CenturyPacific's extensive experience in real estate evaluation and development provides a solid base for assisting businesses and investors in fulfilling their real estate requirements. This experience, together with the business backgrounds of the CenturyPacific principals, gives them a rare perspective from both the user and real estate investor sides of the equation.
The hallmark of a successful site selection assignment is both the satisfaction of the clients needs together with a sensible real estate investment. CenturyPacific understands the interplay between these sometimes conflicting objectives.
Site Selection and Development services include:
Identification of Objectives
Representative Assignments:
Pre-development Coordination: CenturyPacific was retained by The Seattle Times as Project Director to manage all pre-development aspects of securing entitlements for a 1,500,000 square foot office and printing facility in downtown Seattle. The project involved $17,000,000 in land assemblage transactions, project and building design, landmarks preservation issues, street vacations, rezoning, neighborhood opposition and numerous other land-use issues. The process took four years and resulted in a fully-entitled project with a 10-year vesting period.
Campus Development: CenturyPacific acts as fee developer for Boxlight Corporation. Boxlight is a $150,000,000 technology company that is the world leader in LCD presentation equipment. Boxlight is developing a corporate campus on a 12 acre site in Poulsbo, Washington. CenturyPacific has responsibility for all aspects of development including site planning, entitlements, design and construction coordination. Eight buildings have been completed.
Satsop Development Park: CenturyPacific acts as a development advisor for Satsop Development Park, a former nuclear power plant. Assignments include assistance with development of a master plan, business plan and site restoration strategies. CenturyPacific is developing a 42,000 sf office building at the Satsop site for safeharbor.com.
Site Selection/Permitting: CenturyPacific was appointed by The Seattle Times to evaluate siting and development alternatives for the location and construction of a $150,000,000 printing and distribution facility. CenturyPacific negotiated the purchase of a 35-acre development site for a price in excess of $10,000,000. This facility is now in operation. CenturyPacific also completed selection and acquisition of a second site for an additional facility. CenturyPacific structured and negotiated the acquisition and assisted with the permitting process.
Site Assemblage: CenturyPacific was retained by the City of Seattle to manage the assemblage of the St. Marks Greenbelt in Seattle. The proposed Greenbelt is owned by eleven private, non-profit and educational entities. The assignment involved development of an acquisition strategy and follow-up negotiation with numerous parties.
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