11.01.2021
Heartland is advising St. Luke’s Episcopal Church on its campus redevelopment in Ballard. The project involves the construction of a new 15,000 SF facility for St. Luke’s and 286 mixed-income housing units, created through an air rights lease to Security Properties and a ground lease to BRIDGE Housing.
10.12.2021
Heartland advised Laird Norton Properties (“LNP”) on the development Orenda, a mixed-income, mixed-use project located in Seattle, WA, that was jointly developed with Spectrum Development Solutions. The Orenda development, completed in September 2021, includes 176 mixed-income apartment units and a 53,000 square foot commercial condominium to be purchased by Seattle Children’s Hospital (“Seattle Children’s”) and operated as the second location of the Odessa Brown Children’s Clinic. Seattle Children’s has also committed additional equity at a submarket, impact rate of return, in exchange for additional workforce-affordable units, which now total 72, or 40% of the total number of units. Heartland provided LNP with predevelopment and development activities including financial analysis and representation at construction progress meetings, and with ongoing asset management services for the now-operating Orenda building.
10.04.2021
Last weekend, a group of Heartlanders Joined a group of 120+ volunteers in support of the Auburn Valley YMCA to deliver site improvements and upgrades that will help the Auburn Valley ‘Y’ continue to achieve its mission in serving the local community.
Heartland was thrilled to be a Sponsoring Partner of the NAIOPWA’s 2021 Community Enhancement Volunteer Event helping support the great community spaces, amenities and programs that the YMCA provides in our region.
10.01.2021
Heartland advised Laird Norton Properties (“LNP”) on the development Stateside, a student housing project located in Bellingham, WA, that was jointly developed with Spectrum Development Solutions. The Stateside development, completed in August 2021, includes 164 apartment units with 513 leasable beds, an office for Western Washington University (“WWU”), and a 2,400 SF retail space. Heartland provided LNP with predevelopment and development activities including financial analysis and representation at construction progress meetings, and with ongoing asset management services for the now-operating Stateside building.
09.28.2021
In 2017, Heartland worked with the Roosevelt Neighborhood Association to help inform advocacy for transit-oriented-development aligned with neighborhood goals. RNA said “Yes In My Backyard” to affordable housing, and helped to secure City of Seattle funding for Bellwether’s Cedar Crossing project, which is expected to open next to the station in 2022.
