Ideas for land use due to possible rezone in Seattle

[Rao V.]

Hi Guys,

I wanted to check in this forum for some ideas for a project that I and my next door neighbor is contemplating. Me and my next door neighbor owns one SFH each. so together we own 2 lots and land is roughly 14.000 sqft.

These lots are going to be rezoned from SFH to MUR35 in coming years which means we can build mixed use commercial/residential upto 4 stories. I cannot disclose the address now but to give you an idea the lots are in shoreline, Seattle area and rezoning is coming as part of shoreline train project. These lots can have 1st floor as commercial and next 3 floors as residential.

The lots being on a busy street and there are about 100 feet facing street I think the first floor could be just commercial. 

So I want to ask experienced professional here that what are possibilities and how to go about it. 

One way I think is we signup with a developer and we provide land and they invest in construction/material and then we split the profit.

Also if there is somebody in Seattle area who would like to partner and discuss feel free to pm me.