Century Pacific, LP

Property Value Enhancement

CenturyPacific, L.P. is currently involved in a number of major land value enhancement and marketing projects with clients and joint venture partners. Land value enhancement is the multi-disciplined task of bringing undeveloped or under-developed real estate to a developable state. It requires the choreography of land planning, zoning, market and economic analysis, infrastructure development, community relations and many other simultaneous activities. While complex, it is a phase in which great value may be created with the expenditure of relatively little capital. CenturyPacific principals have successfully managed the land development phase of such diverse real estate as suburban business parks, master planned communities, industrial parks and high-density urban parcels. Property value enhancement and marketing services include:

  • Market analysis - highest and best use
  • Land planning coordination
  • Entitlements
  • Infrastructure development
  • Finance
  • Marketing and disposition
  • Development management

Mill Sites

CenturyPacific acted as fee developer for a local family in the evaluation, development and sale of the 24-acre former Barbee Mill property located along the eastern shores of Lake Washington. In 2003, CenturyPacific sold the property to Conner Homes Company.

Mixed-Use Development

As development manager, CenturyPacific was responsible for all aspects of a 250-acre mixed-use development project located in the Tri-Cities of central Washington encompassing Kennewick, Richland and Pasco. Tenants in the project include retailers such as Costco, Shopko and Price Chopper. It also is home to three hotels, a variety of office buildings, a theatre complex and a 100-acre residential subdivision.

Farm / Land Enhancement

CenturyPacific managed the land enhancement process for a 228-acre parcel located in North Bend, Washington. The process included an opportunities/constraints analysis, development of a master-plan, an entitlements strategy, preliminary plat applications and completion of an EIS. In 2002, CenturyPacific sold a significant portion of the project to the Trust for Public Land.