Thanks to a reader for the picture
An important deal for the stability of the 15th Ave E business core has apparently fallen through.
Large “for sale” signage has been put up on top of the plywood panels covering the shuttered Coastal Kitchen following last month’s announcement that the restaurant and its building had been sold.
CHS reported in early February on the announcement from the Sound Restaurant Family company that includes the Mioposto pizza chain as well as a roster of South Sound venues including The Poodle Dog in Fife that it had a deal to sell the Capitol Hill Coastal property to new ownership bringing a new concept to the building that has housed the restaurant for more than 30 years.
It has been nearly 50 days since that announcement.
Coastal closed and was boarded up after one last night of business on February 21st. The day before, the property was put on the market again with a $2.5 million price tag. “A 4,929 SF, full-service restaurant and bar, the property is centrally located within the highly desirable 15th Ave E Restaurant Row, with great street visibility and an operable storefront,” it reads.
Sound Restaurant Family and owners Dan and Jonathan Tweten have not responded to CHS’s inquiries about the fate of the Coastal property. There are no records with the county regarding any change in the deed.
With the deal apparently off the table, the boarded-up business is adding another dent to commercial activity in 15th Ave E’s core as the street awaits big changes. Across 15th, Capitol Hill developer Hunters Capital is preparing plans to transform the old QFC block of 15th Ave E into new apartments, businesses, and plaza space. When the work up the street where the Hunters Capital mixed-use project replacing the old Hilltop Service Station is complete later this year, the clock will start ticking for the QFC block project to start.
The property was listed on February 20th
The changes will mean some familiar faces in new spaces. CHS reported here on the plans for Rudy’s to move its barbershop across the street to the new Hilltop development.
Meanwhile, the deal hiccup at Coastal appears to be an anomaly in a wave of new food and drink projects lined up to take over some much loved Capitol Hill spaces. CHS reported here on Guillotine replacing Witness on Broadway, 206 Burger moving into the former Broadway 8 Oz. burger bar space, new ownership at E Pike’s HoneyHole, and the next project for the corner held down by Machiavelli for 36 years — Cheese Room.
What comes next for the old Coastal Kitchen? We’ll have to wait for a buyer with $2.5 million to step forward to find out.
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