Mad Anthony’s Pier 66
Third Amendment to Lease
Item No. 8n _supp
Meeting Date: November 14, 2023
Seattle waterfront construction
2
2019 - 2025
Anthony’s Pier 66 gross sales history
Seattle waterfront construction began in 2019, so the year 2018
is used as the baseline.
3
Yea r % of 2018
2018 100%
2019 95%
2020 20%
2021 41%
2022 62%
Key Amendment Terms
4
Original
First
Amendment
Second
Amendment
Third
Amendment
After Third
Amendment
Minimum Rent $30,670/mo None None None $30,670/mo
Percentage Rent
Rate
6.00% 6.50% 6.50% 6.50% 6.25%
Effective period
Prior to First
Amendment
June 1, 2020 –
May 31, 2022
June 1, 2022 –
April 30, 2023
May 1, 2023 –
earlier of 2-
way traffic on
Alaskan Way
or December
31, 2024
Through lease
expiration of
December 31,
2041
