Microsoft’s commitment to affordable housing

02.08.2021

Heartland is proud to be a collaborative advisor partner in Microsoft’s continued corporate leadership in addressing regional housing challenges. Since announcing their $750M commitment to affordable and workforce housing, Microsoft has maintained a focus on holistic impact and system-level intervention to influence change that will outlive their initial investments.

Explore Microsoft’s Power BI visualization of the work to date here: Microsoft Affordable Housing Initiative Website
Read more about Heartland’s efforts in Jane Broom’s op-ed piece: Opinion: Take steps now to address the affordable housing crisis –Puget Sound Business Journal
Additionally, you can find more detailed information on specific commitments within the initiative here: Microsoft’s commitment to addressing affordable housing in the Puget Sound region

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St. Luke’s Ballard Campus Redevelopment: Mixed-Use Development Opportunity

01.27.2021

Heartland is excited to be representing The Diocese of Olympia and St. Luke’s Episcopal Church in Ballard in their search for a partner to create a new church facility within a mixed-use multifamily community. St. Luke’s is seeking a development partner who is interested in creating a financially, socially and environmentally sustainable community that serves as a model for other faith-based organizations. Heartland is requesting qualifications (the “RFQ”) from market rate developers with experience working on large, complex development projects, ideally with experience working with non-profits or faith-based groups. The property in this offering consists of four parcels with a total land area of 40,000 square feet and is zoned for a wide range of uses including multifamily residential and neighborhood business.

A subsequent RFQ will be issued for affordable housing developers for a 15,000 square foot development opportunity adjacent to this offering.

To access the RFQ and learn more about the opportunity, please click on “LEARN MORE” below.

If you have questions, please submit them to Chris Fiori cfiori@htland.com and Evan Schneider eschneider@htland.com, by February 5th at 5:00PM.
Final responses are due on Wednesday, February 24th at 5:00PM.

For a DJC article about the proposed development, click the link below.
On the Block: A different kind of church redevelopment in Ballard –Daily Journal of Commerce

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Managing Real Estate Assets to Optimize Mission

12.15.2020

In addition to our work with real estate companies and public agencies, corporate real estate is a major part of Heartland’s advisory portfolio. These two transactions (each years in the making) that coincidentally closed on the same day, are great examples of our work with owner/occupiers. While REI and The Seattle Labor Temple Association, Inc. are very different organizations, they share a common need to manage their real estate assets to optimize their missions. We are proud to have been able to support the continuing evolution of these two important Puget Sound organizations. You can read more about both transactions in the articles linked below.

Warehouse developer closes on purchase of REI’s former HQ in Kent –Puget Sound Business Journal
Social club for businesses planned for historic Labor Temple in Belltown –Puget Sound Business Journal

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