posted 07/02/08 07:45 PM | updated 07/02/08 07:49 PM
Views: 416 | Comments : 9 | Broadway

Broadway Bank of America site sold

By Andrew Taylor
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Paraphrased from Wednesday's Seattle Times Business Briefs (not available online?):

 


  • Sold to Spokane Developer for $9.3 million
  • Will first build 4 story apartment building with ground floor retail in the parking lot (so the Farmers' Market will need a new home. Ideas?)
  • After bank relocates, replace building with 6 floor mixed used building.
  • Total of 120 - 130 apartments
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Broadway BofA
Re: Farmer's Market -- How about the Key Bank lot on 15th? Or one of the Group Health lots? Neither is used on Sunday, I believe.
Comment by Charlie
July 02, 2008
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BofA!
Gaaaaaaaah. There goes my banking-within-walking-distance, I guess. *grump* Maybe it'll move into the ground floor of the new place across from brix.
Comment by raincitysun
July 02, 2008
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Took them a year
To find a buyer, it seems. Talk was that market would move near Cal Anderson -- Nagle Place
Comment by jseattle
July 02, 2008
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ANOTHER building project?
because all of the other ones around the hill and downtown are doing so well?
the cha cha memorial parking lot? the hole in the ground behind the bon parking lot?
when are these developers going to take a moment and reflect on what they're doing and the economy they're doing it in?
Comment by stacy
July 03, 2008
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apartments or condos?
If these are rental units I think that's great. Although I will be sad to see the Broadway Farmer's market go. But it was so small anyway - we usually end up going to the Wallinford one.
Comment by pffft
July 03, 2008
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bring it to 15th
I'd love to see the farmer's market come to 15th. Of course I'm biased because I live near it, but I think it'd be great for the neighborhood.
Also, I think it's a great idea to put in more apartments, it'll help keep rents down!
Comment by Austin
July 03, 2008
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Building takes a while...
If everyone simply stops buying lots and putting plans in place to build, they will miss the turnaround that's sure to happen in a couple of years. As long as they're not luxury condos, or coming on the market next year (which this surely won't), well capitalized developers are smart to keep moving on potential projects.

There's always boom and bust cycles, especially within construction. The companies that got out there too far or are over-leveraged, will fail. Those that aren't, will snatch up things cheaply and benefit when the recovery happens. Warren Buffets played out this exact cycle many times (in different industries) in the last 20 years.

And besides that, I can't wait for Broadway to be even more densified than it is now. The last thing I want is for it to turn into the Ave - all desolate and filled with Ave rats.
Comment by jcricket
July 03, 2008
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Broadway BOA sold
How about Miller Community Center or Meany Middle School parking lot. Also like the idea of Key Bank parking lot or Group health lots
Comment by sl
July 04, 2008
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what about the park?
Does the market need to be on a parking lot? I would understand if it did- but what about
a) cal anderson park (obviously not on a lot)
b) if it needs a lot, how about volunteer? It's a little out of the way from broadway, but would be a beautiful place to buy veggies.
Comment by mathew
July 10, 2008
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