2019 Annual Highlights


Project Completions
  • Arbor Blocks

    390,000 SF of office space in South Lake Union pre-leased to Facebook with 4,100 SF of retail

  • Cypress

    237 units including 20% affordable housing in Yesler - reached stabilized occupancy in 7 months

  • Lakefront Blocks

    600,000 SF of office space in South Lake Union pre-leased to Google with 149 luxury apartments (Helm and Mera) and 11,500 SF of retail

  • UW School of Medicine 3.2

    200,000 SF of office, lab & clinic space in South Lake Union for UW School of Medicine


Groundbreakings
347,000 SF of office space leased to Google with 25,000 SF of retail

Leases


12,391 SF in retail leases signed for 7 new retail businesses
3,044 SF
2,225 SF
2,032 SF
1,421 SF
1,381 SF
1,217 SF
1,071 SF

Awards

Washington Chapter NAIOP Night of the Stars Office Development of the Year: Arbor Blocks

Washington Chapter NAIOP Night of the Stars Multi-Family Urban Residential Development of the Year >100 Units: Sitka

Seattle Business Magazine's Skyline Silver Award for Multi-Family Low-Mid Rise Development of the Year: Sitka

PSBJ's CRE Leadership "Game Changer" Award: Ada M. Healey

Gold Nugget Grand Award for Best Innovative Energy Design: Sitka

PSBJ's Power 100: Ada M. Healey


Sustainability


Innovations & Sustainability

First-of-its-kind Waste Water
Heat Recovery System: Sitka

Completed Phase 2 of Swale on Yale,
which treats 190M gallons of stormwater
annually

LEED Certifications

3 LEED for Homes Platinum
2 LEED Gold
1 LEED Silver


Community Impact

15th annual South Lake Union Block party welcomed 15,000 guests and raised $50,000 for FareStart which underwrites 16 wks of culinary & life skills training for five students

Installation of Dangos, artwork by Jun Kaneko, at Arbor Blocks, Island Treehouse, a functional treehouse for resident use, by Lead Pencil Studio at Sitka, and Willow Basket, artwork by Jean Whitesavage & Nick Lyle, at Cypress

Partnered with Capitol Hill Housing to provide relocation housing for 43 low-income residents during their building renovation

WMBE (Women and Minority Business Enterprise) participation (18%) and Apprenticeship hours (28%) at Cypress exceeded goals; Lakefront Blocks constructed with 18% apprenticeship hours


Acquisitions & Dispositions

Dispositions

Sale of $587.5M in assets:

   —Arbor Blocks sale for $415M with a record $/SF price of $1,069

   —Orion sale for $68.95M

   —Augusta sale for $98.1M

   —Druid's Glen sale for $5M

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