAB TOWER 01 02 KIDDER MATHEWS U-DISTRICT HIGH-RISE SITE OFFERING MEMORANDUM 12 TWO RESIDENTIAL TOWERS | PERSPECTIVE & PLANS 01 TOWER HEIGHTS - 320FT & ~240FT TYPICAL TOWER LEVEL 3BR TOWNHOMES 3BR TOWNHOMES BIRDSEYE SOUTHWEST LEVEL 2 BOH/ LOBBY/ LOADING AMENITY LOADING/BOH LOBBY OPEN AMENITY SPACE 3BR TOWNHOMES 3BR TOWNHOMES GROUND LEVEL SCL/ELEC/MEP BIRDSEYE NORTHWEST PARKING LEVEL KIDDER MATHEWS U-DISTRICT HIGH-RISE SITE OFFERING MEMORANDUM 13 TWO RESIDENTIAL TOWERS | METRICS 01 NORTH TOWER 4500 9500 9500 9500 SITE AREA 42,290 SF 9500 9500 BASE FAR 4.75 SOUTH TOWER 9500 9500 MAX FAR 12.5 2000 6200 9500 TOTAL AREA 547,790 9500 9500 9500 9500 W/3.5% MECH REDUCTION 528.617 9500 9500 9500 9500 FAR 12.5 9500 9500 9500 9500 REQ'D OPEN SPACE 16,387 9500 9500 9500 9500 BUILDABLE SITE AREA 25,903 9500 9500 REQUIRED RES AMENITY 9500 9500 26,431 9500 9500 50% MAX INDOOR AMENITY 13,215 9500 9500 9500 9500 TOTAL # UNITS 710 9500 9500 9500 9500 TOTAL RESIDENTIAL AREA 519,670 9500 9500 9500 9500 ASSUMED EFFICIENCY 83% 9500 9500 9500 9500 TOTAL LEASEABLE AREA 444,266 9500 9500 AVG UNIT SIZE 9500 9500 626 9500 9500 PARKING AREA 160,100 7300 6370 6000 6000 45TH 3250 3450 3850 12080 3200 4920 ALLEY AREA/STALL 375 38900 2250 38900 # OF STALLS 427 41150 PARKING RATIO 0.60 41150 CURRENT OWNERSHIP IN PROGRESS WITH PLANS & PERMITTING FOR SINGLE TOWER DEVELOPMENT. SEE 3035483-LU AT WEB6.SEATTLE.GOV/DPD/EDMS/ OR DOCUMENT LIBRARY FOR MORE INFORMATION KIDDER MATHEWS U-DISTRICT HIGH-RISE SITE OFFERING MEMORANDUM 14 OFFICE / R&D LAB TOWER | PERSPECTIVE & PLANS 02 TOWER HEIGHT - 160FT OFFICE/LAB TYPICAL TOWER LEVEL (4-11) OFFICE/LAB BIRDSEYE SOUTHWEST PODIUM LEVEL LOADING/BOH OPEN OFFICE/LAB OFFICE/LAB SPACE
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