Non-profit & Institutional Client Case Studies
We hope you enjoy this overview of our clients in the Non-profit and Institutional sectors. Please contact us if you have any questions or would like more detailed information: David Rothrock, SIOR, CCIM Principal | david@mwaseattle.com | 206.816.1572 Douglas O. Barrett, CCIM, JD Principal | doug@mwaseattle.com | 206.816.1579 Matt Brennan, B.B.A. Associate | matt@mwaseattle.com | 206.459.0782
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Meriwether Advisors
ABOUT US
Meriwether Advisors is a trusted real estate advisor to Pacific Northwest companies and institutions. With decades of experience, our team has provided some of the region’s most noteworthy organizations with objective market analysis, strategic advice, and transaction execution for the lease, purchase or sale of corporate and institution real estate assets.
Meriwether advises leading Puget Sound institutions and non-profits on how to produce substantial revenue from valuable but underutilized real estate holdings. Transaction structures often allow the institution to retain ownership of their real estate through ground leases, condominium interests or joint ventures. Meriwether will always provide our clients with conflict free advice in their best interests.
Non-profit & Institutional Client Case Studies
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Non-profit & Institutional Client Case Studies Frye Art Museum..................................................05 St. James Cathedral...............................................11 Trinity Episcopal......................................................17 University Temple United Methodist Church................................23 University Christian Church..........................29 Plymouth Church..................................................35 Seattle University...................................................41 Sorrento Hotel..........................................................47 Lakeside School.....................................................53 Pacific Science Center......................................57 St. Marks Cathedral..............................................61 Christian Science Organization at the University of Washington................67
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THE FRYE ART MUSEUM Location: First Hill Seattle, Washington Transaction Type: $130,000,000 Multifamily development of 500 luxury apartment units $14.1M land sale
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Rendering courtesy of Perkins+Will Non-profit & Institutional Client Case Studies
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Rendering courtesy of Perkins+Will Non-profit & Institutional Client Case Studies
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ST. JAMES CATHEDRAL Location: First Hill Seattle, Washington Transaction Type: $150,000,000 Senior living development with 243 units 70 year ground lease transaction ($14.4M valuation)
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Renderings courtesy of Ankrom Moisan Architects Non-profit & Institutional Client Case Studies
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03 TRINITY EPISCOPAL Location: First Hill Seattle, Washington Transaction Type: $160,000,000 Estimated condo, office and retail development 226 luxury condo units in a 26 story condo development with office and retail components Price Undisclosed
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Non-profit & Institutional Client Case Studies
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Renderings courtesy of SCB
Non-profit & Institutional Client Case Studies
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Non-profit & Institutional Client Case Studies
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UNIVERSITY TEMPLE UNITED METHODIST CHURCH Location: University District Seattle, Washington Transaction Type: $130,000,000 Student housing development with office, retail and Church sanctuary 900 student housing beds, 30,000rsf sanctuary, 25,000rsf of office and 5,000rsf of retail Price Undisclosed
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Non-profit & Institutional Client Case Studies
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Drawings courtesy of GGLO Design
Non-profit & Institutional Client Case Studies
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Perspective looking Northwest from UW Campus
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UNIVERSITY CHRISTIAN CHURCH Location: University District Seattle, Washington Transaction Type: $125,000,000 Student Housing Development 171 residential units Land sale with demo permit in hand ($18.8M sale)
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Non-profit & Institutional Client Case Studies
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Conceptual Elevation Strategy - Alley (West)
Conceptual Landscape Design
Conceptual Elevation Strategy - 15th Ave (East)
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Renderings courtesy of Akrom Moisan Architects Non-profit & Institutional Client Case Studies
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Non-profit & Institutional Client Case Studies
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06 PLYMOUTH CHURCH Location: Downtown Seattle, Washington Transaction Type: $350,000,000 Projected office, multi-family and retail development Price Undisclosed
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Photo by Adam Wells
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Renderings courtesy of Touchstone
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07 SEATTLE UNIVERSITY Location: Capitol Hill Seattle, Washington Transaction Type: Consulting, strategic and financial analysis, acquisitions, leasing and ground leasing, subleasing 18 assignments ($45M assignments total)
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Photo by SKL Architects Non-profit & Institutional Client Case Studies
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Non-profit & Institutional Client Case Studies
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08 SORRENTO HOTEL Location: First Hill Seattle, Washington Transaction Type: Sale of Historic Hotel and 20-story Garage Development Site $21M fee simple sale of Hotel and Garage
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Photo by Adam Wells Non-profit & Institutional Client Case Studies
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Project Zoning Summary
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Drawings by GGLO
GROUND FLOOR PLAN
PARKING FLOOR PLAN (UNDERGROUND)
2ND LEVEL PLAN - HOTEL
3RD LEVEL PLAN - HOTEL
4TH LEVEL PLAN - HOTEL
5TH LEVEL PLAN - HOTEL
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Site Option A: Hotel + Residential Tower
IMAGE LOOKING EAST
IMAGE LOOKING NORTH
IMAGE LOOKING NORTH
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Drawings by GGLO
SECTION THROUGH E/W OF SITE
RESIDENTIAL USE HOTEL USE RETAIL USE GREEN SPACE
SECTION THROUGH N/S OF SITE
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09 LAKESIDE SCHOOL Location: Belltown Seattle, Washington Transaction Type: Long-term lease structure with options $5.25M leasehold
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Photos courtesy of Kirtley-Cole Associates
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PACIFIC SCIENCE CENTER Location: Belltown Seattle, Washington Transaction Type: Strategic Site Assessment for future sale
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Source: Google Maps
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ST. MARKS CATHEDRAL Location: Capitol Hill Seattle, Washington Transaction Type: Strategic Site Assessment for preferred development partner
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Photo by Benjamin Benschneider Non-profit & Institutional Client Case Studies
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ST
EE
PS
LO
PE
ST. NICHOLAS CONDOMINIUMS
EXISTING ENTRANCE
NEW TOWNHOUSES
ST. MARKS CATHEDRAL
NEW ENTRANCE
PE
P SLO
STEE
ST. MARKS HALL
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1"=50'-0"
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LEVEL 1 PLAN
PARKING PLAN
1 + DEN
1 + DEN
LOFT
LOFT
LOFT
929 sq ft
929 sq ft
929 sq ft
2264 sq ft
1956 sq ft
2520 sq ft
Drawings by Weinstein A+U
2 BED
23 1 BED 632.5 sq ft
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LOWER TERRACE
UPPER TERRACE
AMENITY
1 BED 584.5 sq ft
DROP OFF ZONE EXISTING BASEMENT
1 BED
15
606.5 sq ft
30 MAIN ENTRANCE
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2
3
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5
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8
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STUDIO
1 BED
468.5 sq ft
630.5 sq ft
1 BED
1 BED
618 sq ft
630.5 sq ft
TOWNHOUSE TOWNHOUSE TOWNHOUSE TOWNHOUSE TOWNHOUSE TOWNHOUSE TOWNHOUSE TOWNHOUSE
NEW GARAGE
1850 sq ft
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LEVEL 2 PLAN
1850 sq ft
1850 sq ft
1850 sq ft
1850 sq ft
1850 sq ft
1850 sq ft
1850 sq ft
N
TOWNHOUSE ENTRANCE TERRACE
LEVEL 3 PLA 1"=30'-0"
1"=30'-0"
ST. NICHOLAS: PARKING PLAN
ST. NICHOLAS: LEVEL 1 St. Marks Feasibility - #19047 - 01/20/2020
St. Marks Feasibility - #19047 - 01/20/2020
2 + DEN 1,859.5 sq ft
2 BED
1 + DEN
1 + DEN
929 sq ft
929 sq ft
929 sq ft
OPEN 1 BED
1 BED
884 sq ft
632.5 sq ft
STUDIO 472 sq ft
1 BED
STUDIO
584.5 sq ft
493 sq ft
STUDIO 311.5 sq ft
STUDIO 473 sq ft
OPEN 1 BED
1 BED
773.5 sq ft
LEVEL 2 PLAN
LEVEL 1 PLAN
606.5 sq ft
1 BED
STUDIO 468.5 sq ft
630.5 sq ft
1 BED
1 BED
618 sq ft
630.5 sq ft
TOWNHOUSE TOWNHOUSE TOWNHOUSE TOWNHOUSE TOWNHOUSE TOWNHOUSE TOWNHOUSE TOWNHOUSE
STUDIO
OPEN 1 BED
386.5 sq ft
513 sq ft
STUDIO
OPEN 1 BED
485.5 sq ft
496.5 sq ft
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N
1"=30'-0"
1"=30'-0"
ST. NICHOLAS: LEVEL 3
ST. NICHOLAS: LEVEL 2
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N St. Marks Feasibility - #19047 - 01/20/2020
WORK RM
RECEPTION
LUNCH RM
STOR
ST. MARKS HALL LEVEL 1
MECH
CONF
MAIN HALL
OFFICE OFFICE OFFICE OFFICE
CONF SERV
MECH
COATS
RECEPTION
KITCHEN
1"=30'-0"
1"=30'-0"
St. Marks Feasibility - #19047 - 01/20/2020
LEVEL 2
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CHRISTIAN SCIENCE ORGANIZATION AT THE UNIVERSITY OF WASHINGTON Location: University District Seattle, Washington Transaction Type: # of Units: 85 Price Undisclosed
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Source: Google Maps
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CHRISTIAN SCIENCE ORGANIZATION AT THE UNIVERSITY OF WASHINGTON Location: University District Seattle, Washington Transaction Type: # of Units: 85 Price Undisclosed
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Source: Google Maps
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Drawing by Weinstein A+U Non-profit & Institutional Client Case Studies
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We hope you enjoyed this overview of our clients in the Non-profit and Institutional sectors. Please contact us if you have any questions or would like more detailed information: David Rothrock, SIOR, CCIM Principal | david@mwaseattle.com | 206.816.1572 Douglas O. Barrett, CCIM, JD Principal | doug@mwaseattle.com | 206.816.1579 Matt Brennan, B.B.A. Associate | matt@mwaseattle.com | 206.459.0782
Genuine Relationships. Proven Results.
www.meriwetheradvisors.com
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Meriwether Advisors