With Siam on Broadway closing shop after more then 20 years in business, the row of Broadway storefronts between Poppy and The Brix is all but abandoned. Harem, retailer of ‘alluring accents’, now stands alone.
What comes next for the strip is not yet clear — it’s too early in the business process for the developers who own the various parcels to show their hands. CHS talked to Allan Jones this afternoon, owner of the building that Siam called home. He would not comment on his plans for the building. “I’m not at liberty to discuss details on the property at this time,” Jones said. A call to the property management company for Fortuna Sequitir, the group listed in tax records as owning the parcels to the north and to the south of Jones’, was not returned.
UPDATE: After this posted, I talked to Craig Swanson who manages the Jade Pagoda property and other buildings in the area including the recently rehabbed Lewis Building across the street. He said there are plans afoot to put the property to better use but details are being worked out. “The long term plan is not to leave it as a boarded up building that looks like heck.” Swanson said. He cited the rehabbed building that now houses Poppy and the recent work to renovate the home of Rom Mai Thai across the street as examples of recent positive improvements in the area. “In an ideal world you’re able to do something like that. With Jade Pagoda you can’t. It’s not in the same shape. It’s not preservable.”
Below is a map illustrating the players in the area. As you can see, Jones can’t consolidate without working with Fortuna and Fortuna can’t consolidate without working with Jones. In addition to possible changes for the retail front, the housing parcels on 10th Ave E would also likely be involved in any large scale redevelopment project.