The Washington State Liquor and Cannabis Board has approved the permit for Bremerton’s The Reef retail marijuana shop to move its operations to Capitol Hill’s E Olive Way.
The decision was posted this week after the multi-month application review process. The Reef ownership has not responded to our multiple attempts to talk with them about their plans on Capitol Hill.
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In February, CHS reported that The Reef and an Uncle Ike’s-related pot venture were the two entities still in the hunt after a three-way race for what appeared to be two legal pot retail locations available in this stretch of E Olive Way on the western slope of Capitol Hill where a confluence of federal, state, and city regulations resulted in a peculiar land rush. Seattle regulations surrounding pot stores require the minimum distance the stores must maintain from places like parks and libraries be at least 500 feet and dictate that two stores can open near each other, but a third must be at least 1,000 feet away.
A real estate rush was also kicked off. The Reef’s proposed home sold for $1.4 million last June. In September, Uncle Ike’s owner Ian Eisenberg paid more than $2 million for the former law offices next to the Crescent. Real estate investment firm Teutsch Partners then snapped up the building home to Pie Bar, and the Speckled and Drake bar for a whopping $4.3 million but, with The Bakeree’s withdrawal, that building now apparently won’t immediately be part of the coming pot boom.
The Reef’s new project will make its home in the building formerly host to Amante Pizza. The company has engaged architects Olson Kundig for the “partial tenant improvement for mercantile use” set to transform the Amante building. CHS is told the retail upgrades will involve most but not all of the building. Amante closed earlier this year and now offers delivery only. The relatively low price, no frills pizza joint and bar apparently took its flashing sign along with it — though it’s also possible it was taken down for safe keeping during the building overhaul and we just maybe might see the infamous landmark return from the dead.
It’s a question we’ll ask the folks at The Reef if and when they decide to call us back.