1900 N Northlake Way, Wallingford, Seattle

Transcription

1 Mariner Square 1900 N Northlake Way, Wallingford, Seattle

2 The Site: The site is located in North Lake Union immediately north of Gas Works Park. Currently situated on the site is a 85,000 sf building consisting of 40,000 sf of warehouse with 20` Clear height and 45,000 sf of office and retail above that. Site View: NORTH Looking North Looking West

3 Looking South Looking East Site and immediate amenities

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5 Site Photos:

6 Zoning: C1-40 (Commercial-1 zone with 40 height limit) Retail, office and warehouse Zoning calls for an auto-oriented, primarily retail/service commercial area that serves surrounding neighbourhoods as well as a citywide or regional clientele 34th and Northlake Way are both designated arterials Typical Land Uses Large supermarkets, building supplies and household goods, auto sales and repair, apartments Building Types A variety of commercial types and site layouts including one-story commercial structures with extensive surface parking, and multi-story office or residential buildings Maximum FAR Residential-only or nonresidential-only Mix of residential and nonresidential uses Maximum Size of Commercial Use No size limits for most uses 25,000-40,000 SF for warehouse and wholesale showroom uses 35,000 SF or size of lot, whichever is greater, for office uses Current Use Commercial use Primary Tenant: Fisheries Supply Company Warehouse, retail, and office space Neighbourhood Context & Surrounding Area Census Tract 54= site Demographics -Majority of residents in Wallingford are between the ages of 20-34

7 - Over 3 quarters of residents are White - Income range is between $35,000 to $74,999 Housing Characteristics Households - Most Wallingford residents live alone, and of those that live together non-family accounts for 65% of the households - Most units are renter occupied

8 Transit times - Wallingford is auto-oriented, transit is inconvenient (particularly S of 45 th ) Surrounding Property Uses: Legend: Multi-family residential Proposed multi-family residential Office Retail Site - A variety of uses surround the subject site, but there are a concentration of multifamily complexes in particular

9 Notable New Developments: Map of New Development (find detail below): Stone 34 A 150,000 SQFT office building with 133,850 SQFT occupied by Brooks shoes. The national shoe manufacturer and retailer plans on moving their global headquarters to the site, which like our subject site is located extremely close to the popular Burt Gilman running and cycling trail. The remaining 14,800 SQFT of grade retail space will be partially leased to Brooks and other local tenants still yet to be determined. We have been lead to believe the developer is in negotiations with a café/ bakery business and a local restaurateur as potential tenants.

10 The development is particularly interesting because the extensive participation in city green initiatives, Deep Green and the Living Building Project resulted in an additional height allotment of 20 feet and an additional 15% FAR. These green initiatives have stringent performance metrics that required legal commitment (special lease clauses) from Brooks on power and water use. If the property fails to meet its commitment to these programs the developer is at risk of a 1-5% fine on total construction costs due back to the city. These programs have developed considerably since the inception and concept design of Sone34 but the development is notable both for zoning precedent and future neighborhood demographics AMLI Residential The following are the details on a new residential multifamily apartment development: Location: The project is located at 3400 & 3326 Wallingford Avenue North as can be seen on the map above. The new residential apartments are directly adjacent to the Mariner Square site. Project Overview: Total property area of 192,011 SF o 1,932 sf of Retail; o 8,473 sf of Amenity; o 155,547 sf of Residential; o 26,059 sf of Live-Work space 212 apartments with and additional 27 live-work units Diverse mix of residential units including studios, lofts, 1, 2, 3 bedroom units Amenities: public and private plazas, courtyards, fitness spaces, bicycle and kayak storage, communal indoor gathering spaces, roof decks etc. Parking Stall: 285 underground stalls Bicycle parking: 100 within building, 10 outside building

11 Building Challenges Encountered by AMLI: Meeting City Requirements o Property was required to include the following: public plazas, residential look with stair steps design Aggressive community reaction on garage entry location, and limited public parking Potential Impacts on the Mariner Square Development Project: Positive Impacts: Creates a newer neighbourhood surrounding Increased pedestrian and vehicular traffic through residential and retail components Potential to learn from AMLI s challenges and/or mistakes on the development Could use as precedent when obtaining city approval on project ideas Negative Impacts: Will be direct competition in the apartment market AMLI could possibly capture majority of the demand on residential property with its time advantage