Broadway Market Video is moving … to Broadway. And BECU, powered by a burgeoning Capitol Hill membership, is expanding. Details on more changes coming to the Broadway Market shopping center and the new home — nope, Murray the cat didn’t hang around — for a longtime Broadway business, below.
officials tell CHS the credit union will double its size in the Market starting this fall with construction that is expected to last into December. The new space will expand into areas of the market previously carved out for smaller retailers to provide BECU with more room to provide a “better member experience,” a BECU representative said.
The expansion comes as BECU has seen its membership across the region and on Capitol Hill swell in the wake of criticism of big banks and their part in the recent economic meltdown. We reported this spring that the BECU Broadway membership leapt by 46% to more than 2,400 members in 2011 and a BECU representative said that number has grown by around 20% so far in 2012.
The doubled in size BECU is slated to open in December after a short stay in a temporary location during construction. At 2,000 square feet, it will be dwarfed by the 6,000 square-foot Bank of America planned to be part of the 230 Broadway project when it opens later this year.
Meanwhile, after a 26-year run at its Republican and Broadway location, the independent video rental shop Broadway Market Video is moving across the street to the former AAA Locksmith & Security location at 512 Broadway E (right next to that Wells Fargo ATM).
Owner Paul Dwoskin, who bought the shop in 1994, said the impending changes at the Broadway Market building, plus the opportunity for more foot traffic, were behind the move.
“We heard about the building redevelopment, I didn’t want to be a part of that,” he told CHS.
Madison Marquette announced its nearly $15 million investment in the Broadway Market in 2011. Dwoskin expanded the video store space way back in 2000, adding the TVs and growing his video collection. Dwoskin said he had been on a month-to-month lease and left Madison Marquette on amicable terms. The Market’s retail mix has slowly shifted since the 2011 investment as Hot Topic moved out and QFC continues to dominate the bulk of the space. In April, CHS reported that Gyro World was closing but the beloved Broadway Shoe Repair would remain with its “very long lease” as the QFC has undergone upgrades and overhauls including a new space for spirits retailing, a new cheese section and a shifted Starbucks counter.
Dwoskin said he had been eyeing the location since AAA (and Murray the window cat) moved downtown in search of a bigger space and better parking last October following 40 years in the Broadway store. Rent at the new space will be cheaper, Dwoskin said, and is nearly the same square footage, but longer and narrower. The video collection will remain the same and the gift and card offerings will expand. For now, it seems, the Broadway Market part of the Broadway Market Video name is also staying the same.
Dwoskin said he plans to close on Wednesday for a moving day, and be open at the new location on Thursday. If you’re free, Dwoskin is looking for volunteers to help with the move, specifically carting DVDs across the street.
The store’s pedestrian pleasing window TVs were up for grabs (they’re tube, but they work) and there are a few hundred $1 DVDs for sale. Books are also 40% off and many adult titles are on sale for $4.99. Of course, if you’re in the market for liquidated video store offerings, you can also try E Pine’s Third Man Video. CHS reported earlier this week that the store is going out of business by the end of the summer.
You can learn more about Broadway Market Video at broadwaymarketvideo.com.