First, a long, long line of auto-related businesses — then BMW — then Mercedes. Now, you can count Volvo as the latest car dealership to head for the exit and depart Capitol Hill’s transformed auto row.
CHS has learned that the Seattle family that owns the Bob Byers Volvo dealership will not renew their lease at 1120 Pike and plans to vacate the building before the end of September, just shy of its 15th anniversary on the Hill.
“The main thing is the cost of doing business on the Hill,” said Doug Byers, who purchased the dealership from his father Bob and co-owns it with his sister.
“The value of the land is difficult to pencil out for an auto dealership, especially now that financing is coming back for property owners to build condos and apartments.”
Byers said the landlord “has been very good to us” in keeping the rents reasonable, especially during the recession, but “at a certain point, it just didn’t make sense anymore.”
The 13 sales and service employees at the Capitol Hill dealership will be offered positions at the company’s larger and original location in Ravenna, according to Byers.
“This affects all of us,” said salesman Ryan Driscoll. “I love this location. I’m really going to miss it.”
“This building has been home to different car dealership for so long”, said Driscoll, recounting how Fiats, Datsuns and Packards once sat on the same showroom floor before the arrival of the Swedish imports.
Capitol Hill’s transformation has carried its auto row buildings from the boom days to bust to a new boom of reuse and redevelopment. The new “showrooms” of Capitol Hill have drawn national acclaim. Meanwhile, the exit of the last bastions of auto row has cleared the way for almost unimaginably massive developments. This 260-unit apartment building will replace the BMW campus that runs between Pike and Pine at Harvard. The former Mercedes dealership on the street will also be part of a project that will eventually rise to seven stories. Currently, there are no records on file with the city that indicate a redevelopment future for the 1920 building the Volvo dealership has called home. The same owners have held the building since 1997 according to King County Records.
Byers said the dealership has had a good run on Capitol Hill. “We definitely acquired new business because of the location. People wanted to be able to drop their car off to be serviced and walk back home.”
However, the past five years have been a challenge due to in no small part to the recession. Byers said he’s thankful for the customers in the neighborhood and hopes many of them will visit the Ravenna location.
While he and his sister have not finalized plans for relocating, Byers said it will be a great reason to reduce inventories so they will probably hold a moving sale.
Meanwhile, a “for lease” sign hangs at the top of the building, advertising 29,000 square feet for rent. What will or can put that kind of space to work is a good question. The dealership’s restaurant neighbors at Tango have recently added sibling Rumba to the lower Pike mix off Melrose. Higher on Pike, Hunters Capital is marketing its newly acquired space that costume shop Brocklind’s called home for decades. “5 years, restaurant preferred,” the Hunters flyer reads.
Once Bob Byers Volvo drives off, the Ferrari/Maserati dealership on 12th and Union will be the only major car dealership that remains on Capitol Hill. We’ve learned about some changes for that showroom, too. Look for it in an upcoming update.