Ponder and its mixed-use neighbor, the Stencil development (Image: Ponder)
One of the few coveted parcels in the city that can be licensed for marijuana retail has hit the real estate market in the Central District but demand for the property isn’t being driven by pot entrepreneurs, Ponder owner John Branch tells CHS.
“It has appreciated to the point that retail isn’t a good use,” Branch said about this small stretch of E Union between 24th and 25th Avenues that the Ponder shop calls home. “Increased housing, mixed with retail on the lower floor,” that’s what is coming next, the pot shop owner says.
Seattle’s marijuana real estate boom is faded. The growing city’s other addiction is tough to outpace. The demand for new housing development has driven Branch and Pete Sikov, the real estate investor he owns the property with, to put the Ponder shop and the neighboring single family style house they purchased next door on the market for $3.15 million. They purchased the properties seven years ago for a combined $1.2 million and change.
“This is a unique opportunity to obtain one of the last remaining large parcels in a location where demand for development is at a premium,” the Windermere sales pitch reads: Continue reading →
You now have four legal cannabis shops to choose from on Capitol Hill.
The E Olive Way expansion of the Uncle Ike’s pot chain is open and celebrating its debut with $1 joints just weeks after the shop was targeted and damaged by protesters.
Ian Eisenberg opened the original Uncle Ike’s, the city’s second ever legal pot shop, at 23rd and Union in 2014, and added the first Capitol Hill Uncle Ike’s on 15th Ave E in late 2016. Ruckus beat everybody to the punch on the Hill when it debuted just off 15th Ave E as the neighborhood’s first ever legal cannabis shop in late 2015.
The new Uncle Ike’s will create a second Capitol Hill pot cluster after The Reef opened just up E Olive Way in the former Amante Pizza location in August 2018. The Reef’s new home made the old pizza shop nearly unrecognizable after a redesign of the interior by architects Olson Kundig. Its presence has since spread across the street where the pot shop has stepped up to sponsor a clean-up and upgrades to the Arcade Plaza pavement park. Continue reading →
Filings with the Washington State Liquor and Cannabis Board indicate that Uncle Ike’s founder Ian Eisenberg is reorganizing the corporations and partnerships behind one of Seattle’s largest marijuana retailers as the chain is preparing to open a new Capitol Hill location later this year.
The applications for a transfer of existing licenses to a new Jet City Retail corporation were filed earlier this month.
Typically, assumption applications are part of the acquisition process for a new owner of an existing licensed business. But for the five applications filed May 7th for the various Uncle Ike’s locations around the city, the process appears to be corporate housekeeping and consolidating of the various limited liability corporations and companies brought together to form the various Ike’s entities. Continue reading →
A year after The Reef won the race to bring legal pot to Capitol Hill’s western slope of E Olive Way, its neighborhood competition will finally begin construction on its new store.
Last week, the city’s planning department finally approved the construction permit for Uncle Ike’s “Capitol Hill West” shop, a project that will convert a former two-story legal office building neighboring The Crescent into E Olive Way’s second marijuana store.
Pot entrepreneur Ian Eisenbergpaid more than $2 million for the two-story, 1967-era property in the fall of 2017 as a land rush for E Olive Way properties played out after shifting laws and policies opened up the street to I-502 pot development. Continue reading →
Police and the Sheriff’s Guardian One helicopter searched northern Capitol Hill overnight after a suspect reportedly held up the Ruckus Recreational pot shop just off 15th Ave E.
Friday night, police rushed to the Ruckus shop just after 11:30 PM and surrounded the shop while waiting to make contact with an employee waiting inside. According to East Precinct radio reports, police began searching the surrounding area with a K9 dog unit but did not immediately track down a suspect. Police were also looking for a vehicle seen leaving the area as officers arrived. Continue reading →
The message posted by @Needs1st calls out Uncle Ike’s for… well, a lot of stuff
The 15th Ave E location of the Uncle Ike’s pot retail empire has stirred up another call for boycott against the business.
Its owner says that a sign asking customers to donate to a neighborhood nonprofit and not give money to panhandlers was driven by the community — neighbors, merchants, and the city in meetings, and complaints on social media like Facebook and the Nextdoor neighborhood app.
But after the sign was moved recently from inside the store to replace a Harold & Kumar movie poster that had been framed in lights out front since the shop’s opening, its new prominence has neighbors talking, indeed. Continue reading →
Capitol Hill and the Central District’s top provider of pot, Uncle Ike’s has begun randomized pesticide testing on products directly from its shelves in an effort to incentivize vendors to provide clean cannabis and push the state to act.
The program, called Ike’s OK, started in October with five products and will continue testing five more products each month indefinitely as a way of regulating a market that is under very little government supervision. The state only requires potency testing certificates of analysis with each product, but no similar documentation for pesticide testing.
For Tobias Coughlin-Bogue, a journalist who has written extensively on pesticide use in pot, the legalization of recreational marijuana, which came in December 2012, was just the first step toward it becoming a safe consumer good.
“It’s not complicated, it’s not like we did any real wizardry,” said Coughlin-Bogue, who helped develop the program. “It’s just a basic safeguard, but it’s one that we should have had four years ago.”
Uncle Ike’s is one of a handful of companies in the retail pot business but its sales outstrip competitors by a long shot. And soon, even more Capitol Hill pot will come through Uncle Ike’s as the chain prepares to open a new location on E Olive Way. Continue reading →
Ruckus Recreational on E Republican at 15th expanded their tiny grass shop into the joint next door in January but no one on the staff remembers which day exactly. With the square footage of a van, the original low profile boutique could easily be overlooked.
“That space didn’t allow us to expand our product line,” said Ruckus owner Sam Burke, yet sales at Ruckus are only getting higher. The company grossed $261,000 in December 2017 and has grown 13.3% annually since opening two years ago, according to industry tracker Top Shelf Data.
Compared to Uncle Ike’s, the Goliath weed stronghold with a location across the street, one at 23rd and Union, and another in the works on E Olive Way, Ruckus was also an easy target for thieves. After five separate smash and grab break-ins, Burke increased security measures of the newly expanded shop.
The store opens every day at 8 AM to a sleepy stream of regulars who point to what they want with little deliberation.
“It’s just like getting up and going to buy a pack of cigarettes,” says Ruckus product buyer, Bill Eddy. Continue reading →
The City of Seattle will join San Francisco in retroactively applying marijuana legalization laws to past pot possession convictions, Mayor Jenny Durkan’s office announced Thursday morning.
“Today, former U.S. Attorney and Seattle Mayor Jenny A. Durkan and City Attorney Pete Holmes will announce plans for the City to move to vacate misdemeanor marijuana possession convictions prosecuted by the City before marijuana was legalized in Washington. Passed in 2012, I-502 legalized the possession and recreational use of marijuana for adults ages 21 years or older,” the announcement reads. Continue reading →
As what could be the biggest change for the street in decades plays out, the community around 15th Ave E’s shops and restaurants is coming together to help make a smaller change in the neighborhood work out for a longtime neighborhood business.
In October, CHS reported that mailing and package services stop Postal Plus was faced with doubling rent and needed to find a new home. Sunday, a neighborhood meeting organized by resident Ellen Taft is being held at Victrola to help postmaster Ed Zhang find a new home: