Additional Factors in Project Feasibility

Companies, especially those in real estate development, have developed comprehensive due diligence/feasibility processes to determine if a project is a go or no-go.

But even the best due diligence/feasibility processes we’ve seen lack an understanding of the ‘political’ elements impacting a project, which often results in one of two scenarios:

1. The company passes on a project in response to a perceived regulatory roadblock, which if investigated further might be easily navigated, or

2. The company proceeds with a project only to run into an ‘unexpected’ political change that threatens the entitlements they seek (e.g. moratoriums, more stringent regulations, emergency ordinances, etc.).

We’ve got solutions and here’s how we help:

  • Political & Regulatory Risk Assessments – We specialize in understanding local and state regulatory systems and we excel at researching local regulatory trends, past project results, changing political winds (example: is the no-growth neighborhood group running candidates to flip the local council/board?).  We can help your company assess the political and regulatory risks prior to your investment.
  • Reverse Engineering of Regulatory Roadblocks – Have you ever passed on a project because you ran into a single regulatory limitation that didn’t fit the project (e.g. allowed % of lot coverage was too low for your home designs)? We help companies assess regulatory roadblocks and design strategies that can change the red flag your seeing into a green light.
  • Maximizing the Project’s Value – What if you could get a little more density?  Shorten your approval by a few weeks?  Or reduce some of your project’s conditions?  We can help with that.  We understand the politics of negotiation, as well as the opportunities to speed up local regulatory processes, and we can assist you in maximizing your next project’s value.
  • Proactive Project Mine-Clearing – Developing relationships, seeking code interpretations, securing code amendments – are all efforts we can manage on your behalf prior to your next project moving forward.
  • Community Outreach – There’s nothing worse than thinking everything is going great only to go to hearing and have dozens of neighbors show up in opposition.  We are experienced at communicating with neighborhoods and adjacent landowners, and we can help your company manage long-term project risk by utilizing the opportunity to address concerns early in the process.

Want to learn more about how we can help your projects?  Contact us.

What’s a Docket & Why Should You Care?

The annual comprehensive plan amendment cycle (a/k/a the “DOCKET”) in Washington’s cities and counties is the primary opportunity for real estate investors, developers and small businesses to better their return on investment by changing the applicable future land use designation and/or zoning on their property.

RELY ON OUR EXPERTISE.

Toyer Strategic can evaluate the options, as well as prepare, submit and manage a Docket proposal through every step of the process.

AND DON’T LET TIME RUN OUT.

Missing an application deadline can cost you at least a year of time. For example. . .

  • Renton accepts applications between August 1 and October 15th
  • Snohomish County accepts applications until the last business day in October
  • Lacey accepts applications through the first business day in January

Contact us to discuss your project

What Do You See?

Looking at this picture, what do you see?

You may see a typical suburb.  Or a small town in flyover country.  Both answers would be correct!

However, when we look at the picture we see:

  1. The commuting patterns that are impacted by zoning decisions
  2. The small business that is trying to get a building permit to expand
  3. The school board that is wrestling with rising student populations and the need to adjust enrollment boundaries
  4. The developer that’s facing an angry neighborhood because her project is locating where the city’s decades old comprehensive plan says it should be built
  5. The need for a balance between housing and jobs, as well as housing diversity and affordability
  6. A city that is struggling with the cost of services and the need to grow and diversify it’s economy
  7. The importance of primary sector jobs, as well as sales tax generating commercial/retail business

Why do we see all that?

We’re experts at understanding the importance of economic development and the complexity of land use.

That’s why we’re able to help the public and private sectors solve their challenges and capitalize on their opportunities.

Learn more 

Another Example of How We Add Value to Projects

Whether you are a community, economic development organization, real estate developer or expanding business, our land use and economic development expertise can add significant value to your projects.  Here’s an example of value we’re adding to a project by changing the land use and zoning.

On a 6-1 vote Wednesday night, the Auburn Planning Commission recommended the City Council approve a comprehensive plan map amendment and rezone for 1.89 acres that our firm has been pushing through the City’s annual docket cycle on behalf of a client.  If approved by the City Council, the resulting zoning would increase the density of the site by as many as 29 additional housing units.

This project is a perfect example of how our company can help land owners and developers add value to their properties and projects,” said David Toyer, founder of Toyer Strategic Consulting.  “With land supply inside urban growth areas becoming more constrained, our experience changing zoning and permitted uses can add significant benefits clients looking to achieve a higher and better use.”

In another example earlier this year Toyer Strategic successfully amended the matrix of permitted uses in the City of Pacific, Washington to allow a client to move forward an industrial warehousing in an office park zone – a obvious win for the project developer, but also a key win for a city which hadn’t seen much new development in that zone.

Rhodora Annexation Hits 60% Milestone

On July 19th, the Lake Stevens City Council approved Resolution 2018-018, accepting the 60% petition for a 103-acre annexation known as the Rhodora Annexation.  The approval sends the annexation forward to the State Boundary Review Board for a mandatory 45 day review.  If during the 45 day review period no jurisdictions request the board invoke their jurisdiction, the annexation will return to the City for final consideration.

Toyer Strategic has been assisting the petitioners through the entire annexation process, which began last September.  For more information on the Rhodora Annexation.