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

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Appendix F5 Reasonably Foreseeable Future Actions in Study Area

Transcription:

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

The site is located in the heart of Seattle s waterfront

The site is located in the heart of Seattle s waterfront

The site is located in the heart of Seattle s waterfront

Attractions boost demand for a waterfront development

Attractions boost demand for a waterfront development

Attractions boost demand for a waterfront development

Liquifaction Viaduct Easement Parking

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

Boeing Microsoft University Seattle s economy is rebounding steadily

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

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

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

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

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

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

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

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

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

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

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

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

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

How long will it take to absorb new units built between 2005-2008? Condo: 1900 units

How long will it take to absorb new units built between 2005-2008? Condo: 1900 units Apartment: 1900 units

How long will it take to absorb new units built between 2005-2008? Condo: 1900 units Apartment: 1900 units Absorption: 1200 per year

The viaduct removal creates new opportunities Before After

A height restriction currently limits the development height to 60

Eliminating the easement allows us to reinvent the possibilities

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

The Aqua Viva Development

The creative tower design maximizes both views

The creative tower design maximizes both views

The design also respects neighboring views

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

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

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

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

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

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

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

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

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

Aqua Tower Retail units capitalize on high-traffic green streets

Aqua Tower Two story restaurant

Aqua Tower 120 suite, boutique hotel with highend amenities

Aqua Tower 92 luxury condominiums above the hotel

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

Viva Tower Retail capitalizes on pedestrian activity on Spring St.

Grocery Viva s retail is anchored by a gourmet grocery store

Viva Tower Condo units

Construction phasing Phase 2 Phase 1

Our design will achieve a LEED Silver designation

Our design will achieve a LEED Silver designation

Our design will achieve a LEED Silver designation

Trolley Stop Aqua Viva complements the Waterfront community

The project is economically feasible Market Community Financial

Exit Strategy Residential: Pre sell 30%

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

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

The resulting financial model provides a positive outlook

The resulting financial model provides a positive outlook

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

A momentous addition to Seattle s Waterfront

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