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New $60M Seattle Center facility lifts the curtain on opera


In 2014 Heartland was engaged by the Seattle Opera to assist them in consolidating their multi-location operations into a permanent home that would act as a catalyst for several public-private partnerships at the Seattle Center, ultimately driving value and vibrancy to the heart of the arts and entertainment corridor of the City.  Heartland assessed the Opera’s owned and leased real estate portfolio through a market, regulatory, physical, financial and legal lens.  Heartland then assisted the Opera’s Board and Senior Leadership team with an alternatives analysis to arrive at a strategy that would both satisfy the Opera’s programmatic and operational objectives, but also optimize asset values, direct or indirect financial contributions to the project as well as minimize risk for the Opera. Heartland is now working with the Opera to implement the selected strategy in support of the completion of the $60M, 105,000 square-foot Seattle Opera At the Center permanent home, projected to begin construction in January 2017.

Source: Puget Sound Business Journal


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