The property of the newly opened Wonderland Gear Exchange and Lazy Dog Crazy Dog has just sold for $3 million.
According to city records, the existing structures will be demolished to make way for a 4-story mixed-use building with 54 apartment units and 2,858 square feet for ground-floor retail. Parking for 27 vehicles is proposed (click here for the full project plans).
Wonderland Gear Exchange, which opened just last weekend, has a lease that will allow them to stay at least until 2020. Store co-owner Ben Mawhinney says they knew the property would be eventually turned into an apartment building, but that it was just too good of a location to pass up, despite its finite lease period. And, given typical permit processing times in Seattle, they could end up staying longer than two years.
Lazy Dog Crazy Dog doggie daycare has operated in that building been in business since 2009. No word yet on their plans — we’ll update with any new information.
15th – now a tunnel of walls.