Agenda Packet 04-23-18 Work Session

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!44!#(-%.4 & # ²¤ 3³´£¨¤²Ȁ ,¤ ±¨¦ ¥±®¬ /³§¤± #®¬¬´¨³¨¤² The following case studies provide a brief overview of similar approaches to the disposition of historic buildings. S¯®ª ¤ 3³¤ ¬ 0« ³Ǿ 3¯®ª ¤Ǿ 7! The Steam Plant in Spokane, Washington was built in 1916 and operated for nearly 70 years to provide steam heat throughout downtown Spokane. The building was shut down in 1986 when more economical means of heat were developed. In 1996, Washington Water Power (WWP) formed Steam Plant Square, LLC, which assembled a visionary team to create a future for this building. Spokane-based Wells and Company was approached by WWPs venture capital team (later to branch out as Avista) to redevelop this building into a community asset alive with people and commerce. This redevelopment would be known as Steam Plant Square. The project was successful due to tax credits, an innovative partnership, and buy-in from the Citys historic preservation department. The team made the decision to preserve as much of the original machinery as possible and complete the work within the rigid guidelines of historic renovation. The Steam Plant in addition to two additional structures (the Seehorn Lane Figure 1: The Spokane Steam Plant and Courtyard buildings) now offers over 80,000 square feet of building prior to being developed. office, retail, and dining with space for nearly 50 tenants. The four massive steam boilers have been converted into restaurant seating and a waterfall/wishing well. The 1,200-ton coal bunker has become high-tech office space suspended from the ceiling. One of the stacks is a visitor attraction, while the other stack houses a conference room in one of the office spaces. In 2001, Steam Plant Square received the National Preservation Honor Award, and is now listed on the National, Washington, and Spokane Registers of Historic Places. G¤±¬ ³®¶ 97#!Ǿ 0§¨« £¤«¯§¨ Ǿ 0¤²¸«µ ¨ In 2016, the Philadelphia Redevelopment Authority (PRA) selected a developer to revitalize the Germantown YWCA building. The developer, KBK Enterprises, has plans for an adaptive-reuse project to convert the YWCA into 24 apartments, half of which will be affordable and half market-rate. Commercial and office space will occupy the first floor. PRA issued an RFP in July 2015 where the criteria focused on how the proposed use would align with the Germantown community, the developers track record, and the economic Figure 2: The Germantown YWCA building prior to being developed. opportunity that the project would provide. The project is expected to be completed in summer 2019.