Solara Mixed Use Project
Seattle, WA
Project Description
Determine viability of acquiring and demolishing an existing mobile home park and establish highest and best use of the property.
Project Responsibilities
- Prepared feasibility study
- Conducted market research
- Created financial models to recommend product and viable alternatives by determining projected return on investment (ROI), profit margins and internal rates of return (IRR)
- Managed the preliminary architectural design of the project
Project Results
- Identified highest and best use as a six-story mixed use project consisting of 238 apartments on top 5 floors and retail at street level
- Demonstrated the proposed mixed use project would fulfill an unmet demand
- Project design was well received by community and jurisdiction creating a much needed revitalization project in the Lake City neighborhood
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