Wednesday, October 27, 2010

A&R Development picked for $17M Jonestown project - Puget Sound Business Journal (Seattle):

obovadugibe.blogspot.com
The project falls into the city’ s aims to remake Central Avenue, which has seen a wave of new developmengt in recent years building off the successx of nearbyHarbor East. led by Anthony Rodgers, hopes to build a mixed-usse development including 107rental apartments, 18,000p square feet of retail space and 156 parkinfg spaces. said Tuesday it awarded the firm exclusivd negotiating rights forthe city-owned land at 110 S. Central Ave. and 1120 Granby St. The propertie s combine for about 29,00o0 square feet. The BDC, the city’s economic developmenyt arm, offered the property, and two others, up for redevelopmeny in August 2008.
“These properties give the city the opportunitty totake vacant, underutilized properties and have them renewedf as private enterprises that will generate taxes and enhance the Jonestown/Washingtonm Hill community,” BDC President M.J. “Jay” Brodire said in a statement. The city also tappede Mitey LLC to negotiate for a seconr siteat 1301-1309 E. Lombard St. Mitey is a real estater company formedby Gerry’s Tire Service, which hopes to use the propertt to expand its adjacent business. Mitey plansa to use the 4,518-square-foot propert in the short term as a temporary parking lot for its businesx and would expand ontothe city-owned propertty in the future.
The city is reservinfg the rights for thethird property, at 130 S. Central Ave.

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