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HomeMy WebLinkAboutCAP 2013-01-28 Item 2C - Development Agreement - 223 Andover Park East with South Center WA LLCTO: City of Tukwila Jim Haggerton, Mayor INFORMATIONAL MEMORANDUM Mayor Haggerton Community Affairs and Parks Committee FROM: Derek Speck, Economic Development Administrator DATE: January 23, 2013 SUBJECT: 223 Andover Park East Proposed Development Agreement ISSUE The owner of 223 Andover Park East (the former Circuit City site) has asked the City for permission to construct a building that would exceed some current zoning limits at that site. BACKGROUND In 2010, Omar and Christine Lee, as the managing members of South Center WA LLC, purchased the property at 223 Andover Park East, which was the former Circuit City site. Since that time the owners have conducted preliminary feasibility analysis to redevelop the site. Their current concept is to construct a pair of attached, seventeen story buildings that would be almost 180 feet tall and would comprise approximately 170 hotel guest rooms and 280 residential units. Current zoning at this location does not allow residential units and has a height limit of 115 feet. The owners would now like to perform additional analysis to determine if this project is financially feasible. Before they invest the additional funds necessary for the more in -depth analysis, however, they would like approval of the residential use and additional height. They are not requesting any other approvals at this time. The project would still go through the City's regular design review and building permitting processes. DISCUSSION The key question for the City is whether we want to encourage this type of development in this location. This development would be a significant change for the area. The site is located in the core of the Tukwila Urban Center (TUC), which is between Westfield Southcenter and the Sounder commuter rail station. The TUC is also known to some people as Tukwila's Southcenter District. Bringing this many residents into the Southcenter District will be a significant step toward the area feeling more like a downtown for Tukwila and would have the effect of adding a new neighborhood and constituency. These would also be the tallest buildings in Tukwila. Staff believes this is an excellent project that will serve as a positive catalyst for the City's vision for future growth in the Southcenter District for the following reasons: 1. Fosters a Neighborhood: This project will be a catalyst to create a pedestrian friendly, walkable neighborhood in the core of Tukwila's Southcenter District. The people who 33 INFORMATIONAL MEMO Page 2 would choose to stay or live in this development would do so for the convenient access to the freeways but also for the convenience of walking to restaurants, entertainment, shopping, buses, and the commuter rail station. 2. Supports Existing Business: This project's guests and residents will support existing businesses. 3. Improves City Image: The project will be high quality and will improve the image of Tukwila's Southcenter District and identity for the entire City. 4. Encourages Residential Development: The project will stimulate additional development in the Southcenter District's core by serving as an example of the financial feasibility of residential development. 5. Encourages Apartments in Other Neighborhoods to Improve: The residential units will encourage the private sector to redevelop or renovate existing apartments in Tukwila by showing demand for higher quality units and rents that justify new construction. 6. Supports Comprehensive Plan: This site lies within the core of Tukwila's Urban Center (TUC). The City's Comprehensive Plan has a vision for the TUC to be a "great place for working, shopping, doing business, living, or playing." One of the noted future features is "a core area of high quality, walkable retail, entertainment, housing, public spaces, and employment..." Since this site is located in the TUC core and would add housing that is walkable to transit, retail, and entertainment, it supports the Comprehensive Plan. 7. Supports Housing Targets: The residential units will help the City meet its housing targets as required by the State Growth Management Act and as determined through King County's Countywide Planning Policies. 8. Supports Urban Center Designation: The TUC was designated as one of the region's urban centers, which are described in the Countywide Planning Policies as areas of concentrated employment and housing with direct service by high capacity transit. As such, the TUC earns preferential treatment for transit service and facility improvements. The housing and employment with this project supports the TUC's urban center designation. Southcenter Plan The City of Tukwila is preparing a plan for the Southcenter District. The Plan will present the community's vision for the evolution and continued growth of the area for the next 20 years and will include related changes to zoning and development standards and requirements. Although the Plan is still in development, it appears that the owners' development proposal is very likely to fit within the vision of the Plan. The Tukwila Planning Commission has completed their review of the most recent draft Southcenter Plan documents and approved the draft documents as presented at their October 25, 2012 meeting. Those documents support residential uses at this site but would set a height limit of 70 feet. However, it should be noted that the owners secured a major investor just prior to the Planning Commission's approval and so the height issues inherent in this project were not fully considered. At the Planning Commission's October 25, 2012 meeting, this project was W: \Derek \Omar Lee \Council Memo V2.doc 34 INFORMATIONAL MEMO Page 3 briefly discussed and the Commission indicated strong support. If the Council approves a development agreement allowing this height at this site, the draft Southcenter Plan documents can be revised to take this policy into account. Development Agreement In order to build to this height and allow residential uses at this site, the City would need to either change the zoning for the neighborhood or execute a development agreement for that specific property. Since the City is currently working on the Southcenter Plan it is more appropriate at this time to execute a development agreement for this site. A development agreement would require the Council to hold a public hearing and approve the agreement by ordinance. Staff recommends the basic terms of the agreement to be as follows: 1. The City would grant the current owners the right to construct buildings on the Circuit City parcel up to 180 feet for up to 50% of the lot area. The remainder of the lot would have height limits as determined by the zoning in effect at the time that a complete design review application is submitted. 2. The City would grant the owners the right to include up to 300 residential housing units. 3. The owners must submit a complete building permit application to the City before the end of 2015. Otherwise, these rights expire. Once a complete building permit application is accepted by the City, the vesting rights apply as under State law. 4. The residential housing units must be platted as condos and the water intrusion system must meet the state's laws as required for condos. This agreement would provide the owners almost three years to complete the financial feasibility, complete environmental analysis, secure hotel agreements, arrange financing, complete design review, and create construction documents for building permit submittal. This agreement would not change any other governing regulations. The rest of the zoning codes, building codes, and other development standards would be applied as for any other project. This agreement would not change any fees related to the project. In the future the owners may request the City waive, amend, or defer fees but that would be a future decision for the City Council. Staff is seeking feedback from the Committee on proposed terms. If the Committee is interested in this proposal, then staff will prepare a draft development agreement and ordinance for Council approval. Staff would like the Council to hold a public hearing at the Committee of the Whole meeting on March 11 and schedule a vote for the Regular meeting on March 18. Official notice for the public hearing would be published on February 25. The Committee could reconsider this item with the draft agreement and ordinance at its meeting on February 25 and then decide whether to forward the item to the full Council. However, staff recommends the Committee forward this item to the full Council's Committee of the Whole meeting on February 25. That would enable the full council to have extra time to review and discuss the draft agreement and ordinance. W: \Derek \Omar Lee \Council Memo V2.doc 35 INFORMATIONAL MEMO Page 4 FINANCIAL IMPACT There is no additional budget requested for this item. If this project gets developed as proposed, it would generate additional sales and property taxes and fees and additional requests for public service. RECOMMENDATION The Council is being asked to consider this item at the February 25, 2013 Committee of the Whole meeting, hold a public hearing at the March 11, 2013 Committee of the Whole meeting, and take action at the March 18, 2013 Regular Meeting. ATTACHMENTS Letter from Omar Lee dated January 17, 2013 Conceptual sketches from Mulvanny G2 dated January 23, 2013 Mass and scale sketches dated December 2012 W: \Derek \Omar Lee \Council Memo V2.doc 36 South Center WA, LLC 18230 East Valley Highway Suite 195 Washington 98032 Telephone (425) 251 -1600 Facsimile (425) 251 -1900 January 17, 2013 Mayor Haggerton, We have enjoyed working with you and your staff on the future development of our property located at 223 Andover Park East, which was formerly a Circuit City store. We purchased this property in October of 2010, because we like the location and believe in the future of Tukwila's Central Business District (CBD). At our first meeting in late 2010, you and your staff shared your vision for Tukwila's CBD. This meeting inspired us to seriously consider building a pair of seventeen -story towers consisting of apartments and a luxury hotel. To date, we have made a significant investment into evaluating the financial feasibility of this project. However, before taking the next step with the development, we must have certainty regarding the allowable building height. The current zoning height limit is 115 feet. This development project requires up to 180 feet excluding mechanical appendages. We respectfully submit that requesting the City grant us a variance in the form of a development agreement. Although the project will change as our plans develop due to lender /investor requirements and market demand, our current concept is to include 171 hotel rooms and 282 residential units. We will also include some retail and restaurant space on the ground floor. We believe this project is a great opportunity for the City of Tukwila, as it will set the stage for additional developments in the CBD. This project will create many jobs and attract more customers to local businesses. Furthermore, it will improve Tukwila's image by demonstrating its status as a desirable location for large development projects and pro - growth attitude. Our investors and we have a strong track record for developing quality projects (please see a copy of my resume attached hereto). We have developed many retail and commercial properties, office buildings, apartment complexes and shopping malls. Our nearest project is only a few miles away at the Great Wall Shopping Mall in Kent. We transformed what used to be an abandoned hardware store into a thriving Asian shopping mall that provides hundreds of jobs and 37 is now used as a central location for food, entertainment and shopping. We look forward to performing a similar transformation with this currently abandoned Circuit City building. We are very excited to get this project underway and are looking forward to working with you and your staff. Thank you for your support, time and consideration. Very Truly Yours, 38 mar . Lee AFETRZEg f4 i'r flrf'r.�. Ink la. "+l'�'i1'lr\ !�R� \4 °�Vr�aaterw i�ritir r�ti�wsii MI, NI Ilk ■►��a�►rc2�rrr� Mania *UMW* =Male AIM M.k11111. UM" ....= ,ir►.r,.. ri +r rqn► Mile' ar :I I W trrrreiroarriar+s x- WILL ',MIAMI. MUM Min :amok ' ft _ ys+tiizis. rre...w rrr rT� �.- �..—.. 'lit'. II IINV 'WVail011 =W. wait.. -wNIz Mrtark:rA MI MM. 39 ±SV3 >12idd 2i3AOcN`d i.INIIIIUIIIIII1 40 • 1 41 • NNI3�N3 JIS321 Fa 4A. ICI �at 42 r LOWER TYPICAL FLOOR PLAN MULVANNY G2 71-77— 1-1 — 4 16TH &17TH LOFTTYPICAL FLOOR PLAN 12TH -15TH TYPICAL FLOOR PLAN ZVI ■\\ 43 M 44 ,A-,6Z- „0 -,LZ „0 -,LZ TYPICAL 1 BR UNIT TYPICAL 2BR UNIT ”0-,L Z TYPICAL 2BR CORNER UNIT MIMMOILlirkla 45 0 0 0 in „9 -,6Z 46 „9 -,6Z „9 -,SZ TYP. QUEEN BEDROOM W/TUB TYP. QUEEN BEDROOM W /SHOWER TYP. KING BEDROOM W /SHOWER I I a a a a a a C a a K CO CC CO CC CO CC CO a a a a a a Co a a a a a a cc 0 cc co CC CO N N CC N ti CC CO C CO N 9' C, 11 II VI 47 CC CC 03 m +� CC m cc m CC O] K 00 cc — I N CC 03 . CC CO .—.e "rC� CO 48 0 co K 00 cc m CC CO N N 114 CC CO N cc m cc co N N 1 H O J I- LL m o J M a1— H 0 J m LL m M 49 „O -,O81 t n L ltD RESIDENTIAL x J U z 2 U N z W Q J N 0 cc in z METAL PANEL m L N L „0-,0171 L L C' -C CO L N -C -C L!1 m „ b -,6 ,O-,ti \,A-,9 N 1 I z cC J r Q N W W - CC erff_t�� �. .5imm•EIMEMis tl li001d 3AI1)3X3 50 1:1001d 1S3fl 1310H x a0013 lIN3WV 1310H ZWIWAZIWKW O C O 0 E0 d N a co Total Units t0 M l0 M lD M tO M lD M l0 M t0 m l0 M l0 M 01 N Ol N 01 N 01 N M .--I 453 Residential 3 Bedroom 1 00 0 00 N I2 Bedroom 1 M M M M M M M M M v v c v on 1 Bedroom 00 0 00 0 00 0 00 00 00 00 00 00 • 00 00 00 00 00 25 1 00 N 00 N ul N 3.0 N N Hotel Guest Rooms ti ti H- ti ti ti -� n L GBA (sf) Total o O N N O O Ci .-1 24,800 24,800 24,800 24,800 24,800 24,800 24,800 24,800 24,800 24,800 24,800 24,800 24,800 22,500 22,500 I I 414,000 Retail 3,300 1 3,300 1 Residential I 8,000 oo O 00 1 14,300 1 14,300 I 00 00 V c1 00 00 Ti" .-I 00 00 V 1-1 00 00 V . 00 00 V .-I 14,300 1 00 M V .-1 24,800 I 00 00 V N 24,800 24,800 1 00 IA N N 22,500 I 0 0 Ol lD 00 N Hotel 18,400 0 m 0 .--I 0 111 0 e-1 0 Vl 0 .-1 0 ill ■ .-I 0 lll 0 .-1 0 lil ■ .--■ 0 Vl 0 .-1 0 V1 0 .-1 0 to 0 '-1 0 to 0 .--I 0 00 M N N 21001] 1VJIdAl H0011 3A11nJ3X3 1101 O O LL (Ground Floor Level 12nd Floor Level 13rd Floor Level 14th Floor Level 15th Floor Level 16th Floor Level 17th Floor Level 18th Floor Level 19th Floor Level 110th Floor Level 11th Floor Level 112th Floor Level 113th Floor Level 114th Floor Level 115th Floor Level 116th Floor Level 117th Floor Level 1Roof Slab Total W d co fl O V .--I O O M , Ol m 0, CO 00 , 00 Vl , I. lD 0, t0 I� , lD 00 d' in m c9 O ei O ti ri 7 N N 00 m c-1 O 00 r1 V Vl .-I 00 l0 .-I O N .-1 1IW111H913H 1N31121123 ,STT 11-1913H 03SOdO21d ,OT +,OLT SV3UV a3MO11VI1N30IS3a ONV 131OH 0000 ti 0l 0J v 70 > 0 O O H b 00 M11 01 ti 0 00 07 N N 1A 0 00 N H N 00 N 07 w 00 00 00 ti N O 00 N IT 00 N t0 00 M N N N N 00 CO 0. 07 0: 0 O 00 16 10 N 40 0 00 N l0 0 00 N 00 0 00 N (0 0 00 CO LO N 00 0 00 c c N > 00 00 m o_ 00 0 O O SV3aV 39Vi1V9 9NINUVd • -c (CO N To E 0 F 0[ C 00 0! C W 07 O' K C 0 E 00 C N E C Q N m 9 9 9 O O 01 o.-+m m 9 9 9 O O O 0 .-I m In 9 9 9 9 'En vl O N N N m CO E O t O 01 O E d m N O O 0 E • m N O N 4/1000 sf retail 01 c Q 0 O c O 0 a _ o u c v c N m d Aadwwns 9NI011118 0NV 9NINOZ 51 f 52 ►1111�;���� ��� ��� 1'1 ,11!1,LAI11allL1�����, ��,i maSmiawa1•a MEIN' likk. MUM= MEI BEE Eno tentiMMUSEM ME 1lPcirirP,,ATNZ: MO Wiam-aman MIME 0 Er ldV ►1 ?I'ti' 11' I II L I I II II 1I ■ !.g illersons,,,,, ww.i.mg OPER __, worirta nolinnatiqiiporof aninatiola PIPPIIPPrerillitaffififig gerpercarafillegigg 1111010000 MULVANNY G2 Mass and Scale Sketches December 2012 View from Conference Room 2 in the 6300 Building (existing Circuit City location is circled in photo) 55 56 View from the Tukwila Hill Reservoir (existing Circuit City location is circled) View looking south along Andover Park E 57 fi 11111 _I_l_I_I 111111111111111 mini um 11111111111111111111 rnnnrnmi ■I ■1 ■I ■I���I� • 11111 11111111 111111111111 1MU 11111m1111111111111 .111111.� 1111 ■I■I■•f■Ifii i 1111MEE•���� 58 Looking west over West Valley Highway and Green River towards the Mall Images provided by the Department of Community Development. All images are approximate.