Ted speaks with Dean Jones, CEO of Realogics Sotheby's International Realty (RSIR), about Terminal One Motor and Yacht Club, a new luxury car and yacht ownership community rising on a remediated nine-acre waterfront site near Seattle's Ballard Locks. Dean shares the story behind the development, the fee-simple dockuminium model built for collectors and yacht owners, the design collaboration with Olsen Kundig, and the community culture forming around the project ahead of its fall groundbreaking. The conversation highlights how passion-driven lifestyle branding, not just storage, is shaping demand for one of the Pacific Northwest's most distinctive new developments.
Ted speaks with Dean Jones, CEO of Realogics Sotheby's International Realty (RSIR), about Terminal One Motor and Yacht Club, a new waterfront development near the Ballard Locks in Seattle. Dean explains the site's history as a former WWII-era petroleum depot, how environmental remediation turned the contaminated brownfield into a rare nine-acre in-city opportunity, and the vision for combining luxury car and yacht storage into a single ownership community.
The conversation covers the mechanics of the project: fee-simple "dockuminium" ownership for both car collectors and yacht owners, including slips built to accommodate yachts up to 300 feet, the design partnership with Olsen Kundig, and property management through Columbia Hospitality. Dean also discusses Seattle's tax and policy climate, why buyers increasingly view the development as a "third home," and the pre-sales and construction timeline leading into this fall's groundbreaking.
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Dean Jones
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