News & Press

Polygon has plans for Ravenna block

11.11.2013

CHSW is a statewide non-profit organization dedicated to improving the lives of children. Heartland first worked with CHSW in 2008 to evaluate their portfolio of properties, spread across eight (8) geographic locations throughout the state. The primary objective was to inventory the real estate assets held by CHSW and to provide a current valuation of each asset, informed by site context, market forces, site conditions, and development capacity.

Heartland’s updated analysis in 2012 led to the decision to surplus a key land asset in the Ravenna-Bryant neighborhood of Seattle that has been home to CHSW for over 100 years.  Encompassing an entire city block at 3.7 acres, interest in the property was strong and multiple offers were received.  The property was sold to Polygon Northwest in January 2014 with a leaseback provision that allows CHSW to remain on the property as they search for replacement space for their corporate headquarters.  Heartland is assisting the Society in this effort.

Source: Daily Journal of Commerce

New $164M Denny Substation won’t have high rises on top

10.03.2013

Heartland assisted Seattle City Light (City Light) in the strategic planning for the acquisition of the North Downtown substation. In addition to identifying candidate properties that optimize operational, economic and community goals, Heartland represented City Light in the negotiation and documentation phases and coordinated with internal and external environmental, legal and finance team members to close the transaction. Heartland continues to represent City Light with its major real estate transactions and long-range portfolio management.

Source: Daily Journal of Commerce

Pratt arts center issues RFP for site in Central District

09.17.2013

Pratt Fine Arts Center engaged Heartland to advise on redevelopment strategies of its existing campus. Heartland is currently working closely with Pratt to market the preferred redevelopment plan and to identify a developer to build two buildings on the site. The RFP is available on the Heartland Website (LINK), and is due on October 11th.

Source: Daily Journal of Commerce

Issaquah ready for an urban makeover

03.13.2013

Since 2008, Heartland has been helping the City of Issaquah with the creation of a new sub-area plan for Central Issaquah that will guide its development over the next 30 years from its current auto-oriented commercial land use pattern into one that is more pedestrian and transit-oriented in nature.

Source: Daily Journal of Commerce

 

Housing board picks Vulcan to redevelop Yesler Terrace

01.22.2013

Since 2008, Heartland has been engaged by the Seattle Housing Authority (“SHA”) to provide strategic planning and real estate development feasibility services related to redevelopment of Yesler Terrace into an urban, mixed-income community. At present, Heartland is advising SHA regarding the negotiations with a potential master development partner.

Source:  The Seattle Times