OUR APPROACH

Given the complexity and costs of a Living Green Building, and the issues associated with a developer inheriting a permitted project, our approach was to present a clear and concise development budget and construction schedule as well as the flexibility with JV structure parameters. While we reached out to a wide array of local, national and international developers, we focused on 8-10 groups who had experience either in the Ballard/Fremont/UDistrict office market or with Living Green Buildings.

Our whisper pricing was $11M and we received 6 offers. During the process, we were able to increase pricing by over 50% to $17.5M, which included having the buyer pay for all expenses that the developer had occurred to-date to obtain a permit.