South Park Residential Urban Village Site 8914 14th Ave S Seattle, WA 98108 For more information contact: Andrew P. Langsford Founder & Principal (425)531-7966 andy@vreg.co Brian Suite Broker Director of Operations (808)927-1202 brian@vreg.co Development Site for Six Story Mixed-Use Building Plans for 60 Residential Units and Ground Level Retail 12,000 sf Lot C2-65 Zoning (Commercial Zone 2-65 ft. Building Height) $1,620,000 Phone: 425.531.7966 Fax: 425.732.3200 40 Lake Bellevue Dr. Suite 230 Bellevue, WA 98005 www.vreg.co
South Park Residential Urban Village Site 8914 14th Ave S Seattle, WA 98108 Property Description Andrew P. Langsford (425)531-7966 South Park Apartments 8914 14th Ave S Seattle, WA Located in Seattle's South Park neighborhood, this site has an existing mixed use building with a total of 6 units. The highest and best suited use for this property is for the development of a 6-story mixed use structure, or remodel the existing 6 unit and develop during the next cycle. The existing building includes an 800 sf office space, two studio units (475 sf -500 sf), an 800 sf one bedroom unit, a 780 sf two bedroom unit, and an 1850 sf three bedroom unit. The property is zoned C2-65 - Commercial 2 with a maximum allowable building height of 65 feet. There is potential to up zone the property to C2-75 through the Mandatory Housing Affordability which would require 5-7% of the units to be reserved at affordable rental rates for low-income tenants and allow for a building height of 75 feet. The attached feasibility study includes 60 total residential units, 20 of which will be studios ranging in size from 560 sf - 605 sf. 35 of the proposed units are 1 bedroom units ranging from 560 sf - 820 sf. There will also be five, 2 bedroom units with 1,115 sf of livable area each. Along with the 60 residential units, the ground level will have 5,280 sf of commercial space along with bike storage, trash/mechanical areas, and a residential lobby. Parking for the building will be in a two story underground parking garage. 61 parking stalls are required with the current plans but the proposed structure will provide 20 standard stalls, 48 compact stalls, and 2 handicap stalls for a total of 70 parking spaces. page 2 of 10
South Park Residential Urban Village Site 8914 14th Ave S Seattle, WA 98108 Property Photos Andrew P. Langsford (425)531-7966 South Park Apartments Site 8914 14th Ave S Seattle, WA page 3 of 10
South Park Residential Urban Village Site 8914 14th Ave S Seattle, WA 98108 Location Map Andrew P. Langsford (425)531-7966 page 4 of 10
SOUTH PERSPECTIVE - FROM 14TH AVE S LOOKING NORTH SOUTH PARK APARTMENTS 07.19.2017 SEATTLE, WASHINGTON i
PROJECT OVERVIEW ADDRESS: 8914 14TH AVE S, SEATTLE, WA 98108 APN: 7883608611 AREA: 12,000 SF PROJECT SITE: 8914 14TH AVE S PROJECT DESCRIPTION: This site is best suited for a 6-story mixed use, midrise structure containing 60 residential units with ground level commercial, and two levels of parking below grade, holding approximately 70 vehicles, accessed from the alley at the west side of the site. The building will be approximately 79,000 GSF in total building area. The existing structure on-site would be demolished. No departures are currently proposed. SOU TH PA RK B R IDGE CONSTRUCTION TYPE: 5 LEVELS (5A) OVER 1 LEVEL (1A) + 2 BASEMENT LEVELS WARD ST ALOHA ST VALLEY ST 5TH AVE N Y RWA ATE HW BOEING SOUTH PARK S HENDERSON ST BOEING FIELD AMIS DUW 14TH AVE S PROJECT SITE: 8914 14TH AVE S LEGEND W M NA GI AR 5-Min Walking Radius DENNY PARK L AY W Uptown Urban Village Project Site 07.19.2017 SEATTLE, WASHINGTON 1
ZONING ANALYSIS LAND USE CODE SUMMARY Land Use Code Analysis - General Data Assessor Parcel Number: 788360-8611 Legal Description: SOUTH PARK, PLAT BLOK: 45, PLAT LOT: 45 THRU 48 Street Address: 8914 14 th Ave S, Seattle, WA 98108 County: King State: Washington Authority Having Jurisdiction: City of Seattle Total Lot Area: 12,000 sq. ft. (0.28 Acres) Present Use: Vacant Lot, Apartment Pedestrian Zone: Overlay Zone: Environmental Critical Area: Frequent Transit: No. South Park Residential Urban Village Liquefaction No Current Zoning: C2-65 Commercial 2 Building Height: 65-0 FAR (residential): Maximum 4.25 FAR (mixed uses): Maximum 4.75 Building Setbacks: Front Yard: None Side Yard: None Rear Yard: None PROJECT SITE: 8914 14TH AVE S Design Review Required: Residential Use: Commercial Use: Yes Residential uses are conditional uses in C2 zones under subsection 23.47A.006.A.3, except as otherwise provided above in Table A for 23.47A.004 or in that subsection 23.47A.006.A.3. Permitted Mandatory Housing Affordability (MHA) A Draft Environmental Impact Statement (DEIS) published on June 8 th proposes upzoning to this project site by the office of Planning and Community Development. Under MHA, anyone building a multifamily or commercial building must contribute to affordable housing. They can include affordable housing in their building or they can pay into a fund the City uses to create and preserve affordable housing throughout Seattle. The Final EIS is being prepared and will be published in the fall of 2017, with the potential to be implemented in 2018. Proposed Zoning: C2-75 (M) Implications: Performance option: In new buildings, 5-7% of homes will be reserved at affordable rents for low-income people. Payment option: Developers will contribute $7-21 per square foot to support creation and preservation of affordable housing throughout Seattle More information: http://www.seattle.gov/hala/about/mandatory-housing-affordability-(mha)/mha-citywide-eis 07.19.2017 SEATTLE, WASHINGTON 2
DESIGN PROPOSAL DESIGN SUMMARY SITE AREA 12,000 FAR C265 - Residential 4.25 51,000 C265 - Mixed 4.75 57,000 BASE - B1 n/a L1 8,950 L2 9,438 L3 9,438 L4 9,438 L5 9,438 L6 9,438 ROOF 672 TOTAL 56,810 REQUIRED PROVIDED PARKING 61 70 Standard 20 Compact 48 Accessible 2 COMMERCIAL 5,280 BIKE STORAGE 605 TRASH/MECH. 1,050 RESIDENTIAL LOBBY 860 RESIDENTIAL UNITS 60 OPEN-1 (560-605SF) 20 1BD (560-820SF) 35 2BD (1,115SF) 5 SOUTHWEST PERSPECTIVE - FROM THE CORNER OF S HENDERSON AND 14TH AVE S 07.19.2017 SEATTLE, WASHINGTON 3
DESIGN PROPOSAL PLAN DIAGRAMS 5-0 DEDICATION AT ALLEY COULD BE REQUIRED BY CITY ALLEY ALLEY ALLEY ALLEY DN DN 14TH AVE S 14TH AVE S 14TH AVE S 14TH AVE S UP S HENDERSON ST S HENDERSON ST S HENDERSON ST S HENDERSON ST BASEMENT PLAN DIAGRAM GROUND FLOOR PLAN DIAGRAM LEVEL 2 - LEVEL 6 PLAN DIAGRAM ROOF PLAN DIAGRAM PLAN DIAGRAM LEGEND COMMERCIAL ENTRY RESIDENTIAL ENTRY BIKE ENTRY UNIT MIX TYPE L2 L3 L4 L5 L6 TOTAL % OPEN-1 (560-605SF) 4 4 4 4 4 20 33% 1BD (560-820SF) 7 7 7 7 7 35 58% 2BD (1,115SF) 1 1 1 1 1 5 8% TOTAL UNITS: 12 12 12 12 12 60 PARKING / SERVICE ENTRY EGRESS PATH 07.19.2017 SEATTLE, WASHINGTON 4
DESIGN PROPOSAL CONCEPT RENDERINGS NORTHEAST AERIAL NORTHWEST AERIAL NORTHWEST PERSPECTIVE - FROM THE CORNER OF S CONCORD AND 14TH AVE S SOUTHWEST AERIAL 07.19.2017 SEATTLE, WASHINGTON 5