Seattle New Construction & Proposed Multifamily
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Meets Special Condition S6 of NPDES Permit
King County Department of Natural Resources and Parks Wastewater Treatment Division King Street Center, KSC-NR-0500 201 South Jackson Street Seattle, WA 98104-3855 February 27, 2018 Biniam Zelelow Washington State Department of Ecology 3190 160th Avenue SE Bellevue, WA 98008-5452 Transmittal of King County Industrial Waste Program's 2017 Annual Pretreatment Report Dear Mr. Zelelow: In accordance with Special Condition S6 of the National Pollutant Discharge Elimination System permits for the King County Department of Natural Resources and Parks, Wastewater Treatment Division's treatment plants, I am submitting the 2017 Annual Pretreatment Report. This submittal includes an executive summary and a program narrative for 2017, which provides greater detail on program activities. Please find the narrative portion of the report and a CD containing the appendices enclosed with this letter. In addition, the narrative and appendices will be uploaded to the Permitting and Reporting Information System (PARIS). If you have any questions regarding the Annual Pretreatment Report, please call Industrial Waste Program Manager Mark Henley at 206-263-6994 or email him at [email protected]. Sincerely, ^v ~^'-—' Mark Isaacson Division Director Enclosure ec: Chris Townsend, Section Manager, Environmental and Community Services Section (ECSS), Wastewater Treatment Division (WTD), Department of Natural Resources and Parks (DNRP) Mark Henley, Manager, Industrial Waste Program, ECSS, WTD, DNRP Annual Pretreatment Report 2017 March 2018 Department of Natural Resources and Parks Wastewater Treatment Division Industrial Waste Program For comments or questions, contact: Mark Henley King County Wastewater Treatment Division Industrial Waste Program KSC-NR-0513 201 S. Jackson Street Seattle, WA 98104-3855 206-263-6994 [email protected] Alternative Formats Available 206-477-5371, TTY Relay: 711 Contents Executive Summary ....................................................................................................................... -
1930 Boren Avenue Trammell Crow | Lmn | Weisman Design Group Early Design Guidance | Sdci Project # 3032054-Eg | July 17, 2018 Table of Contents
1930 BOREN AVENUE TRAMMELL CROW | LMN | WEISMAN DESIGN GROUP EARLY DESIGN GUIDANCE | SDCI PROJECT # 3032054-EG | JULY 17, 2018 TABLE OF CONTENTS 1.0 DEVELOPMENT OBJECTIVES 2.0 SITE PLAN 3.0 URBAN DESIGN ANALYSIS 4.0 ZONING DATA 5.0 DESIGN GUIDELINES 6.0 ARCHITECTURAL MASSING CONCEPTS 2 1930 BOREN AVE. I PROJECT # 3032054-EG I EARLY DESIGN GUIDANCE I 07.17.2018 LMN 1.0 DEVELOPMENT OBJECTIVES DEVELOPMENT SUMMARY SITE CONTEXT #3029383) is directly east of the site and is across the street on Boren Avenue with offi ce, The proposal at 1930 Boren Avenue is an The project site is located within the DMC planned as a mixed use building with a 440 laboratories, research and development to approximately 159 ft. high commercial building. 240/290-440 zone and within the Denny ft tower and 8-story podium directly adjacent accompany the research building currently The site is bounded by Boren Avenue to the Triangle Urban Center Village. The project site to the site and an 8-story “sidecar” hotel over under construction at 1920 Terry Avenue. south, Virginia Street to the west, an alley to is bordered by the DMC 340/290-440 zone to the podium adjacent to Stewart Street. To the the north and a proposed mixed-use building the south of Boren Avenue. north across the alley is 1901 Minor Avenue on a podium to the east. (SDCI# 3019623) a residential building with The Denny Triangle neighborhood is rapidly two 400 ft tall towers on top of an 8-story The project is planning for approximately evolving with several new buildings refl ecting podium. -
Research & Forecast Report
RESEARCH & FORECAST REPORT PUGET SOUND REGION Q2 2020 | MULTIFAMILY YOY YOY YOY YOY Occupancy Rate Number of Sales New Supply (Units) Rental Rate (PSF) 94.1% FORECAST 3 FORECAST 1,410 FORECAST $2.09 FORECAST Overview Key Takeaways Looking solely at occupancy and rental rates, the Puget Sound multifamily · Rents grew 60 basis points year over year in the Puget Sound, largely market appears to be weathering the current pandemic relatively well. fueled by substantial growth (3.5%) in Pierce County. Rents have grown in every county and asset class, with the lone exception · Though occupancy dropped 20 basis points YoY in the Puget Sound, King of 1-bedroom units in King County, which stayed flat. As a whole, the County (accounting for 70% of tracked inventory) grew 10 basis points. Puget Sound saw a 20-basis point reduction in occupancy, though · Total investment volume by dollar amount has dropped 188% year over occupancy year over year in King County (where 70% of inventory exists) year in the Puget Sound. still grew by 10 basis points. Investment sales declined significantly quarter over quarter and year over year (down 33% and 367%, · The average cap rate for the Puget Sound dropped slightly, from 4.6 to respectively), given the new excise tax and flood of listings pulled off the 4.4% quarter over quarter. market. However, the Kiara trading hands for $320M ($700K/unit)—which · Deliveries dropped 34% quarter over quarter, though the under- was the quarter’s 5th largest multifamily sale nationally—signaled that construction pipeline is mostly flat. institutional interest in the Puget Sound region remains strong. -
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. -
Upzoning and Value Capture How U.S. Local Governments Use Land
Land Use Policy 95 (2020) 104624 Contents lists available at ScienceDirect Land Use Policy journal homepage: www.elsevier.com/locate/landusepol Upzoning and value capture: How U.S. local governments use land use T regulation power to create and capture value from real estate developments Minjee Kim Land Use Planning and Real Estate Development, Florida State University, 336 Bellamy Building, 113 Collegiate Loop, P.O. Box 3062280, Tallahassee, FL, 32306, United States ARTICLE INFO ABSTRACT Keywords: The public sector can harness its authority to control land uses to secure valuable public benefits from real Value capture estate developments. This paper investigates how five major U.S. cities—Boston, Chicago, New York, San Upzoning Francisco, and Seattle—are using their land use regulation powers to create and capture value for the public Zoning negotiations benefit. An analysis of the zoning and entitlement processes of the 20 largest real estate development projects Land use exactions in each city reveals that value has been captured from all 100 projects. Furthermore, these cities implicitly Real estate development differentiated value capture into two distinct components: value creation and value capture. Among the100 projects, cities created value for 90 projects by allowing greater density and height—a practice often referred to as “upzoning.” Distinguishing such upzoning incidences from traditional land use exaction tools is im- portant because the added value gives local governments greater legitimacy in asking for public benefits. The experience of the five cities further revealed that value capture strategies can be customized to adapt tounique regulatory, political, and cultural contexts. Lastly, despite the fact that the majority of the upzoned projects increased density and height through project-specific negotiations, none of the cities had clear standards or evaluation frameworks for determining: how much value was created, what can be asked for in return, and who should benefit from the value captured. -
Affordable Housinghousing Designdesign Studiostudio
AffordableAffordable HousingHousing DesignDesign StudioStudio 1 Annual Summer Fair at Othello Square 2LIHI Tiny House ABOUT Our Firm Since our founding, Weber Thompson has designed over 10,000 residences in low, mid- and high-rise structures. Every day, people from all walks of life come home to one of our designs. From young to old, individuals to families of all kinds, from those with lower incomes to the affluent, we are proud to serve the full breadth of our community. This work motivates us; it’s sparks our passion to create. We want to make a difference in people’s lives and in the community. For these homes to be successful, every detail matters. We understand the intimate role these spaces play in people’s lives. To that end, we work with providers to meet the needs of their residents, designing homes that support them in their daily lives by providing healthy places; places of safety and respite that are flexible enough to allow for a wide range of living styles, ages, family sizes and configurations. Equally important, and perhaps more difficult to capture, is the level of personal commitment Weber Thompson, and this team in particular, brings to serving our affordable housing clients. Whether it’s organizing a book drive for the Raven Terrace lending library, building a Tiny House for LIHI, or working through a gazillion permutations of the tax credit programs with Bellwether, Weber Thompson approaches affordable housing as part of our mission. We understand how difficult these projects are and how hard our clients work to serve their communities. -
Apartments Specialty Area: 100 Commercial Revalue for 2020 Assessment Roll
Apartments Specialty Area: 100 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] Web: http://www.kingcounty.gov/assessor/ Department of Assessments 500 Fourth Avenue, ADM-AS-0708 John Wilson Seattle, WA 98104-2384 Assessor OFFICE: (206) 296-7300 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 the 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. -
Seattle Area Construction Look Ahead February 20, 2020
Seattle Area Construction Look Ahead February 20, 2020 Also available online at: http://www.seattle.gov/transportation/constructionlookahead.htm For an online map of these events, go to http://www.seattle.gov/travelers. Items will appear on the dates listed. Please note that many of these projects are weather dependent, and may be cancelled due to inclement weather. Please check the project's website for updates. Highlights: January 4 - March 15: Connect 2020 Sound Transit project continues with service reductions and one final weekend closure the weekend of March 14 - 15. February 21 & 22: Full northbound closure of the 1st Ave S Bridge. Nightly 9PM - 8AM. February 22: Columbia St. opens as a two-way street transit corridor. February 22: Seattle Dragons host the Dallas Renegades. XFL football at CenturyLink Field. Kickoff at 2PM. February 27: Seattle Sounders host Olimpia at CenturyLink Field. Kickoff at 7PM. February 28: Full southbound closure of the SR99 Tunnel for emergency repairs. Fri 10PM - Sat 8AM. March 1: Hot Chocolate 15K/5K Run will start and finish at the Seattle Center Sunday morning. The northbound lanes of SR99 will be closed from South Lake Union to Green Lake. March 1: Seattle Sounders host the Chicago Fire at CenturyLink Field. Kickoff at 12PM. March 13: Full northbound closure of the SR99 Tunnel for monthly maintenance. Fri 10PM - Sat 8AM. March 14 - 15: No Link service between SODO and Capitol Hill. Week of February 17 - 23 Planned Construction Date(s) and Project /Location Description of Traffic Impacts Location Times Sound Transit is constructing new tracks that will connect downtown Seattle to the Eastside. -
This Page Contains Field Values to Be Dropped in Throughout the Report
Appraisal of: Garden Court Apartments 3410 Colby Avereet Everett, WA 98201 Prepared By: O’Connor Consulting Group 500 Union Street, Suite 650 Seattle, WA 98101 Brian O’Connor, MAI, CRE Reilly Peavey, Associate Prepared For: Prestige Properties NW, LLC c/o Jason Decker 425.922.9043 [email protected] Effective Date: February 20th, 2020 Date of Report: March 6th, 2020 OCG# 20-104 March 6th, 2020 OCG Ref. No. 20-104 Prestige Properties NW, LLC c/o Jason Decker 425.922.9043 [email protected] RE: Appraisal of: 3410 Colby Ave Everett, WA 98201 Dear Mr. Decker: In accordance with your request, we have written an appraisal and formed an opinion of the current Market Value of the Fee Simple interest in the above-referenced property. The accompanying appraisal report identifies the subject property, describes the market for this type of property, and presents the specific market data and analysis leading to our estimate of value. The subject property consists of two 6-unit multifamily buildings totaling 12 multifamily units. The buildings are recorded as having been built in 1989 and 1990. The buildings are situated on three parcels totaling 18,296 square feet located at 3410 Colby Avenue in the Port Gardner neighborhood of Everett. The subject’s units are both townhouse and flat style and include 3 levels of living area plus covered off- street parking accessible from the alley. Four units are one-bedroom one-bathroom flats, four units are two-bedroom one-bathroom flats, and four units are two-bedroom two-bathroom townhouses. In this report, we have estimated the subject’s current market value effective on the date of inspection, February 20th, 2020. -
Seattle Multifamily
4th Quarter 2018 Real Estate Market Review Seattle Multifamily Top Sale Transactions for 2018 Property Submarket # of Units Sale Price Price/Unit Buyer Seller Avana 522 North Creek 558 $173,000,000 $310,036 Decron Properties The Blackstone Group LP Sparc Bel-Red 309 $150,000,000 $485,437 AGI Publishing Inc. USAA Real Estate Company The Reserve Apartments South Lake Washington 440 $143,000,000 $325,000 Griffis Residential Fairfield Residential The Griffis Residential South Lake Washington 440 $139,500,000 $317,045 Griffis Residential Fairfield Residential Cirrus Denny Triangle 355 $103,296,401 $290,976 GID Investment Advisors, LLC Squire Patton Boggs Top Under Construction Property Address Submarket # of Units Owner Delivery Date Onni Towers 1120 Denny Way South Lake Union 1,128 Onni Group November 2020 1200 Stewart St. 1200 Stewart St. Denny Triangle 1,050 Westbank Projects Corp. November 2020 The Village @ Totem Lake 12601 120th Ave. NE Totem Lake 851 CenterCal Properties, LLC August 2019 Tagore &156th Ave NE Tagore & 156th Ave. NE Overlake 658 City of Redmond January 2019 8549 E Martin Way 8549 E. Martin Way E. Olympia 623 The Wolff Company January 2019 Top Completed Construction Property Address Submarket # of Units Owner Delivery Date Hyde Square 2038 155th PI NE Crossroads 485 Carmel Partners June 2018 Kiara 111 Terry Ave. N South Lake Union 461 Holland Partner Group September 2018 McKenzie 2202 Eighth Ave. Denny Triangle 450 Clise Properties Inc. August 2018 Stratus 820 Lenora St. Denny Triangle 396 GID Urban Development Group January 2018 Sitka 1255 Harrison St. South Lake Union 384 Vulcan, Inc. -
Mid-Rise/Mixed-Use Design Studio
Mid-Rise/Mixed-Use Design Studio 1 Radius SLU Roof Deck 2 We know urban mid-rise. For over 30 years Weber Thompson has been designing highly successful mid-rise multifamily projects within the city’s urban fabric. We understand the market forces, city requirements and complicated technical necessities this type of building demands. This depth of experience allows us to focus on the design and craft a high quality building without busting the budget or schedule. Most of the mid-rise multifamily projects we design have a context – they exist within a community and among buildings that establish design constraints and opportunities. What we design are very much neighborhood buildings. Design in context, sensitive to the scale and character of surrounding buildings, will be essential as your project evolves from planning to architectural design. 3 Pike Motorworks 4 MEET OUR Mid-Rise Team Amanda Keating AIA, LEED® AP BD+C SENIOR PRINCIPAL / PRINCIPAL IN CHARGE Amanda bridges the gap between aesthetic judgment and technical understanding. She manages the design, documentation and construction administration of large-scale, mixed use projects with the firm’s mid-rise group. Amanda is renowned for her thoughtful, even-keeled approach and calm management style. She is also a core member of Weber Thompson’s highly energized Sustainabiliteam. Jeff Reibman AIA, NCARB, LEED® AP BD+C SENIOR PRINCIPAL / PRINCIPAL IN CHARGE For over 20 years Jeff has been working in the Seattle area with a focus on residential design of every kind. Throughout his career, he has developed his expertise in creative land use solutions and complex entitlement processes. -
Belltown Seattle Multifamily
MARCH 2018 BELLTOWN SEATTLE MULTIFAMILY Submarket metrics and benchmarks: rent, inventory, new supply and sales. BELLTOWN SEATTLE MULTIFAMILY MARCH 2018 Belltown submarket metrics and benchmarks: rent, inventory, new supply and sales. TABLE OF CONTENTS Overview 1 Submarket Fundamentals 2 Rental Activity by Unit Type 3 Development Activity 4 Transaction Activity 5 123 Properties A- Average Location Rating 18,954 Units B Average Improvements Rating PROPERTY AGE BY UNITS IMPROVEMENTS RATING BY UNITS CONTACT US EFFECTIVE BEDROOMS BY UNITS BUILDING STORIES BY PROPERTIES Get in touch with our team for inquiries and feedback Ron Brock Industry Principal, Matrix (480) 663 1149 ext. 2404 Candice Spencer Customer Service/Retention Manager (480) 663 1149 ext. 2417 1 SUBMARKET FUNDAMENTALS MARCH 2018 RENTAL RATES YEAR-OVER-YEAR ROLLING CHANGE VS MARKET 33rd Rank out of 42 Submarkets 1.3% Y-o-Y Change $2,398 Average Rental Rate March 2018 OCCUPANCY RATE VS MARKET 43rd Rank out of 44 Submarkets 93.1% Occupancy Rate March 2018 INVENTORY GROWTH COMPLETIONS AS % PRIOR INVENTORY 3rd Rank out of 44 Submarkets 18.5% Growth in 2018 - Projected Year End 3,436 Units built in 2018 - Projected Year End Belltown | Seattle Multifamily | 2 RENTAL ACTIVITY BY UNIT TYPE MARCH 2018 QUARTERLY YEAR-OVER-YEAR ROLLING CHANGE BY UNIT TYPE 2016 2017 2018 Unit Type # Units SqFt/Unit Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 One Bedroom 12,149 682 3.7% 6.2% 7.8% 6.7% 7.1% 4.8% 1.6% 1.2% Two Bedrooms 3,679 1,075 0.1% 0.2% 1.0% 0.7% 5.2% 7.1% 5.5% 2.7% Three Bedrooms 150 1,206 8.0% 4.7% 5.5% 0.9%