Mariners Properties

For Phase II Atlantic Corridor Project

Two adjacent properties, one improved with a major league baseball stadium (Safeco Field) and 6-level parking garage, the other improved with parking, fencing and temporary structures. Appraised for proposed acquisition, which will include a fee taking and encumbrance with temporary construction easements for Phase II of the Atlantic Corridor Project, to improve connections between Interstates 5 and 90, Port of Seattle terminals, Washington State Ferries terminal, and the stadium area.

Seattle

Stadium District

18-acre site improved with stadium and parking garage
27,900 sf site improved with parking, fencing, and temporary structures

For WSDOT

Pier 48

Proposed Ferry Service Expansion Site

Pier owned by the Port of Seattle appraised for fee taking. The Washington State Department of Transportation plans to condemn the entire property for use in the expansion of the facilities for the Washington State Ferry System in and around the current Colman Dock ferry terminal.

Seattle

South CBD

29,061 sf (91,862 sf dry land,
204,199 sf submerged)
Dry land improved wiht paved parking,
submerged area improved with a
portion of Pier 48

Appraised prior to acquisition

Memorial Stadium

Stadium and Parking Lot

Property located within the Seattle Center campus, owned and operated by Seattle Public Schools as an athletic stadium and surface parking lot. Market Value of the Fee Simple Estate was estimated using Sale Comparisons, and the costs of demolishing the existing improvements were also considered in the final valuation, under a highest and best use scenario. This appraisal was performed to assist in decisions regarding a potential transaction.

Seattle

South Center

12,000 seat athletic stadium
constructed in 1946
Combined site area of 9 acres

For Seattle Public Schools and
City of Seattle