Redman Family
09.19.2019
Heartland was engaged in 2013 by the Redman Family, a third-generation Seattle family and founder of Sellen Construction, to conduct a highest and best use (HBU) analysis, financial feasibility analysis and to create and lead an implementation plan for the development of a long-held family assemblage in the heart of South Lake Union (SLU). The goal was to create a high-quality, legacy asset that contributes to increasing the vibrancy and richness of South Lake Union and creates value for future generations. As part of the implementation, Heartland led the formation of the development team, the financial analysis, deal structuring and capitalization (both debt and equity) for the project and is providing project management and ongoing asset management through construction and operations. The 170,000 square foot mixed-use boutique office development was completed in 2018, with Amazon leasing the office space and an eclectic mix of retail tenants leasing space on the ground floor.
