DOCSLIB.ORG

Research & Forecast Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Research & Forecast Report RESEARCH & FORECAST REPORT PUGET SOUND REGION Q3 2020 | MULTIFAMILY YOY YOY YOY YOY Occupancy Rate Number of Sales New Supply (Units) Rental Rate (PSF) 93.5% FORECAST 9 FORECAST 1,601 FORECAST $2.05 FORECAST Overview Key Takeaways Multifamily product in Puget Sound, though stymied, remained resilient · Rents for Puget Sound decreased 1% quarter over quarter down to through the first two quarters of Covid-19 uncertainty. In King County, where $2.05, fueled by a 2.6% drop in King County rents. 70% of the regional apartment stock is located, rent collections fell to 76.4% · Occupancy is down 60 basis points year over year for the region, though in September 2020 according to NMHC Rent Payment Tracker, compared it has increased in Pierce and Snohomish Counties. to 81.2% in September 2019. Though, this drop is within the historical range of healthy. Concessions are on the rise as rental rates, in some cases, are · Total investment volume by dollar amount increased 282% from $165M on the decline. Occupancy and rents contracted in King County by 1.2% in Q2 to $630M in Q3. and 2.6%, respectively, while Pierce and Snohomish counties both saw · Average cap rates for the Puget Sound increased 10 bps from 4.4% to substantial bumps in rents of 4.6% and 2.5%, respectively. The flight to 4.5% quarter over quarter. suburban locations continues to be the trend, as investors and developers · Deliveries and units under construction both saw a slight boost, look to capitalize on growing tenant demand. On the development side, 1,601 increasing 13.5% and 2.2%, respectively. new units were delivered, while units under construction increased by 2.2% to 18,249 units across the region. Notable Deliveries Helm Postmark SEATTLE EASTSIDE THERE WERE NO NOTABLE DELIVERIES ON Iron Flats West THE EASTSIDE IN Q3 2020 U Place Kinect at Broadway Midtown 64 Building Name Building Address # Units City Submarket Developer Postmark 17233 15th Ave NE 243 Shoreline Shoreline MF The Wolff Company Iron Flats West Jackson 802 NE 66th 144 Seattle Northeast Seattle MF Emerald Bay Equity Helm 128 127th St SE 192 Everett Silver Lake MF The Wolff Company Midtown 64 6800 S 246th St 365 Kent Kent MF Goodman Kinect at Broadway 3214 Broadway 140 Everett Everett MF American Capital Group U Place 4609 Union Bay Pl NE 243 Seattle Ravenna ZQH Investment Colliers International | Puget Sound Q3 2020 Multifamily Report RESEARCH & FORECAST REPORT PUGET SOUND REGION | Q3 2020 | MULTIFAMILY Investment Sales Activity* Investment Volume by Submarket (2015 to present) Investment Volume Q3 saw a significant rebound in investment volume from Q2, jumping from $165M to $630M (282%). The closing of the Kiara sale from Holland Partner Group to Toronto-based Oxford Properties Group for $320M bolstered the quarter substantially, and adjusting for this leaves a moderate, but still healthy, 88% improvement. Cap rates increased slightly from 4.4% to 4.5%, still well below the five-year average of 4.9%. Deal Volume by Submarket (2015 to present) Deal Volume by Quarter Deal volume also increased substantially between Q2 and Q3, from 438 units to 1,528 units (249%), and from 3 to 9 sales (300%). Though these are both substantial rebounds and positive signs for the market, they are still down from their five-year averages of 2,480 units (-38%) and 15 sales (-40%). As uncertainty slowly continues to lift over the next few quarters, deal volume will trend closer to the five-year averages, though it remains to be seen where those deals will land geographically with the viability of office space in the central business districts still in flux. Pricing by Submarket (2015 to present) Pricing by Quarter Per unit pricing stood at $358K at the close of Q3, down 17.5% quarter over quarter and up 45% year over year. Price per square foot, at $476, was a 7.6% quarter over quarter increase and 44.7% year over year increase. While COVID-related uncertainty continues to blanket the market and region, we expect volume to stay low relative to five-year averages and force money towards more dependable assets, keeping upward pressure on pricing. *Note: Only multifamily deals with 50+ units were analyzed for the graphs on this page. Partial interest sales were omitted. Colliers International | Puget Sound Q3 2020 Multifamily Report RESEARCH & FORECAST REPORT PUGET SOUND REGION | Q3 2020 | MULTIFAMILY Development Pipeline Aspect Totem Lake Frye Towers Bower 1200 Stewart Onni SLU 2019 Boren Polaris at SeaTac 2020 2021 2022 2023 AMLI Yesler Alexan Block V Beam 1516 2nd Spring District Terrace Under Construction Property Name Property Address # of Units Developer Submarket Delivery Onni South Lake Union - Phase II 1120-1122 John St 1,200 Onni Group South Lake Union MF Q4 2021 Onni South Lake Union 1120 Denny Way 1,128 Onni Group South Lake Union MF Q1 2021 1200 Stewart St 1200 Stewart St 1,050 Westbank Projects Corporation Denny Triangle MF Q4 2021 Aspect Totem Lake 12550-12650 120th Ave NE 851 CenterCal Properties, LLC Totem Lake MF Q4 2020 Block V 2301 Seventh Ave 610 Onni Group Denny Triangle MF Q2 2021 Ovation Apartments 1101 8th Ave 548 Lennar Multifamily Communities First Hill MF Q2 2021 Yesler Terrace 209 12th Ave S 525 Lowe Enterprises Inc First Hill MF Q4 2020 Copper Gate 4750 Auburn Way N 500 Inland Group North Auburn MF Q4 2020 1516 2nd Ave 1516 2nd Ave 498 Plus Investment USA Downtown Seattle MF Q2 2022 Frye Residential Towers 707 Terry Ave 486 Westbank Projects Corporation First Hill MF Q4 2020 Denny Centre 2014 Fairview Ave 437 Bosa Properties, Inc. Denny Triangle MF Q1 2021 2301 E Union St 2301 E Union St 429 Lake Union Partners Mann MF Q4 2021 2019 Boren Ave 2019 Boren Ave 393 Holland Partner Group Denny Triangle MF Q2 2022 The Waverly 200 8th Ave N 374 Greystar South Lake Union MF Q3 2021 Polaris at SeaTac 15245 International Blvd S 365 Inland Group Seatac MF Q1 2023 Radiate Apartments 15808 Bear Creek Pky 360 Fairfield Residential Downtown Redmond MF Q4 2020 Bower 11811-11821 NE 128th St 339 Lennar Multifamily Communities Totem Lake MF Q4 2020 Alexan Shoreline 15560 Westminster Way 330 Trammell Crow Residential Company Shoreline MF Q2 2021 Beam Apartments 8209 144th Pl SE 321 Intracorp Homes May Creek MF Q1 2021 1029 S Jackson St 1029 S Jackson St 321 Intracorp Homes Chinatown MF Q1 2021 Colliers International | Puget Sound Q3 2020 Multifamily Report Market Statistics - Q3 2020 - Puget Sound Inventory Average Occupancy Effective Effective Effective Rent Concession Units Units Under Occupancy (Units) SF/Unit Change YOY Rent/Unit Rent/SF Change YOY Value Delivered Construction King County Studio * 706 90.6% -2.2% 1,843 $2.60 -5.0% 2.1% * * 1 beds * 786 92.5% -1.4% 1,796 $2.28 -3.0% 1.6% * * 2 beds * 822 92.4% -1.3% 1,831 $2.23 -2.8% 1.6% * * 3+ beds * 982 93.2% 0.2% 2,052 $2.10 -0.4% 1.7% * * All Units 218,927 786 92.7% -1.2% 1,778 $2.26 -2.6% 1.5% 1,409 16,163 Inventory Average Occupancy Effective Effective Effective Rent Concession Units Units Under Occupancy (Units) SF/Unit Change YOY Rent/Unit Rent/SF Change YOY Value Delivered Construction Snohomish County Studio * 785 91.4% -1.8% $1,439 $1.82 1.2% 0.6% * * 1 beds * 871 94.5% 0.3% $1,553 $1.78 2.5% 0.7% * * 2 beds * 891 94.6% 0.2% $1,551 $1.75 2.5% 0.6% * * 3+ beds * 1,089 94.5% 0.1% $1,681 $1.65 4.5% 1.0% * * All Units 42,328 886 94.6% 0.1% $1,540.00 $1.74 2.5% 0.6% 192 1,207 Inventory Average Occupancy Effective Effective Effective Rent Concession Units Units Under Occupancy (Units) SF/Unit Change YOY Rent/Unit Rent/SF Change YOY Value Delivered Construction Pierce County Studio * 787 95.5% 1.5% $1,302 $1.67 5.1% 0.5% * * 1 beds * 834 95.7% 1.4% $1,324 $1.60 4.7% 0.4% * * 2 beds * 871 95.8% 1.4% $1,349 $1.56 4.7% 0.4% * * 3+ beds * 1,042 96.8% 0.8% $1,521 $1.48 4.2% 0.4% * * Rent & Occupancy Trends All$2.20 Units Criteria: 55,609 RCA, >50 Units, Seattle Proper 855 (see image in folder), NO95.8% partial interest 1.2% 95.0% 1,327 $1.56 4.6% 0.3% - 879 $2.10 Inventory Average Occupancy 94.5% Effective Effective Effective Rent Concession Units Units Under Occupancy (Units) SF/Unit Change YOY Rent/Unit Rent/SF Change YOY Value Delivered Construction $2.00 94.0%Puget Sound Studio$1.90 * 759 91.1% -1.8% $1,773 $2.47 -4.1% 2.0% * * 1 beds * 830 93.3% -0.7% 93.5% $1,681 $2.09 -1.3% 1.3% * * $1.80 2 beds * 861 93.3% -0.6% $1,702 $2.03 -1.1% 1.3% * * $1.70 93.0% 3+ bedsQ1 Q2 Q3 Q4 * Q1 Q2 Q3 Q41,037Q1 Q2 Q3 Q493.9%Q1 Q2 Q3 Q40.5%Q1 Q2 Q3 $1,946 $1.97 0.6% 3.0% * * All Units 2016 316,864 2017 812 2018 93.5% 2019 -0.6% 2020 $1,664.00 $2.05 -1.0% 1.2% 1,601 18,249 Effective Rent Occupancy Net Absorption & Completions Rent & Occupancy Trends 4,000 $2.20 Criteria: RCA, >50 Units, Seattle Proper (see image in folder), NO partial interest 95.0% 3,500 3,000 $2.10 94.5% 2,500 2,000 $2.00 1,500 94.0% 1,000 $1.90 500 93.5% 0 $1.80 -500 -1,000 $1.70 93.0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Net Absorption (Units) Completions (Units) Effective Rent Occupancy Net Absorption & Completions 4,000 3,500 RESEARCH: 3,000 In the midst of the COVID-19 outbreak, information and data is emerging at a quick Jacob Pavlik, MRED Nicholas Carlsen 2,500 and uneven rate.
Load more

Recommended publications
  • 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 .......................................................................................................................
    [Show full text]
  • 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
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • Dispatch Activity Report 8/23/19 - 8/29/19
    Dispatch Activity Report 8/23/19 - 8/29/19 Start Date Job ID NR JM App Site Site Address City State Work Type County Contractor Report To Cornerstone General 8/26/2019 140825 * 1 0 Medline Warehouse 9051 King Street Anchorage AK Carpenters Anchorage Contractors Inc (AK) Rick Garrett 8/27/2019 140906 * 1 0 Rehab Fish Creek Trail 2501 Blueberry Rd Anchorage AK Carpenters Anchorage Neeser Construction Robert Brandt 8/28/2019 140943 * 0 1 Borealis Construction Shop 10825 Neacola Circle Eagle River AK Carpenters Anchorage Borealis Construction Richard Krajuik Hickel Construction And Hickel Construction And 8/29/2019 140985 * 1 0 Engineers 2600 Railroad Ave Anchorage AK Carpenters Anchorage Engineers, Inc Frank Sinerius 900 Chief Eddie Davis Constructors and 8/27/2019 140832 0 1 Bethel Hospital Hoffman Hwy Bethel AK Carpenters Bethel Engineers Brandon Smith 900 Chief Eddie Davis Constructors and 8/27/2019 140842 0 1 Bethel Hospital Hoffman Hwy Bethel AK Carpenters Bethel Engineers Brandon Smith Denali Haskell Davis Joint 8/26/2019 140332 * 1 0 Clear Airforce Station 200 A St Stop 500 Clear AK Carpenters Borough Venture Larry Talbert Fairbanks Heather Ghemm 8/28/2019 140967 * 0 1 TCC CAICH Expansion 1717 W Cowles Street Fairbanks AK Carpenters North Star GHEMM Company INC Office Alaska Commercial 8/26/2019 140783 * 1 0 Rainforest Recovery Center 3250 Hospital Dr Juneau AK Carpenters Juneau Contractors Inc Jason Murdoch Alaska Commercial 8/26/2019 140771 * 0 1 Rainforest Recovery Center 3250 Hospital Dr Juneau AK Carpenters Juneau Contractors Inc Jason Murdoch Alaska Commercial 8/28/2019 140981 * 0 1 Rainforest Recovery Center 3250 Hospital Dr Juneau AK Carpenters Juneau Contractors Inc Ben Musielak Kenai Orion Marine 8/28/2019 140735 * 2 0 Bradley Lake Project 3977 Lake St.
    [Show full text]
  • 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.
    [Show full text]
  • 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
    [Show full text]
  • 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.
    [Show full text]
  • 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
    [Show full text]