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SCOTTON LANDING
Battle Ground, WA
Scotton Landing is a 21-acre mixed-use project that will total 400,000 square feet of commercial, retail and multi-family space. The project is approximately 75% developed with all entitlements and infrastructure completed. Principal Properties is the developer and asset manager.
As the developer, asset manager, and one of the equity partners, Principal Properties has been involved in the project since inception. The project had significant obstacles to development, including no commercial or signalized access; no infrastructure or utilities; severe topography challenges as well as major wetland and environmental constraints. Through a collaborative effort with various local, state, and federal agencies, Principal Properties assembled the development team that was able to successfully solve these problems and site constraints. The first phase of Scotton Landing broke ground in 2015 with the Alder Pointe Apartments, a 180-unit multi-family project. Alder Pointe was completed in April 2017 as well as all grading and infrastructure improvements for the remainder of the project. The first commercial lot was sold in June of 2017 and Principal Properties negotiated the sale on behalf of the seller. By the end of 2019, over 120,000 square feet of commercial space will have been constructed. Principal Properties’ duties include:
• Property acquisitions
• Feasibility analysis
• Site planning and project design
• Working with local, state, and federal agencies to mitigate all on-site wetlands
• Secured funding to construct Scotton Way, which provided signalized access to the site
• Utility and infrastructure design and construction
• Obtaining all permits and entitlements
• Financial analysis and capital budgeting
• Securing all equity and debt funding
• Construction management
• Asset management
For more information about available lease or sale opportunities, please contact T.J. Fontenette: (360) 834-1060, tj@principal-llc.com