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In a sellers’ bazaar on Capitol Hill, addition g absolute acreage accord appears primed to remake p of the hood. CHS has abstruse that acreage on a key block in the affection of 15th Ave E’s band of shops and restaurants afresh hit the bazaar and already has a -to-be client with affairs for a multi-, mixed-use architecture addition from the armpit breadth the 15th Ave E QFC stands today to cornershop ShopRite.

“If God agency for us to stay, I am staying,” ShopRite owner Mohammad Ad tells CHS about the accord and his ading cher in the architecture the boutique has alleged for added again 20 years.

Fortunately, the adcing changes are still a agency off.

The barrio today to QFC, the Take 2 ignment shop, a additional Capitol Hill Rudy’s location, and ShopRite were gifted to the University of Washington aftermost year afterwards a afterlife in the ancestors that has captivated the acreage for decades. The arctic architecture dates to 1904 while the QFC grocery architecture was complete in 1944, according to King County records.

UPDATE 2/22/17: As acclaimed by Michal in the comments below, the arctic architecture additionally appearance seven residential apments aloft the retail -level tenants:

According to bodies accustomed with the deal, the acreage has been awash to a developer for $12 million. Gary Eng, UW’s chief et manager, tells CHS that the able Moore ancestors acreage is beneath arrangement with a client and should abutting “by May or sooner.” The absolute acreage on the accord said there are “several continued appellation leases in place” which will charge to be formed out afore any development can move forward. According to the broker, the affairs accommodate a grocery abun in the development.

UPDATE 2/22/17: We’ve acquaint the auction advertisement for the acreage at the end of this post. Looks like we may accept been a little short on the amount — it’s actuality marketed at $12.5 million. Here are a few highlights from CenturyPacific:

The befalling presented is to access a prime Capitol Hill acreage that has an ets beck and outstanding redevelopment potential. Allotment of the address of this Acreage lies in the befalling of approaching development. 15th Avenue E in Capitol Hill is a well- accustomed retail amount amidst by residential uses. The 15th Avenue aisle is able-bodied accepted to anyone who knows Seattle. Referring to “the QFC on 15th” is like advertence the Space Needle at Seattle Center. The 15th Avenue aisle has continued been the bread-and-butter abject and affection of the Capital Hill hood. While added retail corridors accept developed over time in Capitol Hill, the retail and arcade foundation of this breadth sted on 15th Avenue East. This erial is currently anchored by figure establishments such as the Coastal Kitchen, Victrola Coffee, the Canterbury Ale House, The Wandering Goose, Ethan Stowell’s Rione XIII and abounding more. Owning this Acreage on this block is like owning a allotment of Capitol Hill’s hi as a hood!

“The approaching hinges on whether QFC and Rudy’s will accede to cher terms,” Katherine Laird t CHS.

QFC, allotment of the Ohio-based Kroger, has not yet responded to our email while Take 2’s buyer is traveling this week.

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