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.
According to court documents filed late last month, the business couldn’t keep up after only a few months of business and owed the property $10,446.26 in unpaid rent for June and July. In the updated lawsuit, Estate’s corporate parent, Powers that B, LLC, now owes more than $14,000 under terms of its lease agreement.
According to court documents, the original Estate agreement was signed by Ali Olyaie. Olyaie was also part of opening By the Pound, the E Olive Way deli and speakeasy bar that suddenly shuttered last September owing around $11,000 in taxes and more than $75,000 in unpaid rent after less than a year of business. The unaffiliated Rose Temple bar has since opened in the space.
The club and bar-focused F2T Hospitality management company owned by Olyaie behind the By the Pound project had also been maintaining an office on E Olive Way just up the block from the deli and bar. That company also opened the Alchemy cocktail bar and its restaurant sibling Vine and Spoon in West Seattle. Those venues have also been tangled in financial issues over unpaid rent.
While Olyaie is identified as the partner who signed the lease agreements for Estate in court documents in the new eviction case, he is not named in the lawsuit against Powers that B over the unpaid rent. But the Kirkland resident is facing new legal troubles. According to a case filed in the King County District Court, West Division, Olyaie faces one count of violation of the controlled substances act for possession of fentanyl in a case filed August 7th. He has not yet entered a plea in the case, according to court records.
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