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9e - Development Plan for TC3FEDERAL WAY CITY COUNCI 15 NOVEMBE s &E-GULAR BUSINESS .� , r j�; F 0 z z11...i.�..�,��� L C-3 R S NEW&,. PON Policy Question: Should the City release a Request for Proposals (RFP) to solicit developer proposals for the City -owned TC-3 property? Project Goal & Process Goal: to develop a plan for TC-3 that was informed by conversations with the community and the economic realities of the development market in Federal Way Step 1 The City sent out a Request for Proposals in February to find a consultant to prepare a Master Development Plan for TC-3. Step 9- City hired VIA Architecture (Seattle) who partnered with Leland Consulting (Portland) to provide the market information and the expertise in development and land planning Steb ? City staff hosted a number of community engagement efforts to ensure the community's vision was represented Step 4, Share the preferred plan with the Council (LUTC 11/7 & Study Session 11/15) Step 5: Issue the Request for Proposals Town Center Parcels •or• �. _ 14tn 16 LM �. r r d' TC-1 PAEC tow i qW r � a a i i ���� mm i � M" Oki- M rq Preferred Alternative :tip _• •t.- p 1 133 Units Residential 5000 SF Retail 1 217 Units Residential 1 1 ; 7000 SF Retail I i ; 2 Levels of 1 Podium 365 Units Residential; -1 1 _ • • c� y' � 1 7000 SF Retail ParkingIr 1 �i�. - 1 1 - t, 1 1 1 + • W 7500 SF Retail ` 1--------------�it, 126 Unit 1 - 1---- .. �., Hotel 2 Levels of Underground 6000 SF 1, Parking Igo.. a Retail 133,000 SF Office 1 x rt � .. �fir• � .. .- _ - } . Preferred Alternative Hotel Residential Civic Pavilion and Retail / Active People's Plaza — Ground Floor i r 710,16 •i Office l j V It Lit M. 4V4' , T , Wall R *L A Preferred Alternative Civic Pavilion and People's Plaza low, -- -- 1. T Options Considered & Recommendation 1. Move forward with releasing a Request for Mayor's Recommendation Proposals for TC-3 2. Do not move forward with releasing a RFP and provide direction to staff. Questions....