TagEconomic Development Division(4)

Application guidelines and instructions for the Port of Seattle’s Economic Development City Partnership Program, which provides funding to King County cities for economic development projects. The document outlines funding eligibility, match requirements, eligible project types, and maximum award amounts by city based on population.

2020 REAL ESTATE STRATEGIC PLAN | August 2021 Introduction ..........................................................1 Market Context ....................................................2 Real Estate Principles .........................................7 Property Profiles and Strategies ...................17 Fishermen’s Terminal .................................. 18 Salmon Bay Marina ..................................... 21 Terminal 91, Pier 90 & Pier 91 .................... 23 Terminal 91- Uplands ................................. 24 Pier 90 & Pier 91 ............................................ 27 Harbor Marine Corporate Center ............. 29 Pier 69 ............................................................. 31 World Trade Center West ............................ 33 Portfolio Growth - Implementation ............35 APPENDIX .............................................................45 ACKNOWLEDGMENTS Port Commissioners Port Leadership Port Real Estate Team Advisory Committee Members Introduction 2020 REAL ESTATE STRATEGIC PLAN | August 2021 PROJECT BACKGROUND & PURPOSE Heartland has been tasked with developing a Real Estate Strategic Plan (RESP) for the Port of Seattle (POS) with a focus on select properties from the Port’s portfolio of industrial and office assets. The analysis and strategy serve an update to the 2016 POS Real Estate Strategic Plan, which resulted in a series of property specific recommendations that the Port has been leveraging since that time. The updated RESP is designed to provide the POS with a strategy to effectively evaluate and manage its existing portfolio of real estate assets while also providing a framework for evaluating future real estate investments and acquisitions. APPROACH & METHODOLOGY Underwriting of and Evaluation of Assets Heartland initiated the effort with a thorough review of Port selected assets within the portfolio. This included development of comprehensive tenant and occupancy profiles and development of a portfolio level model to evaluate future lease turnover and overall…