BUILDING A FOUNDATION OF COOPERATION

City of Des Moines

THE SITUATION

 

The City of Des Moines requested guidance in their talks with the Port of Seattle on the development of the 90-acre Des Moines Creek Business Park (DMCBP), one of the most significant projects the city had undertaken. There had also been tension between the two parties for the past decade over the proposed third runway at SeaTac International Airport.

 

WHAT WE DID

 

Trinity partner Rob Larsen lead the team serving as the city’s real estate advisor for the DMCBP. By facilitating meetings and conversations between the city and the Port of Seattle both sides were able to see the “bigger picture”.

 

THE OUTCOME

 

The City of Des Moines and the Port of Seattle were able to agree upon collaborative goals and a plan document for the Des Moines Creek Business Park. Both parties put the foundational pieces in place for the development, working together to achieve the common goal of revitalizing the DMCBP in an economically and environmentally viable way. Through a joint developer selection process Panatonni Developement was selected to create the industrial and office park. The city retained our firm to continue the work on DMCBP, and expanded our role to other development-related projects throughout the city.

 

SERVICES WE PROVIDED:

 

  • Investment strategy and implementation
  • Portfolio evaluation and development
  • Asset redevelopment services
  • Asset management services
  • Acquisition and disposition services
  • Institutional-quality reporting
  • Project delivery mapping