Goodwill’s Dearborn Street project cancelled
It looks like the Times’ Jerry Large is still going to have to keep driving elsewhere to buy his socks after work, because the Dearborn Street project at the Goodwill site next to Little Saigon appears to have been cancelled by TRF. I received the following update this evening from the Dearborn Street Coalition for Livable Neighborhoods: “Today, the Steering Committee of the Dearborn Street Coalition for Livable Neighborhoods (DSCLN) was informed by the developer of the Dearborn Project of the Goodwill site that the development project has been canceled due to the economic downturn.”
If you’ve ever lived elsewhere in the city, you know that we don’t have the amenities of other neighborhoods. I get sick of driving to Ballard or Bellevue for Fred Meyer! (And no car = no Fred Meyer.) That particular project may have been over-the-top and ill-advised, but seems to me our neighborhood is long overdue for investment.
Update from scott: I just spoke with Darryl Vange, the devleoper of the Goodwill project, who confirmed that the project has been cancelled. He said the decision was “90% economic”, including the inavailability of financing and ongoing difficulties for the large retailers who were key pieces of that project. Given those issues, it no longer made sense to continue with the costly design and permitting process for the project.
Mr. Vange also said that an economic turn-around could provide a reason to revisit the project some time in the future. However, it would have to start over from scratch as the developers are not retaining any options or other contractual arrangements that give them access to the property. But, Mr. Vange notes that the Goodwill buildings are still in very poor shape and will have to replaced at some point.