Seattle Parks & Recreation seeks investors to develop Building 2 at Magnuson Park

On November 2nd, 2017 Seattle Parks and Recreation will publicize and Invitation for Investment for Building 2 at Magnuson Park. Building 2 is the largest former airplane hangar in Warren G. Magnuson Park. Seattle Parks and Recreation would like to meet with interested people and organizations willing to invest in Building 2 and explore options and possibilities for its development. All ideas are welcome.

SPR previously conducted a Request for Proposal (RFP) process and did not selected a successful proposal. Previously submitted proposals are encouraged to share renewed interest with Seattle Parks and Recreation concerning Building 2.

This is a unique, and exciting location; thus, the department is renewing its request to find a partner to revitalize and activate this space. Potential partners envisioning investment ideas that complement the Seattle Parks and Recreation mission will be invited to further explore ideas and plans with the Superintendent. If successful, the Superintendent will seek both a financial plan demonstrating the proposer’s ability to fund the project and a full proposal for proposed development.

There will be a rolling, open deadline with this process until SPR finds an investment proposal that meets all criteria. For a prospectus that outlines these criteria and demonstrates how Warren G. Magnuson Park is the ideal location for many development ideas, please visit this web site:

http://www.seattle.gov/parks/about-us/do-business-with-us/current-opportunities/magnuson-park-building-2

To contact SPR with your proposal or idea:

Cole Dietrich, Tenant Development Coordinator

(206) 684-4218, Building2@seattle.gov

For more information please contact Brian Judd, Magnuson Park manager, brian.judd@seattle.gov