A proposal that satisfies market, community, and financial needs. Market Community Financial

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2 A proposal that satisfies market, community, and financial needs Market Community Financial

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4 The site is located in the heart of Seattle s waterfront

5 The site is located in the heart of Seattle s waterfront

6 The site is located in the heart of Seattle s waterfront

7 Attractions boost demand for a waterfront development

8 Attractions boost demand for a waterfront development

9 Attractions boost demand for a waterfront development

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11 Liquifaction Viaduct Easement Parking

12 Market conditions warrant high end condo, retail, and hotel units Market

13 Boeing Microsoft University Seattle s economy is rebounding steadily

14 Market conditions warrant high end CONDO, retail, and hotel units Residential Demand Sales and returns are increasing

15 Market conditions warrant high end CONDO, retail, and hotel units Residential Demand Sales and returns are increasing Government is encouraging increased density

16 Market conditions warrant high end CONDO, retail, and hotel units Residential Demand Sales and returns are increasing Government is encouraging increased density Traffic congestion drives demand

17 Market conditions warrant high end condo, RETAIL, and hotel units Retail Demand 2.6% vacancy downtown

18 Market conditions warrant high end condo, RETAIL, and hotel units Retail Demand 2.6% vacancy downtown Lack of waterfront retail

19 Market conditions warrant high end condo, RETAIL, and hotel units Retail Demand 2.6% vacancy downtown Lack of waterfront retail Green streets will drive pedestrian traffic

20 Market conditions warrant high end condo, retail, and HOTEL units Hotel Demand Rebounding tourism

21 Market conditions warrant high end condo, retail, and HOTEL units Hotel Demand Rebounding tourism Hotel adds 25% premium to condo

22 Market conditions warrant high end condo, retail, and HOTEL units Hotel Demand Rebounding tourism Hotel adds 25% premium to condo Provides lifestyle amenities

23 Market conditions warrant high end condo, retail, and hotel units Office Demand 13% vacancy

24 Market conditions warrant high end condo, retail, and hotel units Office Demand 13% vacancy Poor fit with waterfront vision

25 Market conditions warrant high end condo, retail, and hotel units Office Demand 13% vacancy Poor fit with waterfront vision Low lease rates

26 Our target demographic is the top 12% of Seattle s income bracket

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34 How long will it take to absorb new units built between ? Condo: 1900 units

35 How long will it take to absorb new units built between ? Condo: 1900 units Apartment: 1900 units

36 How long will it take to absorb new units built between ? Condo: 1900 units Apartment: 1900 units Absorption: 1200 per year

37 The viaduct removal creates new opportunities Before After

38 A height restriction currently limits the development height to 60

39 Eliminating the easement allows us to reinvent the possibilities

40 The physical design fits the needs of the tenants and the community Market Community

41 The Aqua Viva Development

42 The creative tower design maximizes both views

43 The creative tower design maximizes both views

44 The design also respects neighboring views

45 The physical design fits the needs of the tenants and the community

46 The physical design fits the needs of the tenants and the community

47 The physical design fits the needs of the tenants and the community

48 The physical design fits the needs of the tenants and the community

49 The physical design fits the needs of the tenants and the community

50 The physical design fits the needs of the tenants and the community

51 The physical design fits the needs of the tenants and the community

52 The physical design fits the needs of the tenants and the community

53 Aqua Tower Looking toward the water, Aqua enjoys great views of Elliot Bay

54 Aqua Tower Retail units capitalize on high-traffic green streets

55 Aqua Tower Two story restaurant

56 Aqua Tower 120 suite, boutique hotel with highend amenities

57 Aqua Tower 92 luxury condominiums above the hotel

58 Viva Tower Viva has some of the same great views as its sister development

59 Viva Tower Retail capitalizes on pedestrian activity on Spring St.

60 Grocery Viva s retail is anchored by a gourmet grocery store

61 Viva Tower Condo units

62 Construction phasing Phase 2 Phase 1

63 Our design will achieve a LEED Silver designation

64 Our design will achieve a LEED Silver designation

65 Our design will achieve a LEED Silver designation

66 Trolley Stop Aqua Viva complements the Waterfront community

67 The project is economically feasible Market Community Financial

68 Exit Strategy Residential: Pre sell 30%

69 Exit Strategy Residential: Pre sell 30% Hotel: Sell to private investor

70 Exit Strategy Residential: Pre sell 30% Hotel: Sell to private investor Retail: Sell to private investor

71 The resulting financial model provides a positive outlook

72 The resulting financial model provides a positive outlook

73 Aqua Viva meets market, community, and financial needs Market Community Financial

74 A momentous addition to Seattle s Waterfront

75 Anita Market Analysis Arya Financials Graeme Design Ian Waterfront Vision Paula Financials Ray Site Regulations