Real Estate Data Modeling - Suitability Modeling

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Suitability ModelingRetirement Community

UW R E 497/597 - Data Modeling

Group 2AJ Lachini, Army Olsen, Drew Cunningham, Jackson Evans Img - https://grid.gograph.com/old-people-avatars-vector-art_gg89212804.jpg

Project Overview

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Senior + Student Retirement Community

● Criteria

● Variables

● Sensitivity

● Top Neighborhoods

● Top Sites

Criteria

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● Walkable communities

● Close to needs and amenities

● Proximity to healthcare

● Peaceful, quiet, safe

● Not isolated

○ ‘don’t stick me in a home’

● Give residents freedom

● Not completely unlike what everyone currently wants

○ Additional considerations

Variables

Scattershot Approach 1. Zoning 2. Available Parcels 3. Existing Retirement Communities 4. Medical Facilities 5. Environmental Hazards 6. Crime 7. Transit Stops 8. Cultural Amenities

9. Recreational Amenities 10. Parks

11. Restaurants & Shops 12. Grocery Stores

13. School Sites / Partner Institutions

14. Slope

15. Areas that are Walkable

16. Median Property Values

17. Expiring Affordable Housing Properties

18. Bonus: Where over 65+ Live

Gantt Chart of Variables Survival

Variables - Data Dictionary

Variable Overlays

As close to here as possible

Sensitivity Test

Hot Spots & Outliers

Sensitivity

Suitability Model

Final Suitability Model

Top Neighborhoods

Neighborhood Selection

Top Sites

Final Sites

Top Site

1. 212505-9012 & 212505-9183

2. 218250-0120

3. 152505-9270

4. 272505-9116

5. 794207-0000

6. 212406-9087

7. 212406-9114

8. 065900-0380

9. 066000-0835 (housing conversion)

10. 197670-0411(hotel conversion)

Site 1 - Site Downtown (AJ)

Score: 65

Location: 500 Olive Way, Seattle, WA 98101

Current Use: Bank

Size: .499 acres (21,457 sf)

Zoning: DOC2 500/300-550

Benefits: Transit Access, Walkability, Cultural Amenities, Flat, Underutilized Parcel

Partner College:Close to UW, SCCC, SU, & City U., & Antioch U.

Site 2 - Site in Bellevue (Army)

Location: 5503 140th AVE NE, Bellevue, WA 98004

Current Use: N/A

Size: 6.71 acres (292,222 sf)

Zoning: R1 (exception for senior housing 84 units)

Partner College:Bellevue College, Score: 68

Benefits: Near Golf Course & Green space, Low Crime, Vacant, Somewhat flat

Site 3 - Site in Issaquah (Jackson)

Score: 70.44

Location: 221st Pl SE, Issaquah, 98027

Current Use: N/A

Size: 7.46 acres (324,958 sf)

Zoning: MU (Mixed Use)

Benefits: Great Access to Greenspace, Flat, Close to Commercial Partner College:Bellevue College?

Top Sites Redux

Select by Location

Zoning

Vacant OR LCA < .25

Institutions

Site 1 - Woodinville

Location: 13500 NE 175th St

Current Use: Vacant

Size: 1.66 acres (72,140 sf)

Zoning: CBD

Benefits: Walkability, Close proximity to shopping, Flat, Underutilized Parcel

Partner College:Close to UW Bothel

Site 2 - East Bellevue / Larson Lake

Location: 1624 145th Pl SE, Bellevue 98007

Current Use: Vacant

Size: 5.67 acres (278,741 sf)

Zoning: R-1

Benefits: Adjacent to park & pond, walkable, close to shopping Center, Flat

Partner College:Bellevue College

Site 3 - West Seattle

Location: 4541-4543 42nd Ave SW, Seattle, 98116

Current Use: Parking

Size: .832 acres (36,243 sf)

Zoning: NC3-95

Benefits: Very walkable, Flat, Close to Neighborhood Amenities Future Light Rail close

Partner College:South Seattle College

Please call your grandparents! :-)

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