As a reminder, anybody can post to CHS. You can find our latest contributions in the CHS Community section. Posts of high quality and interest may be shared on the CHS homepage. Thanks to all community contributors for being part of CHS! CHS reported on the “transit oriented development” process at Capitol Hill Station here: Developers vying to build Capitol Hill Station housing+retail say properties are overvalued
By Michelle Hipler, Capitol Hill Chamber of Commerce
Thursday, the Capitol Hill Champions hosted a Broadway Retail Panel Luncheon at the Capitol Hill Library where neighborhood business owners spoke candidly to the developers who will bid on the prime real estate above the Link light rail station on Broadway. The resounding message was that developers have to get it right, and that means thinking more creatively about the retail spaces.
The bottom line, as Linda Derschang (Linda’s, Oddfellows, Smith, et. al.) put it: what really created the thriving Pike/Pine corridor business district was the high rent on Broadway. Pike/Pine happened because “nobody small and new could afford Broadway anymore.” Fast-forward to 2014 and even she is nervous about signing a long-term lease for Linda’s Tavern on Pine where the rent is expected to triple within a few years and the landlord refuses to make any improvements. “Will the renters filling up all these new apartments come to Linda’s? Will all the indie rockers move away?”