Summary
Located outside Seattle in Western Washington’s wine country, The Yard will be a six-building retail, restaurant, and local winery destination within the greater ~$600 million Harvest development. The Yard will be an integral part of the overall development, featuring a three-floor subterranean parking garage and storage space, which will provide needed parking to the fast-growing Woodinville community, as well as to neighboring businesses. The addition of The Yard will make the Harvest an all-in-one destination for dining, shopping, wine-tasting, and more.
Opportunity
Nuveen Green Capital was proud to partner with Harvest Retail Partners and Columbia Pacific Advisors to provide $42 million in C-PACE financing, of the overall $123 million project cost, to fund core building systems and seismic mitigation systems for the state-of-the-art new development, located in the heart of wine country. The C-PACE loan funded ~35% of the project cost and significantly reduced the project’s weighted average cost of capital.
