6a supp
Item Number: __6a___Supp Date of Meeting: August 4, 2015 Airport Dining & Retail Opportunities Authorization Request August 4, 2015 Airport Dining & Retail Outreach Update Redevelopment Update Competitive Process Description Evaluation Criteria Lease Opportunities (Group #2) New slate of competitive opportunities is ready for the marketplace 2 Outreach Update Airport and community events Host events drew 175 participants combined Advertising and promotions Dozen daily and ethnic publications/websites Growing database of potential businesses Nearly 500 representatives, doubled since Jan. www.lease.seatacshops.com Multi-front effort is reaching the community with information 3 Multi-front effort is reaching the community with information 4 Redevelopment Update 90% design on infrastructure, contractor selection nearly complete Units in design for new concept or renovation First new units scheduled to be open December/January: Arrivals Hall 'Starbucks Evenings' COACH M.A.C cosmetics Port teams making steady progress on approved work 5 Competitive Process Overview Proposed leasing opportunities will use: Simplified process for 1-3 unit opportunities Tailored to capabilities of small business Consultant/Port criteria evaluations Outcome by scoring of uniform criteria Competitive process is accountable to reflect Commission values 6 Competitive Evaluation Commission Authorization Review Report Outcomes Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Oral Interviews Confirmation Selection Summary AWARD Conclude Lease Negotiation Commission Review AWARD Competitive Evaluation Commission Authorization Review Report Outcomes Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Oral Interviews Confirmation Selection Summary AWARD Conclude Lease Negotiation Commission Review Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Confirmation AWARD Competitive Evaluation Commission Authorization Review Report Outcomes Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Oral Interviews Confirmation Selection Summary AWARD Conclude Lease Negotiation Commission Review Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Confirmation AWARD Competitive Evaluation Commission Authorization Review Report Outcomes Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Oral Interviews Confirmation Selection Summary AWARD Conclude Lease Negotiation Commission Review Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Confirmation AWARD Competitive Evaluation Commission Authorization Review Report Outcomes Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Oral Interviews Confirmation Selection Summary AWARD Conclude Lease Negotiation Commission Review Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Confirmation AWARD Competitive Evaluation Commission Authorization Review Report Outcomes Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Oral Interviews Confirmation Selection Summary AWARD Conclude Lease Negotiation Commission Review Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Confirmation AWARD Competitive Evaluation Commission Authorization Review Report Outcomes Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Oral Interviews Confirmation Selection Summary AWARD Conclude Lease Negotiation Commission Review Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Confirmation AWARD Competitive Evaluation Commission Authorization Review Report Outcomes Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Oral Interviews Confirmation Selection Summary AWARD Conclude Lease Negotiation Commission Review Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Confirmation AWARD Evaluation Criteria Company Experience, Financial Capability: 20 points (13%) Concept Development: 25 points (17%) Unit Design, Materials and Capital Investment: 20 points (13%) Financial Projections and Rent Proposal: 25 points (17%) Operations and Maintenance: 25 points (17%) Management, Staffing and Workforce Training: 20 points (13%) Job Quality, Employment and Service Continuity: 15 points (10%) 150 points Established criteria evaluated to balance values important to the Port 15 Lease Group #2 1. Food Service/Quick Service (1 unit) 2. Food Service/Coffee (1 kiosk unit) 3. Passenger Service - Massage (2 units) 4. Passenger Service - Manicure (2 units) 5. Small Specialty Retail (1 unit) 6. Specialty Retail (2 units) 7. North Anchor Retail (1 unit) 8. South Anchor Retail (1 unit) Two food service, two personal service and four specialty retail opportunities 16 Food Service Single Unit #2 Lease Terms Length of Lease: 10 years Rent to be competitively proposed as either flat Post-security or tiered rent structure Minimum Capital Investment: $500 per sq. ft. Central Terminal 2,675 sq. ft. CT-12 Two units become one, entrance changed to face post-security 17 Food Service Single Unit #8 Lease Terms Length of Lease: 8 years Central Terminal Rent to be competitively proposed as either flat Atrium or tiered rent structure Minimum Capital Investment: $500 per sq. ft. 550 sq. ft. CT-3 Gourmet coffee service in larger kiosk location 18 Personal Service Small Package #5 Lease Terms Length of Lease: 8 years Rent to be competitively proposed as either flat Concourse A or tiered rent structure Minimum Capital Investment: $350 per sq. ft. 853 sq.ft. CC-04 Concourse C CA-03 908 sq. ft. Manicure service and retail co-located with massage service 19 Personal Service Small Package #6 Lease Terms Length of Lease: 8 years Rent to be competitively proposed as either flat Concourse A or tiered rent structure Minimum Capital Investment: $350 per sq. ft. 853 sq.ft. CC-05 Concourse C CA-06 983 sq. ft. Massage service and retail in new right-sized locations 20 Small Retail Single Unit #12 Lease Terms Length of Lease: 8 years Rent to be competitively proposed as either flat or tiered rent structure Concourse C Minimum Capital Investment: $400 per sq. ft. Entrance 200 sq. ft. CC-01 Low investment opportunity, perfect for small business retailer 21 Specialty Retail Small Package #2 Lease Terms: Length of lease: 8 years Rent proposed as flat or tiered percentage Central Terminal Minimum guaranteed rent Minimum capital investment: $500 per sq. ft. 2,863 sq. ft. CT-10 Concourse D CD-05 807 sq. ft. Gift merchandise remains a popular offering for travelers 22 Anchor Retail Single Unit #5 Lease Terms Length of Lease: 10 years Rent to be competitively proposed as either flat Central Terminal/ or tiered rent structure Minimum Capital Investment: $500 per sq. ft. Concourses A-B 2,376 sq. ft. CT-16 Destination retail concept drives customer exposure to adjacent retail 23 Anchor Retail Single Unit #7 Lease Terms Central Terminal/ Length of Lease: 10 years Rent to be competitively proposed as either flat Concourses C-D or tiered rent structure Minimum Capital Investment: $500 per sq. ft. 5,800 sq. ft. CT-06 Destination retail concept strengthens and balances retail offering 24 Next Steps: Schedule August: Issue opportunities, tours October: Submittals due October: Commission update November: Initial consultant analysis, Port confirmation of recommendations December: Notification of awards Dec/January: Lease finalization 25
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