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HomeMy WebLinkAboutCommittee of the Whole - 23 Oct 2023 - Agenda - PdfCITY OF RENTON AGENDA - Committee of the Whole Meeting 5:45 PM - Monday, October 23, 2023 7th Floor Council Chambers/Videoconference 1.ECONOMIC DEVELOPMENT UPDATE a)Presentation If you would like to attend this week's meeting remotely, you can do so by going to https://us02web.zoom.us/j/86753290028?pwd=M2pOc09HWWNrY05uVnlIWnpGS1E4UT09 Zoom Meeting ID: 867 5329 0028, Passcode: 881839 You can call through Zoom at (253) 215-8782 and use the Meeting ID. Economic Development Update 2023 Gina Estep, Economic Development Director Matt Herrera, Acting Planning Director AGENDA ITEM #1. a) Agenda •Economic Development Team •Economic Development Action Plan •Small and Independent Businesses •Medium and Large Businesses •Economic Centers •Communications & Promotions •Project Updates 2AGENDA ITEM #1. a) The Team Gina Estep Economic Development Director Amanda Free Economic Development Assistant Director John Collum Redevelopment Manager Jessie Kotarski Economic Development Manager Fatoumata Traore Economic Development Specialist Aaron Raymond GIS Analyst III / Demographics Stephanie Rary Property Services Specialist Stacy Tucker Planning Technician Lynne Hiemer Administrative Secretary 3AGENDA ITEM #1. a) Team Vision & Action Plan Vision Economic Development drives opportunities for economic growth, vitality, job creation, and improved quality of life for Renton’s residents, workforce, and business community. 4AGENDA ITEM #1. a) Small and Independent Businesses Action Plan 5AGENDA ITEM #1. a) Small and Independent Businesses Goals •Support existing small and independent business needs. •Create startup and entrepreneurial opportunities. •Actively recruit small independent businesses. •Increase Renton’s small & independent economic vitality (as measured by data), such as: increased retail sales, number of jobs, annual increased overall assessed valuation and/or vacancy rates. 6AGENDA ITEM #1. a) Small and Independent Businesses Accomplishments & Ongoing Efforts •Identified Barriers and Implemented Solutions. •Established Small Business Liaison. •Developed Comprehensive Business Resource List. •Fostering Key Partnerships (Chamber, Renton Downtown Partnership,etc). •Partnership in the Entrepreneur Workshop & Pitch Competition. •Initiated Small Business Opportunities events like the Food Truck Festival and communication contract with Pyramid to boost local business visibility. •Partnering with Port of Seattle, OneEastside, and Startup425 to support and attract business. •Identifying measurable data indicators - Placer.ai contact. 7AGENDA ITEM #1. a) Medium and Large Businesses Action Plan 8AGENDA ITEM #1. a) Medium and Large Businesses Goals •Identify Renton's needs,opportunities,and ED tools. •Actively recruit businesses and employers that address needs and strengthen opportunities. •Identify Renton's desired industry “clusters” and their needs. •Track efforts and success with measurable data (assessed AV, job growth,etc.). 9AGENDA ITEM #1. a) Medium and Large Businesses Accomplishments & Ongoing Efforts •Identify, understand and promote opportunity sites. •Created a "site identification team". •Meetings with desired developers,investors, and empl oyers to understand needs and challenges to find solutions. •Focus efforts on desired industry cluster sectors for growth. 10AGENDA ITEM #1. a) Economic Centers Action Plan 11AGENDA ITEM #1. a) Economic Centers Goals Collaborate with city departments and partners to implement the Civic Core Vision and Action Plan; partnering with bold identity forming investors.Downtown Recruit and enable revitalization and development that provides neighborhood- friendly services and solid employers.Sunset/Highlands Building upon the diversity of Renton to enable and attract future investment that strengthens the Benson Hill neighborhood.Benson Hill Work with Sound Transit to develop a desirable transit center, strengthening the gateway to our opportunity-rich city.Rainer/Grady Support Unico/Sounders to recruit top-tier developers and investors that will elevate Renton as a destination for employment, sporting, and music venues (aka experiential tourism).Longacres/Valley Support current investors in their needs for viable tenants and explore redevelopment opportunities that would create a sense of community through residential and complementary commercial; activate the waterfront. North City 12AGENDA ITEM #1. a) Downtown Accomplishments & Ongoing Efforts •Black River Cultural Arts Center – Downtown Parking Garage. •Partnering with others for creative business opportunities associated with downtown events and activities. •Infrastructure improvements -Williams Ave. S. (200 block)and Burnett Ave. S. (400 block) streetscape projects, fire hydrants, blank wall murals. •Creating a clean safe downtown – Family Fresh enhanced cleaning service, dedicated police and security team, activation of parking garage storefronts. •Obtained grant funds – $1.5M Pavilion and $1.485M for the public square. •Driving progress -Pavilion Market & Food Hall,The Renton Connector, Downtown Wayfinding, Civic Core Heart Block & Arts and Culture Master Plan. •Civic Core Open House held June 2023 (275 attendees). 13AGENDA ITEM #1. a) Sunset/Highlands, Benson Hill & North City Accomplishments & Ongoing Efforts •Needs Assessment - meetings with key businesses and stakeholders •Identify opportunities sites and priorities •Identify needed partnerships and financial needs to achieve goals 14AGENDA ITEM #1. a) Rainier/Grady & LongAcres/Valley Accomplishments & Ongoing Efforts •Building partnerships with key businesses and stakeholders (Unico, Sounders,Blue Origin,Dicks, Sound Transit, Costco). •Reviewing opportunities for future focus and funding (TIF). •Needs assessment with Aerospace industry - Air & Space 2030 Strategy partnership. •Working with Sound Transit and King County Metro on South Renton Transit Center layout and design. 15AGENDA ITEM #1. a) Communication and Promotion Action Plan 20XX 16AGENDA ITEM #1. a) Communication and Promotion Accomplishments & Ongoing Efforts •Contracted with Pyramid Communications: •Communications Audit & Assessment •Audience Research •Rebranding – Brand development, elevating our image •Comprehensive Communications Plan •Continued partnerships with LTAC (Lodging Tax Advisory Committee), RCMC (Renton Community Marketing Campaign), Port of Seattle and Eastside organizations. •Marketing and Promotion on going – Focus on social media, tourism, business, and promotion needs to best tell our story. 17AGENDA ITEM #1. a) Pipeline and Underway Projects AGENDA ITEM #1. a) Pipeline Camellia Court 20XX 19 •17,250 sf site on 99 – 107 Williams Ave. S.; •72 units: •56 studio units, •14 two-bedroom units, •2 three-bedroom units; •72 stalls of on-site structured parking; •On-site amenities include a fitness center, hospitality center, internet lounge and outside common space; •Construction proposed to begin in the summer of 2024.AGENDA ITEM #1. a) Pipeline Unico •Located in the Valley, south of I-405, along the east and west sides of Oakesdale Ave. SW.; •Mixed Use Development including approximately: •3,000 residential dwelling units, •160,000 sf of retail, •2,200,000 sf of employment uses, •70,500 sf hotel, •22,000 sf music venue, •520,000 sf TBD, •500,000 sf for Seattle Sounders FC. 20XX 20AGENDA ITEM #1. a) Pipeline Logan Six 20XX 21 •1.09-acre site at 340 Logan Ave. N. across from Renton Memorial stadium. •6-story Mixed Use Development on previously vacant site; •100 market rate units, •6,300 sq ft of ground floor commercial space, •Structured parking for residents, •Rooftop amenities for residents. •Construction expected to begin in spring of 2024.AGENDA ITEM #1. a) Pipeline Baywest •11.5-acre site located at 800 Garden Ave. N., (former Fry's Electronics store). •Mixed Use Development: •3 buildings (7 to 8 stories), •3 phases (P1-2024,P2-2029, and P3-2034), •1,179 residential units, •48,761 sf of retail, •1,613 parking stalls, 20XX 22AGENDA ITEM #1. a) Pipeline Livaway Hotel •1.67-acre site located east of Topgolf,southwest corner of Park Ave. N. and N. 8th St. •1 of 3 phases of the Topgolf development: •126 guest room hotel, •4-story building, •59,711 sf, •106 on-site parking stalls (494 total parking spaces for all 3 phases). 20XX 23AGENDA ITEM #1. a) Pipeline Kennydale Gateway 20XX 24 •7.76-acre site located at 4350 Lake Washington Blvd. N.(Former Pan Abode site). •Mixed Use Development: •3, 4 -story buildings, •3 phases expected completion in 2025, •385 residential units, •1,500 sf of retail, •Minimum of 389 parking stalls.AGENDA ITEM #1. a) Pipeline Towns on 12th 20XX 25 •6.55-acre site near intersection of NE. Sunset Blvd. and Union Ave. NE. •90 fee-simple townhomes. •Project characteristics: •New pedestrian safety improvements along NE Sunset Blvd; •Pedestrian connection of NE. Sunset Blvd; •Protection of on-site wetlands buffer; •Retention of native trees; •Significant common open space. •Construction expected to begin in spring 2024.AGENDA ITEM #1. a) Underway Solera 20XX 26 •275 affordable housing units. •315 market rate units. •38,000 square feet of retail. •Nearly 1,100 structured parking spaces. •96 fee-simple townhomes. •New streets and infrastructure. •Completion anticipated for the affordable buildings in the 3rd quarter of 2024. •Completion anticipated for the market rate buildings in the 1st quarter of 2025.AGENDA ITEM #1. a) Underway Sunset Terrace 20XX 27 •108 market rate units. •First market rate project in Sunset Master Plan. •Two ground floor retail spaces: •One retail space currently undergoing tenant improvements. •Shared structured parking with Highlands library.AGENDA ITEM #1. a) Underway Sunset Gardens 20XX 28 •Renton Housing Authority (RHA)affordable housing project. •Located in Sunset Highlands area. •76 affordable housing units. •13,000 sf of ground floor office space for RHA. •Residential amenities include on-site services, second floor outdoor terrace, and EV chargers. •Expected completion in spring of 2024.AGENDA ITEM #1. a) Underway Watershed •Located across from City Hall at corner of S. Grady Way and Williams Ave. S. •145 affordable housing units at 60% AMI. •Mix of 1-, 2 -, and 3-bedroom units. •Public pedestrian plaza for future connection between S Grady Way and Burnett Linear Park. •Expected completion in the first half of 2024. 20XX 29AGENDA ITEM #1. a) Underway Sounders •Located at 1901 Oakesdale Ave.SW. •Reuse of existing 5-story office building. •Outdoor recreation facilities including 4 full-size soccer fields and a Goal Keepers Field. •Estimated completion in the summer of 2024. 20XX 30AGENDA ITEM #1. a) Underway UW Medical Testing 20XX 31 •University of Washington (UW) to operate medical testing facilities at 1601 Lind Ave. SW. (formerly FAA offices). •All 5 floors to be occupied by UW. •Facility to include testing labs, support offices, test storage, and employee amenities. •Lab expected to employ approximately 700 staff members. •Expected to begin operation in the spring of 2024.AGENDA ITEM #1. a) Looking Forward - It's all about PARTNERSHIPS •Build a robust team: •Public/Private Partnerships, •Interdepartmental Partnerships, •Local/Community based groups, •Regional players. 32AGENDA ITEM #1. a) Thank you. Gina Estep Economic Development Director gestep@rentonwa.gov Matt Herrera Acting Planning Director mherrera@rentonwa.gov 33AGENDA ITEM #1. a)