HomeMy WebLinkAboutPavilion Market
Pavilion RFP
Update
August 19, 2019
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Pavilion
Background - Site
City-owned property updated in 2004
14,770 square foot event center space
Located in the heart of the Downtown Core
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Background - COW
COW met to discuss a Pavilion Market Concept on April 15th, 2019
Points of Discussion:
History of the site
Original Building
2M Rehab
Uses on the site
Incorporation of the Big 5 site and Transit Area
COW requested staff gather additional information for a future COW discussion
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Pavilion
Background - COW
Staff provided a Downtown Update on June 10th, 2019
Points of Discussion:
Downtown Projects
Public Art
Pavilion RFP
Updated COW on submittals
Notified COW we would return once the Selection Committee made their recommendation
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Pavilion
RFP Review Process
RFP issued May 1st, 2019
To renovate and provide full service management
The RFP was closed on May 31, 2019 and received two proposals.
The Logan Market
Pavilion 2.0
Selection Committee:
Facilities Staff
Economic Development Staff
The Farmers Market Staff
Evaluation
Based upon responsiveness to the City’s stated objectives; the qualifications and capacity of team members; and the proposed concept.
Selection Committee Meetings
Kickoff Meeting – June 10, 2019
Scoring Meeting – June 21, 2019
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City Objectives
High quality mixed-use development that enhances the character and economic viability of the City
Achieve substantial financial benefit to the City of Renton; both in the short term, through compensation received from a lease of the site, and longer term, whether through various
tax revenues or community-building opportunities
Develop positive working relationships with existing organizations and businesses within the downtown core
Qualifications and experience of the developer and their team
Financial ability to complete the project in a timely manner
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Summary
of Process
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Both respondents delivered very high quality and thoughtful proposals for a development that would intensify and energize this important location.
Both clearly demonstrated the capacity to carry out the redevelopment.
The two proposals offer a vision of a permanent market space, coupled with some level of quality amenities to enhance the overall experience.
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Summary
of Process
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The proposals primarily differ in their approach to utilizing the site
Logan Market
Pavilion 2.0
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The Logan Market Proposal
Submitted May 31, 2019
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Pavilion
Logan Market Team
Team:
Dave Brethauer – Developer, Entrepreneur
Owner of Cortona Building
Experience in Retail, Art Curriculum and Commercial Development
Keli Sim – Creative Director
Cook, Artist, Teacher, Tour Guide and Entrepreneur
18 years of retail experience
Claudine Rode – Tenant Relations
20 years experience in the food and hospitality industry
Previous 4 years spent working in airport restaurant development
David Tilton – Business Development, Entrepreneur
Born and raised in Renton
Entrepreneur, Consultant, Business Development, Program Management and Small Business Owner
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LM - Market Layout
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LM - Event Layout
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LM – Culinary Arts Classroom
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LM – Creative Learning
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Logan Market Terms
Terms:
25-year lease with options to renew in 5-year increments
5-years of $1 annual lease terms followed by rate of $10 per square foot per year
Master Lease Authority to enter into and negotiate sub-leases
City’s continued maintenance of the exterior (less tenant seating areas) and piazza
Commitment to coordinate and host public City sponsored events
Free event rental for internal City needs such as seminars or committee meetings and/or community events
First-right-of-refusal on purchase of the building and/or land including the Transit street and vacant gravel lot
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Logan Market Concept
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The Pavilion 2.0 Proposal
Submitted May 31, 2019
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Pavilion 2.0 Team
Team:
Kenneth Rogers
Owner of Rain City Catering
Years of experience operating the current Pavilion
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Pavilion
2.0 - Market Layout
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2.0 - Event Layout
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2.0 – Arts, Music & Food Layout
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2.0 – Pop-up Business
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Pavilion 2.0 Terms
Terms:
15 to 20 year lease
Revenue share percentage with the City
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Pavilion 2.0 Concept
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Review Committee Summary
Both concepts address city objectives with a mixed use plan that brings a variety of different uses to the site and creates a more urban center feel.
The Logan Market proposal included a more extensive redevelopment of the site and a higher mix of uses.
The Pavilion 2.0 proposal included a larger event space and open public restrooms.
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Selection Criteria
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Review Committee Conclusions
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The Review Committee was impressed with caliber of both teams and proposals and believe either would bring greater activity and energize downtown
Both development teams have a demonstrated track record and capacity to deliver
The Pavilion 2.0 proposal shows an evolution of the existing event space that would be a valuable asset to Downtown Renton.
The Logan Market Team proposed a more diverse array of uses that would serve to activate the site and create a sense of place and destination.
The Review Committee ultimate determined that the Logan Market Concept better fit the desired result per the Downtown Civic Core Plan
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Conclusions
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Questions?
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