A transformation from low-density suburbia to an entrepreneurial nucleus and car-free community TRANSITion Street: Pedestrian-only Lantern Street bring

neighbors and visitors out for Night Market [View A] Concept

TRANSITional Town Center

Team 2301

Team 2301

Team 2301

Master Plan
24th Ave S 27th Ave S 28th Ave S
Ra r inie e Av K ML Jr W

th chuyn tip
Phasing
Phase 1 (2013 - 2014)
Relocation of Transit Center Build out of TRANSITion Station Market Rate Rental Housing: 126,000 sq.ft. Affordable Rental Housing: 14,000 sq.ft. Institutional: 31,000 sq.ft. Market Rate Retail: 94,000 sq.ft. Incubator Retail: 9,000 sq.ft. Structured Parking: 50,000 sq.ft.

TRANSITion Station: Lowes, behind retail and housing, creates an attractive arrival at Mt. Baker Station [View C]

TRANSITion Station
S Bayview St

S Bayview St

45 41

46

47

42
S Waite St

43 49

44

1. Starbucks Coffee 2. Lululemon Yoga 3. Annyong Korean BBQ 4. Mikes Bikes 5. Lowes Home Improvement 6. Elevation Residences 7. Pho Hoa 8. Sushi Sakura 9. Taiwan Tea House 10. Blossoms Flower Shop 11. Ophelias Books and Cafe 12. Mount Baker Light Rail Station and Transit Center

ay

Phase 2 (2015 - 2016)

Enclosure of Lantern Street Build out of TRANSITion Street Market Rate Rental Housing: 435,000 sq.ft. Affordable Rental Housing: 48,000 sq.ft. Institutional: 20,000 sq.ft. Market Rate Retail: 72,000 sq.ft. Incubator Retail: 15,000 sq.ft. Structured Parking: 85,000 sq.ft.

Design Objectives
TRANSITion Station Combine big-box retail, residential midrise, and small-bay shops to turn a transit station into a destination TRANSITion Street Create streets that function as successful public space, with high street retail, local businesses, and a night market TRANSITion Neighborhood Establish a Town Center to create neighborhood identity between Mount Baker and Beacon Hill TRANSITion Community
S Lander St

TRANSITion Street
S Lander St

40 42 42

13 37 14 15 16 17 18 19 37 27 28

20 21 22 23 24 25 26 30 31 32 33 36 34 35

36 P
Cherry Blossom St

38
S McClellan St

39

29

A
1 2 3 4 5 6 P

S McClellan St

Development Summary
Total Development Cost: $323 million Terminal Asset Value: $440 million Total Leveraged IRR: 23.99% Total Unleveraged IRR: 10.83% Total Equity Requirement by Phase:
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 $12.7 million $30.0 million $16.0 million $13.4 million $16.4 million 28.2% Levered IRR 22.1% Levered IRR 17.8% Levered IRR 15.4% Levered IRR 29.3% Levered IRR
Market Rate Rental Housing 1,276,000 sq.ft. Affordable Rental Housing 142,000 sq.ft. Institutional 114,000 sq.ft. Market Rate Retail 180,000 sq.ft. Incubator Retail 24,000 sq.ft. Structured Parking 136,000 sq.ft.

1% 10% 6% 8%

7%

Bring together families, professionals, immigrants, and the retired with community facilities like a neighborhood center, middle school, and community college

7 8 9 10 11 48 12
27th Ave S

13. Restoration Hardware 14. Harmony Hair and Nail Salon 15. Longs Fine Dry Cleaning 16. Handpicked Jewelry and Accessories 17. Go Baby Maternity 18. Vietnamese Steamed Subs 19. Sony Style 20. FedEx Kinkos 21. Mee Sum Bakery 22. Blackbird Menswear 23. A1 Tailors and Alterations 24. Impulse Shoes and Accessories 25. Mimis Stationary and Gifts 26. Elm Tree Bistro 27. J. Crew 28. Grounds for Coffee 29. Rainier Deli 30. Puddles Umbrella Store 31. Treasure Chest Toy Store 32. Valley Health Foods 33. Banana Republic 34. Halo Curated Womens Boutique 35. Sunset Bar and Grill 36. Lantern Street Residences 37. Lantern Street Lofts

e Ch yS a st t

Lantern St

Phase 3 (2016 - 2017)

Traffic Calming on Rainier Ave Build out of TRANSITion Neighborhood Market Rate Rental Housing: 282,000 sq.ft. Affordable Rental Housing: 31,000 sq.ft. Market Rate Retail: 14,000 sq.ft.

TRANSITion Station: Elevation residences utilize Lowes rooftop parking [Section B]

TRANSITion Neighborhood
38. Bartell Drugs 39. Whole Foods 40. Rainier Garden Apartments 41. Rainier Mews 42. Cherry Blossom Town Homes 43. Circle Garden Apartments 44. Spectrum Lofts 45. Valley Cloister 46. Maple Tree Town Homes

Phase 4 (2017 - 2018)

Residential Infill, Middle School Build out of TRANSITion Community Market Rate Rental Housing: 206,000 sq.ft. Affordable Rental Housing: 23,000 sq.ft.

24th Ave S

25th Ave S

Land Use
68%
Residential Commercial Institutional Open Space Structured Parking

TRANSITion Community
S Winthrop St S Mt Baker Blvd

47. MLK Jr. Language Immersion Middle School 48. Seattle Community College 49. Lantern Street Community Center
Rainier Ave Divided Bike Lane On Street Parking Sidewalk Stormwater reducing Green Roof Elevation Lobby and Ground Floor Retail Rooftop Parking Elevation Residences Lowes Parking Elevator Residential Plaza Elevation Residences Speed Ramp Sidewalk MLK Jr Way

TRANSITion Neighborhood: Creates center for N. Rainier Urban Village, a larger light rail community

TRANSITion Neighborhood: Transit, bike lanes, and a pedestrian network anticipate a car-free community

TRANSITion Street: Streets comprise the primary open space, augmented by mews, trails, and gardens

TRANSITion Street: Lantern Street transforms from a daytime retail destination to a Night Market

TRANSITion Street: Lantern Street is a curbless private street designed for pedestrian-only activities [View B]

TRANSITion Community: Town Center meets needs of different populations separated by Rainier Avenue

Phase 5 (2018 - 2019)

Residential Infill Final Build out of TRANSITional Town Center Market Rate Rental Housing: 227,000 sq.ft. Affordable Rental Housing: 25,000 sq.ft. Institutional: 64,000 sq.ft.

East of Rainier: Mount Baker

TRANSITional Town Center: Small businesses front big box retail. Town homes buffer residential density [Section A]

McClellan St

Belltown Denny Triangle Retail Core West Edge International District Pioneer Square SoDo North Rainier Urban Village North Beacon Hill Urban Village Columbia City Urban Village Light Rail Line Elementary School Middle School High School Medical Center Community College

Lantern Street

West of Rainier: Beacon Hill

TRANSITion Community: New blocks and town home typology blend the development into existing fabric
Lantern St
McClellan Street

10 minute radius from Mt. Baker Station

Mews

Rainier Ave. Four lanes of traffic

Cheasty Street

Garden Home

MLK Jr Way

Whole Foods Grocery

Stormwater managing green roof

Lantern Street Residences

Ground Floor Retail

Retail Colonnade

Sidewalk

On Street Parking

Sidewalk On Street Parking Curbless Street with 2 travel lanes

Retail Colonnade

Lantern Street Lofts

Ground Floor Retail

Lantern Street Lofts

Lantern Court

Divided Bike Lane On Street Parking Sidewalk

Cherry Blossom Walk Up Town Homes

Cherry Blossom Green Street

Cherry Blossom Town Homes

Sidewalk On Street Parking Divided Bike Lane

Garden Home

Cherry Blossom Walk Up Town Homes

On Street Parking Sidewalk

Sidewalk On Street Parking

Cherry Blossom Town Homes

Gardens Green Street Lantern Street Neighborhood Street Green Roofs Team 2301

Lantern Street by Day

Retail Shopping + Strolling Sidewalk Dining Thru Traffic Incubator Retail

Lantern Street by Night

Weekly Farmers Market Cultural Celebrations Neighborhood Pride Events Local Entrepreneurship Fairs
Ra ini er e Av

Current Conditions

Proposed Intervention

Team 2301

Team 2301