Seattle New Construction & Proposed Multifamily Projects 1Q18
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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 ....................................................................................................................... -
The Regrade, Seattle, WA ABOUT MIDTOWN21
The Regrade, Seattle, WA ABOUT MIDTOWN21 Midtown 21 is a stunning new mixed-use retail and office building designed with beautiful retail space and set in a neighborhood designed for livability. The neighborhood is rapidly evolving and becoming Seattle’s densest and most livable area. With an emphasis on walkability and the ‘live, work, and play’ mindset, the Denny Triangle is a prime target for retailers and restaurants seeking an 18-hour per day customer base. Denny Triangle seamlessly integrates Seattle’s most vibrant neighborhoods as it is at the nexus of the Central Business District, Capitol Hill, South Lake Union and the retail core. Adjacent buildings provide foot traffic from Amazon, HBO, Seattle Children’s, and more. Future adjacent development will include the $1.6B expansion of the Washington State Convention Center, Seattle Children’s Building Cure, as well as Washington’s largest hotel with over 1,200 rooms at 8th and Howell. 5,720 SF of retail divisible 365,000+ SF Class A office Seattle City Light Electrical Substation Nexus 403 units (2019) 1200 Stewart Metropolitan Park 149,309 SF retail Pho Bac MINOR AVE 336,000 SF oce 876 units Market (2019) House Corned Beef Olive Mirabella Retirement Kinects Tower Tower Apartment 366 units (2018) Apt Tilt 49 1901 Minor 307,000 SF oce(2017) + 393 units 737 units (proposed) Convention Convention Center BOREN AVE Hilton Center Expansion Garden Inn Expansion Surface Parking Jars 564,000 sf oce Juice 222 rooms Hill7 (2020) 1800 Terry 270 units (2018) Midtown 21 Building Cure 365,000 SF -
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. -
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. -
Seattle New Construction & Proposed Multifamily Projects 1Q20
Seattle New Construction & Proposed Multifamily Projects 1Q20 80 Camano Island 4 193 Marrowstone ID PROPERTY UNITS Island 4 Affinity at Arlington 170 18 Avalon North Creek 316 Total Lease Up 486 24 Waterfront Place 266 Whidbey 24 33 Greater Residence 123 Island 46 Manor Way Apartments South 205 57 54 Hamptons at Mill Creek 50 57 3214 Broadway 140 63 Helm 192 79 Total Under Construction 976 77 77 Holly Ridge 121 78 18631 Alderwood Mall Pkwy 349 63 46 79 Koz on Weaver Road 100 54 80 Madison Place 81 81 Paradise Lake Road Garden 360 33 Total Planned 1,011 189 78 190 18 189 Evergreen Village 231 81 190 Northline Village 1,370 193 Centennial Park 206 Total Prospective 1,807 5 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Seattle New Construction & Proposed Multifamily Projects 1Q20 408 191 192 409 82 ID PROPERTY UNITS 194 6 Geo 164 6 83 11 Woodin Creek Village Phase II 316 Total Lease Up 480 70 116 11 39 Alexan Shoreline 330 47 Lifebridge 410 39 51 Bower, The 339 195 70 Postmark, The 243 Total Under Construction 1,322 Saint Edward 276 State Park 275 82 Crux 241 Temporarily 83 Bothell Way 200 closed 116 12463 NE Woodinville Drive 167 117 North Aspect Totem Lake 650 Total Planned 1,258 51 117 271 191 Andorra Estates Phase II 240 410 192 Cedar Park Townhomes 52 47 194 Fireside Homes 209 195 Shoreline Place 1,358 271 Proctor Willows 173 275 14312 132nd Avenue NE 87 276 Woodinville Wine Village 425 408 Andorra Estates 84 409 Ballinger Way 227 410 12335 120th Avenue NE 395 Total Prospective 3,250 1 mi Source: Yardi -
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. -
BUILDING CURE 1920 Terry Avenue Seattle, Washington BUILDING CURE
BUILDING CURE 1920 Terry Avenue Seattle, Washington BUILDING CURE Together, Seattle Children’s Hospital seizes this once-in-a-lifetime opportunity to build a place where childhood disease can be cured. Located at Stewart Street and Terry Avenue in downtown Seattle, Building SOUTH Cure will expand the Seattle Children’s SITE CAPITOL HILL Research Institute campus to help LAKE accomplish more life-changing research that transforms the lives of Expansion UNION Opening 2020 children and their families. Building Cure will be 13-stories and include research facilities, building operations, a museum and forum space, classrooms, parking for about 300 RETAIL CORE vehicles and ground-oor retail. CBD Pike Place Market PIONEER SQUARE HOTEL ROOMS RESIDENTS 10M 14M PIKE PLACE 22M+ SQ FT OF NEW MARKET VISITORS ANNUAL VISITORS OFFICE SPACE ANNUALLY (Developed or Planned) 613K IN PRIMARY NEW PROJECTS TRADE AREA 14K+ P CURRENT 34K+ 265K $459M NEW RESIDENT UNITS $1.46B DAYTIME 6K+ DOWNTOWN 98K ANNUAL BUSINESS (Developed or Planned) POPULATION NEW ROOMS SEATTLE RETAIL PARKING SPACES REVENUE FROM (Developed or Planned) SALES (2015) CRUISE INDUSTRY DOWNTOWN SEATTLE Seattle City Light Electrical Substation Nexus 403 units (2018) 1200 Stewart Metropolitan Park 149,309 SF retail Pho Bac MINOR AVE 336,000 SF oce 876 units Market (2019) House Corned Beef Olive Mirabella Retirement Kinects Tower Tower Apartment 366 units (2018) Apt Tilt 49 1901 Minor 307,000 SF oce(2017) + 410 units 737 units (proposed) Convention Convention Center BOREN AVE Hilton Center Expansion -
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. -
MULTIFAMILY 3RD QUARTER VACANCY | UNEMPLOYMENT | RENTAL RATE | CONSTRUCTION DELIVERIES 2020 Year-Over-Year Change
MARKET TRENDS | SEATTLE MULTIFAMILY 3RD QUARTER VACANCY | UNEMPLOYMENT | RENTAL RATE | CONSTRUCTION DELIVERIES 2020 Year-over-year change TOP SALE TRANSACTIONS FOR 3Q 2020 # of Sale Price Property Submarket Units Price /Unit Buyer Seller Kiara South Lake Union 461 $320,000,000 $694,143 Oxford Properties Group Holland Partner Group Modera First Hill First Hill 288 $125,000,000 $434,028 Global Asset Capital, Inc. Mill Creek Residential Trust LLC ALTO Apartments Belltown 185 $66,454,000 $359,211 Rise Properties Trust Hartz Mountain Industries, Inc. Clock Tower Village Apartments Outlying McChord 188 $59,975,000 $319,016 The Shidler Group Sunroad Holding Corp. Delano Education Hill 126 $51,500,000 $408,730 G.W. Williams Co. Essex Property Trust, Inc. TOP UNDER CONSTRUCTION # of Property Address Submarket Units Owner Delivery Date Onni South Lake Union Phase II 1120-1122 John St South Lake Union 1,200 Onni Group December 2021 Onni South Lake Union 1120 Denny Way South Lake Union 1,128 Onni Group March 2021 1200 Stewart Street 1200 Stewart St Denny Triangle 1,050 Westbank Projects Corp. December 2021 The Village at Totem Lake 12550-12650 120th Ave NE Totem Lake 851 CenterCal Properties LLC October 2020 2301 Seventh Ave 2301 Seventh Ave Denny Triangle 610 Onni Group June 2021 TOP COMPLETED CONSTRUCTION FOR 3Q 2020 Property Address Submarket # of Units Owner Delivery Date Capitol Hill Station 118 Broadway E Capitol Hill 428 Capitol Hill Housing July 2020 The View by Vintage 9800 219th Ave E Outlying Puyallup 408 Hearthstone Housing Foundation August 2020 Midtown 64 6800 S 246th St Riverfront 365 Goodman Real Estate Inc. -
Seattle New Construction & Proposed Multifamily
Seattle New Construction & Proposed Multifamily Projects 2Q18 ID PROPERTY UNITS 1 Danforth, The 265 2 Hyde Square 618 18 3 Ascent 251 4 Kiara 461 5 Cerasa 154 19 6 Encore 60 7 Metro 112 Phase II 57 10 8 Merc, The 122 58 9 Etta 75 107 10 205 72 40 54 8 11 Crew 70 12 Luna 71 34 51 13 East Union 144 59 17 14 Elara at the Market 150 76 77 3 15 McKenzie 450 41 83 16 CityLine Phase II 155 84 80 93 42 17 624 Yale 206 102 55 48 20 4 22 98 18 Creekside Phase II 50 50 15 92 74 19 Park 77 182 103 64 Total Lease-Up 3,613 16 49 36 13 11 12 1 20 600 Wall Street 370 88 14 65 21 Bower, The 339 67 87 45 47 78 22 1120 Denny Way 1128 61 86 23 Jackson 532 46 106 24 Marquee on Meeker 288 100 70 75 25 Bear Creek 360 73 26 Stazione:25, The 301 27 Esterra Park Blocks 5, 6A and 9 658 94 28 Modera Redmond 300 90 57 29 Marvelle at Southcenter 166 72 30 Village at Totem Lake 201 23 31 AMLI Spring District 204 44 56 32 4722 Fauntleroy Way SW 250 33 Crossroads Senior Living 185 6 34 800 5th Avenue North 68 35 Brio 258 74 Urban Green Villa 132 21 36 14th & Madison 137 75 Broadstone First Hill 350 37 Luna 108 76 Mariner on Republican 128 30 38 Talisman 286 77 University 117 78 Brooklyn Flats, The 55 63 39 888 108th Avenue NE 158 79 StationHouse 216 40 Lodge Phase III, The 200 80 2nd & John 80 41 Marlowe 181 81 Lux 137 42 2100 East Madison 50 82 Arras 279 43 Bellevue Parkside 136 83 Sitka 384 28 44 18727 Blueberry Lane 112 84 Lane 217 45 Track 66 78 85 6301 15th Avenue NW 63 86 aPODment Suites @ Giardino 62 25 96 46 Roosevelt 114 60 79 47 Vida 201 87 Valdok 177 62 89 -
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.