Development and Management Experience

Transcription

1 Development Management Experience Sunset House 2519 First Ave Acquisition, renovation preservation of Section 8 housing of 82 units for lowincome seniors people with disabilities. Renovations included common areas units. $15,500,000 9% tax credit investor Rose Street 8124 Rainier Ave S 2011 New construction of 71 one- two-bedroom units of housing for lowincome individuals families in 4 stories with some ground-floor $19,700,000 Tax Exempt Bond Debt WSHFC Bond Equity Canaday House 424 Minor Ave N Cascade Meridian Manor 1345 Meridian Ave N Northgate 2010 New construction of 83 studio units of housing for chronically homeless men women. Bellwether provided development finance consulting to the owner manager, Downtown Emergency Service Center Acquisition, renovation preservation of Section 8 housing of 109 units for low-income seniors. Renovations included common areas units. $16,600,000 9% tax credit investor King County HUD EDI Grant State of WA HTF $17,500,000 Tax Exempt Bond Debt Ozanam House 801 9th Avenue 2009 New construction of 56 efficiency units for homeless senior men. Bellwether provided development services for Archdiocese Housing Authority, which owns manages the building. $11,000,000 Holden Family Housing 2429 SW Holden St West Seattle 2009 New construction of 26 two- three-bedroom units with services for formerly homeless families. Bellwether provided development services for Archdiocese Housing Authority, which owns manages the building. $7,000,000 King County 2060 Sound Families

2 Kenyon House 3936 S Kenyon St 2008 New construction of 18 studio units for people living with HIV/AIDS /or chronic mental illness. Bellwether provided development services. Seattle Mental Health owns manages the building. $4,500,000 Urban League at Colman School 2300 South Massachusetts St North Rainier Stone Way 2501 N 45th Wallingford 2007 Rehabilitation/reuse of the historic Colman School into 36 units of housing for lowincome individuals over museum space. Bellwether provided development services for the Urban League, which owns manages the residential portion of the building New construction of 70 one-, two-, threebedroom units of housing for low very-low income individuals families in 4-stories over ground-floor commercial space. $20,700,000 Tax-exempt debt State HTF Capitol Campaign King County Jump Start $18,000,000 SHA Holly Park King County HIPDD Genesee Housing MLK Way S Judkins Park 23 rd Ave S Central Area 2006 New construction of 50 units of housing for very low income individuals families with developmental physical disabilities including HIV/AIDS. Part of Seattle Housing Authority redevelopment of Rainier Vista New construction of 16 units of two- threebedroom flats townhomes in the Judkins Park neighborhood for families earning between 30% 60% of AMI. Bellwether collaborated with AIDS Housing of Washington on this project. $9,800,000 HUD 811 Federal Home Loan Bank AHW Sound Families King County HIPDD $3,800,000 Sound Families SHA Holly Park Morrison Hotel 409 Third Ave Pioneer Square 2004 (Phase I) 2005 (Phase II) Substantial renovation historic preservation of 190 studios, 100 bed shelter 11,000 sq ft of Bellwether provided development services for Downtown Emergency Service Center, which owns manages the building. $26,500,000 2

3 YWCA Opportunity Place 2026 Third Ave The Gilmore 1530 Third Ave Downtown Seattle 2003 New construction of 145 studio & one-bedroom units, three floors of administrative, educational, case management Bellwether provided financial consulting services for the YWCA, which owns manages the building Partial demolition, renovation, new construction of 65 studio, one two bedroom units over 8,000 sq ft of $29,900,000 Tax Exempt Bond Debt City of Seattle Housing Bonus $13,700,000 Tax Exempt Bond Debt City of Seattle Housing Bonus Stewart Court 8th at Stewart Denny Triangle 2002 New Construction of 65 studios one bedroom apartments affordable at 50% to 60% of median income 7,000 sq ft of commercial space 96 parking spaces. $13,200,000 Tax Exempt Bond Debt City of Seattle Housing Bonus Admiral Housing 42nd Ave SW Admiral, West Seattle 2000 New construction of 15 studio units of housing for chronically mentally ill homeless adults for Harborview Mental Health Services. $1,600,000 HUD Section 811 Federal Home Loan Bank Security House 2225 Fourth Ave 1999 Acquisition, renovation preservation of Section 8 housing of 107 units for low-income seniors 15,000 sq ft of office retail space. Renovations included new roof, windows, common areas elevator improvements. $14,500,000 Tax Exempt Bond Debt Casa Pacifica 1167 N Republican Cascade 1998 New construction of 65 units of mixed-income housing, including 10,000 sq ft of commercial space for Lutheran Community Services. Majority of l donated by Seattle Times. $6,002,000 Tax Exempt Bond Debt Other 3

4 Tate Mason House 1100 Minor Avenue 1998 New construction of 97 units for residents 55 years of age over. L donated by Virginia Mason Hospital with shared parking agreement. $8,760,000 Tax Exempt Bond Debt Replacement Housing Kerner Scott House 510 Minor Ave N Cascade 1997 New construction of 40 studio units of housing for chronically mentally ill homeless adults for Downtown Emergency Service Center. $4,197,000 HUD Section 811 WA State HFU Federal Home Loan Bank Eagles Housing 706 Union Street Downtown Seattle 1996 Restoration of historic lmark in joint development with ACT Theatre including 44 studios one-bedroom apartments three new performance theatres. $3,200,000 Mercer Court th Ave E 1996 New construction of 24 one- to three- bedroom apartments 31 parking spaces. $2,270,000 Tax Exempt Bond Debt Bellevue & Olive 1651 Bellevue Ave 1995 New construction of 48 studio to three-bedroom apartments using energy efficient design recycled building material with 6,750 sq ft of commercial space parking. $5,426,000 WA State HFU Cascade Court 1201 Summit Ave New construction of 100 units providing studios to three-bedroom apartments 138 underground parking spaces. L partially donated by Priscilla Collins. $8,132,500 Other 4

5 Heg/Phillips House 711 East Union Rehabilitation of this 1902 home into 11 studio & onebedroom units. Bellwether manages these units under contract with owner, Historic Seattle PDA. $1,400,000 Owned by Historic Seattle, PDA Union Hotel 204 Third Ave S Pioneer Square Rehabilitation of an historic hotel into 52 units of permanent housing for formerly homeless adults for Downtown Emergency Service Center. Includes 1,650 sq ft of commercial space. $3,525,000 Family Housing: Juneau Townhouses 3801 S Juneau New construction of 10 townhouses apartments for larger families - 8 three-bedroom units 2 two-bedroom units. $2,413,000 (combined) Pardee Townhouses th Ave 1993 New construction of 8 three- four-bedroom townhouses renovation of an existing single family home into a five-bedroom townhouse. Graham/Terry 2014 Terry Ave Denny Triangle 1993 New construction of 107 units a 24-car garage with additional surface parking. Gut rehabilitation of 14 units. $6,600,000 Victorian Row 1234 King Chinatown - International District 1993 Rehabilitation of homes into studios to three-bedroom units. Bellwether manages these 14 units under contract with owner, Historic Seattle, PDA. These pre-1900 apartments are listed as a City of Seattle Lmark. $1,000,000 Owned by Historic Seattle, PDA 5

6 Bel/Boy 1411 Boylston 1990 Rehabilitation of six turnof-the-century ( ) homes into 47 single room occupancy units. Bellwether manages these units under contract with owner, Historic Seattle, PDA. $ 2,000,000 Owned by Historic Seattle, PDA The Cambridge 903 Union Street Restoration of 152 studio apartments common areas. Acquired from Seattle Housing Authority in $4,800,000 Tax Exempt Bond Debt Oregon Hotel 2305 First Avenue 1990 Complete renovation of the former Oregon Hotel new construction on adjacent parcel producing 83 studio units with 3,628 sq ft of retail space. $4,050,000 Kingway th Ave S Renovation of 165 units in a garden-style complex including interior renovations, new roofs, security improvements, courtyard, laundry entryway. $5,000, (c)3 bond Boeing Fund King 5 TV United Way volunteers John Winthrop 1020 Seneca Street 1989 Rehabilitation of 79 studio units located in a 1924 brick apartment building. $2,416, (c)3 bond Other sources Vine Court 103 Vine Street 1987 New Construction of 54 studio alcove units 3,000 sq ft retail space. $2,300,000 City of Seattle DHHS 6

7 Annapolis 1531 Belmont Ave 1987 Renovation of 23 units window major systems replacements. This 1901 brick building includes 1,025 sq ft of retail space. $1,042,000 Adams 304 Bell Street 1986 Rehabilitation of 22 units including major systems upgrades replacements upgraded this 1916 brick building. $927,000 Tax exempt loan Investor Sterling Court 1722 Belmont Ave 1984 Rehabilitation of 10 studio units for residents with up to 45% of median income followed later by a full rehabilitation. $250,000 Tax credit investors Olive Tower 1624 Boren Ave Downtown Seattle 1984 Rehabilitation of 86 studio apartments in a 1928 downtown high rise apartment building, including replacement windows major systems. $2,458,000 7