Estate, a Capitol Hill street fashion boutique started by people involved in the By the Pound financial implosion on E Olive Way, has suddenly shuttered and owes $10,000 in unpaid rent according to a county eviction notice posted at the 10th Ave retailer’s now emptied Pike/Pine location.
The shop opened in April with “mostly American street style brands in the $40 to $200 range” and managers who said they had put earlier financial issues behind them. “Burrowed in perhaps the coolest stretch of Capitol Hill on 10th Avenue just south of Pike, Estate radiates the ’80s and ’90s pop culture that owner David Lee grew up with,” Seattle Met gushed.
According to King County Superior Court records filed last October, the companies behind Estate owed around three months in in unpaid rent for the Pike/Pine shop before it even opened.
But later court records show a new agreement for the ground floor retail space in the Jack apartment building came with a short leash that required the business to pay off previously unpaid debts — and not fall behind on its lease again. Continue reading