6 - Downtown UpdateDowntown Update part 1
3 February 2024
City Council
Retreat
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2023 Accomplishments
Implemented
Recommendations from
Heartland — changes to
our zoning code '
Building Consensus for a
Downtown Vision
• What should Downtown mean for the community
• Community Engagement
Where is Downtown?
What's your dream for Downtown?
Top 3 themes
1. Walkability
2. Vibrancy
3. Engaging Storefronts
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New
Standards for
Downtown
Appropriate
Inappropriate
9
Architectural Guidelines
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Density
This
Not This
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as viewed from 3 vantage points: the
plaza adjacent to the southeast corner of
the Federal Way Performing Arts and
Event Center (Latitude 47.318960,
Longitude-122.30728); between the
benches on the south side of the Federal
Way Performing Arts and Event Center
(Latitude 47.31890, Longitude -
122.30755); and the center of the plaza
east of the Federal Way Performing Arts
and Event Center (Latitude 47.31910,
Longitude-122.30618); all at a height of
five feet above the finished surface.
Demolition of Target
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southeast �
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PAEC
31
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= Sound Transit Parking Garage- -
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TC-3 DA
Examples: Ownership opportunities
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Ground Level Townhouses
Corner of 23rd Ave. S. & S. 314th
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Ground Level Townhouses
Corner of 23rd Ave. S. & S. 314 th
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Item
Cost
Unit Multiplier
Total Value
Property acquisition
$10,000,000
1
$1050001,000
Civic Plaza Design
$3.5M construction
10% A&E Fees
$3501)000
estimated
Public Art
$500k
NIA -- one-time cost
$500,000
Street
$200k (includes
NIA — one-time cost
$2001,000
Furniture/Lighting
design and
implementation)
Enhanced Road A
$10-$151sq. foot.
48,000 sq. ft.
$480,000
Design
Elevator
$87,5001categoiy
2 cost categories
$1751)000
(construction and
maintenance, equal
val.)
Stalls Leased (PAEC)
$6001stalllyear
124 stalls, 9 years
$669,600
Phase I
Stalls Leased (PAEC)
$9001stalllyear
96 stalls, 10 years
$864,000
NE Lot
Total:
$13,238.600
... to be continued
Questions