Advise for Land I own

[Julie Nealey]

I own almost 3 acres of Mixed Use land in a great location, great traffic counts and in a more affluent suburb north of Seattle. It is a required 50/50split or 100% commercial? What would you build given the split? Would you subdivide? There is a 40' height restriction. Townhomes are fairly obvious, apartments, go all commercial? I think assisted living, senior living would be fantastic. Trying to figure out the best move forward, sell or develop, partner etc? Would love some ideas.

[Julie Nealey]

Quote from @Jay Hinrichs:

sounds like you have a ton of opportunity.. are you looking to build it out and hold it long term ?

or just get it sold ?

all those things you mentioned are nice projects.. I guess you start with what would be the easiest to get funded ( assuming your not going to build with cash)

Yes, there is a lot of opportunity here. I had a meeting with the Senior Planner this morning and they have agreed to provide an amendment to zoning to allow high density residential instead of the 50/50 split. This is obviously a very positive change, as the challenge to find a full mixed use developer for the 50/50 ratio was a challenge. This eliminates this altogether and the location and demographics of the area are fantastic for a full residential development with many doors and underground parking.