Incentive Zoning Money Talks!. 2 Seattle wanted... Developers to design projects to achieve certain...
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Transcript of Incentive Zoning Money Talks!. 2 Seattle wanted... Developers to design projects to achieve certain...
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Seattle wanted . . .
• Developers to design projects to achieve certain public objectives – – Public open space– Mixed use development– Pleasing architecture– On-site day care– Interconnections with transportation system
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• So, if developers will accommodate public objectives, Seattle will give developers
• Additional development intensity, i.e.– More leasable floor area– In taller buildings
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Why do this?• Much cheaper to provide “incentives” for
private provision that to have public provision.
• With limited resources, public provision is probably not a realistic option.
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But . . .• Why should a developer have to “pay off”
the city in order to develop an office building that;– The market demands,– Is technologically sound, and– Is consistent with health, safety and welfare
as evidenced by the fact that the city will approve it?
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Seattle’s Washington Mutual Seattle’s Washington Mutual Tower, zoned for 27 stories Tower, zoned for 27 stories
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As of right27 stories
Affordable HousingContribution - add13 stories
TransitContribution - add1 story
Public Plaza –Add 2 storiesPublic Atrium –Add 1.5 stories
Public GardenTerraceAdd .5 stories
Day CareAdd 1 story
For sculptured top add 2 stories
Retail spaceadd 2 stories
For mechanicalspace 2 stories
Public escalatoradd 2.5 stories
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Incentives take the Incentives take the Washington Mutual TowerWashington Mutual TowerFrom 27 to 55 stories – From 27 to 55 stories – Seattle’s tallest buildingSeattle’s tallest building