Madison Park Times Real Estate - March 2018

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MARCH 2018 facebook.com/MadisonParkTimes

Madison Park Times

Serving East-Central Seattle since 1983

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MADISON PARK - WASHINGTON PARK - MADISON VALLEY - DENNY-BLAINE - MADRONA - LESCHI www .M adison P ark T imes . com

Retail upgrade on E Madison

Ewing & Clark hope to have renovations on the 4116 E. Madison St. building completed this summer.

Long vacant storefront being upgraded for new tenants By Brandon Macz

Madison Park Times editor Long vacant commercial spaces on East Madison Street should be ready to house new Madison Park businesses by this summer. Ewing & Clark purchased 4116 E. Madison St. for $1.38 million in October 2017. The King County Assessor’s Office last assessed the value at $662,500. “We’re trying to figure out the timeline for when it will get done,” said Casey Losh with Ewing & Clark. “We were thinking the spring, but now it’s looking like the summer.” Renovations on the 1926 building, previously owned by Constance Gillespie, include updating electrical and plumbing, as well as fortifying the interior with a steel beam that will allow for the removal of interior walls for a more flexible space, Losh said. Plans also call for new foundations, framing, ceilings and roof.

Photo by Brandon Macz “We’re using the same engineer that she had, but it’s kind of been a slower process than we’ve wanted it to be,” he said. A restaurant would be the ideal tenant for the 1,800-square-foot space, he said, but the building could be divided. While renovations are lasting longer than expected, Losh said interest in acquiring the space has him showing the building several times a week. “A lot of it’s been restaurants,” he said. “I just

showed it to somebody who wants to do an antique kind of shop; she works with interior decorators.” Other prospective tenants have eyed the property for a photo gallery, hair salon and clothing store. “I think our main ideal is to put a restaurant in there,” Losh said, “and then something, if there’s room leftover, in there.” Those wishing to view the space can contact Losh at 206-683-4703. More Ewing & Clark listings are at ewingandclark.com.

Pending A seamless design by renowned architectural firm Olson, Sundberg, Kundig, Allen. This residence, overlooking Saratoga Passage on Washington State’s Whidbey Island, offers open spaces for entertaining and intimate spaces for personal reflection. The home rises away from the slope, ending in a dramatic cantilevered deck, soaring towards the water view. Oversized doors allow for a free flow inside and out. Masterful use of concrete, structural timbers and sustainable design strategies – including a living, green roof, operable passive ventilation and geothermal heat – inform this one-of-a-kind home. WHIDBEY ISLAND RESIDENCE: $2,650,000

MOIRA E. HOLLEY moirα@moirαpresents.com 2 0 6 . 6 6 0 . 4 78 7 moirαpresents.com

3344 East Shore Drive | Broadmoor Offered for purchase at $2,850,000 My latest Broadmoor listing is now Pending! I live and work in our community and have sold many homes here over the years. As a Seattle native and a broker with an international company, I bring the perfect balance of local knowledge and global marketing to your listing. Inventory in our area is low and demand is high, making 2018 a great time to sell. If you are considering selling your home or if you would like to know the value of your property in today’s market, I would be happy to provide you with a complimentary and confidential consultation. I also have an excellent track record at winning homes for buyers in this competitive market, so if I can help you find your next home, please reach out. I would be delighted to assist you in realizing your real estate goals in 2018 and beyond. 206.919.6605 lisaturnure@CBBain.com LisaTurnure.com


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