Center for Creative Land Recycling Transit Oriented Development and Infill Workshop Seattle October 3rd

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1 Center for Creative Land Recycling Transit Oriented Development and Infill Workshop Seattle October 3rd COSE \kōz\ :to make oneself cozy: be cozy A micro-housing and student housing development company

2 MICROHOUSING ACROSS THE UNITED STATES Kōz Development formed 2 years ago. Our vision - provide affordable market rate and student housing in unaffordable markets. One student housing project complete and 100% occupied. Four breaking ground in the next 30 days 5 months. Four in various stages of feasibility. Two of those are in Portland and two are in Tacoma, Washington. Green Finished Micro Projects Red Proposed or Under Construction Micro Projects

3 KOZ SITE SELECTION PROCESS City Selection Criteria City Attitude Toward Micro-housing & Development Strong Transportation Infrastructure Rents & Vacancy Rates/Home Ownership Rate Demand Drivers (Universities, hospitals, strong business presence, etc.) Job & Population Growth Existing Project Pipeline Single Population/Median Age/Income Site Selection Criteria Zoning/Neighborhood Constructability Proximity to Demand Drivers Vibrant or Soon to be Vibrant Neighborhood Proximity to Transit/TODs Proximity to Retail/Walkability (Restaurants, Coffee Shops, Grocers, Bars, Fitness Centers, etc.) Demographics Infill or Challenging Sites in Transit Oriented Areas

4 KOZ DEVELOPMENT RELEVANT PROJETS Kōz 1554 Market Street - Tacoma Status: Feasibility 104 micro-apartments with ground floor retail along Market Street 7,800 SF lot Located in Downtown Tacoma, across the street from UW Tacoma and blocks from St. Joseph s hospital and its affiliated medical offices Distressed building; 2 aquifers under the building, one potentially contaminated, historically significant building City of Tacoma s Property Tax Exemption Program Initial Renderings of Kōz 1554 Market Street Kōz East 25 th Street - Tacoma Status: Feasibility 260 micro-apartments with ground floor retail along 15 th Street 24,000 SF lot Located in Tacoma s Dome District, one block from Tacoma s Transit Hub and a compliment to Tacoma s TOD Distressed buildings and underutilized site City of Tacoma s Property Tax Exemption Program Rendering of Proposed TOD Building Anticipate 25 th Street to be Similar.

5 KOZ DEVELOPMENT RELEVANT PROJETS 216X SW Yamhill - Portland, OR Status: Building Permit Review 30 micro-apartments including 26 premium loft units (15 ceilings) 5,000 SF site located in highly sought Goose Hollow neighborhood Infill Site - 50 x 100 SF parking lot located between 2 apartment buildings Portland Housing Bureau MULTE Tax Program 16 th and Marshall - Portland, OR Status: Design Review 128 market rate micro-housing units. Unit mix of studio micro-units, one-bedroom loft units, and 2-bedroom micros Located between The Pearl District and Northwest District Previously two distressed buildings in a area that is redeveloping Portland Housing Bureau MULTE Tax Program

6 KOZ DEVELOPMENT - RELEVANT PROJETS Koz 2211 SW 4 th Avenue (Downtown Portland) Status: Submitting Building Permit 108 micro-apartments including 46 premium loft units (15 ceilings) 11,000 SW lot located in downtown Difficult site (shape, proximity to 405, gateway to Downtown Portland) Portland Housing Bureau MULTE Tax Program 1208 Republican Street (South Lake Union) - Seattle, WA Status: Permit Review 47 market rate micro-housing units. 3,600 SF development site. Located in the highly sought after South Lake Union submarket. 3 blocks from Amazon Campus HQ (est. 25,000 employees) Infill lot - buildings on three sides; constructability is an issue. Strong access to shared cars (Cars2Go and ZipCar)

7 SMALL BUSINESS APPROACH Kōz Development Core Values Sense of Urgency Commitment Yes, before no Integrity Do the right thing Make a difference Opportunities are everywhere We like to do business with companies/cities that share our values Looking for partners We look for sites that improve communities as a whole and support vehicle-free, minimalistic living

8 Questions COSE \kōz\ :to make oneself cozy: be cozy A micro-housing and student housing development company