A longtime Capitol Hill retailer is consolidating after what management says is a 40% jump in rent for its Broadway storefront in an area of the street gearing up for significant changes.
Broadway Boutique, a purveyor of club fashions and more for two decades, will be combined with owner Lisa Chang’s other Broadway-based outlet, Trendy Wendy, according to a plastering of signs in the business’s windows.
The building neighboring Dick’s Drive-In is owned by real estate investor David Eskenazi according to county records. Nancy Sandbloom continues to hold the drive-in property and its parking lot. We have not yet reached Eskenazi for comment.
This stretch of Broadway is undergoing an increase in investment and planning as the development plans for the light rail station across the street begin to take shape. Last year, the building home to the post office was acquired by investors who told CHS they planned to improve the building but planned no immediate major development for the property. Meanwhile, investor Ron Amundson is planning to develop his two holdings in the area including this plan for lofts in the former Hollywood Video building.
We also have messages out to Chang to learn more. We talked to her about her retail efforts on Broadway in 2011.
Chang has put signs to use to spread the word about her displeasure with events in the past including protests of changes to parking and burdens to local businesses during demolition and construction for the light rail project. No word yet on any changes for neighboring printer Perfect Copy — presumably where those very signs were created and under the same landlord as Chang. Same goes for Happy Mart which also call the building home. Currently, county records show no records of transactions indicating any consolidation of ownership across the parcels.