Redevelopment plans for the shopping center in the heart of the Stadium District are inching along, with one business planning a move to make way for whatever comes next.
The owners of Premier Collision, a body shop that operates at the bottom of the triangle-shaped property on North 1st Street and Division Avenue, are buying property across the street from their current location. Matt Earsley, who co-owns the business with his wife, Sadie, said Wednesday that he expects the sale to close in several weeks.
The Earsleys plan a 1,500-square-foot addition to their new property, and are in the early stages of design.
“We’re feeling very fortunate to get to purchase a piece of property from Tourmaline,” Matt Earsley said, referring to the California-based equity firm that bought the triangle-shaped property and two adjacent parking lots last fall.
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At that time, Tourmaline principal Jonathan Cheng said the property was a good investment because it was “under-utilized,” and he said all options were on the table: retail, or apartments, or office, or some combination of all three. A brochure from First Western Properties contains renderings that envision a possible restaurant with a patio in the current Titus-Will space, which is above Premier Collision. The general manager of Titus-Will has said that business will consolidate in its Broadway location as soon as Tourmaline asks it to move.
The brochure has renderings that propose additional head-in parking along the Division Avenue side of the triangle building. It also identifies a “phase II” on the land across North First that is now parking lots: A possible retail-apartment complex next to another new retail space.
David Irwin, a Bellevue-based developer working with Tourmaline on the project, said he had “nothing to announce yet” in terms of possible tenants. For now, the only solid development is Tourmaline selling part of its property to Premier.
“We still haven’t put together our plans” for the rest of it, Irwin said.