https://www.djc.com/news/re/12130812.html
The recent buyer of the 4.5-acre Hardware Specialty Co. property, at 60 S. Spokane St. in Sodo, has filed a demolition plan to clear the site.
The architecture firm Nelson filed the plan on behalf of the San Francisco-based owner.
Redco acquired the property last July for $22 million. At the time, family-run Redco said it would lease back the property to the seller, Hardware Specialty Co., for a while.
Clearing the property, which is also bounded by Colorado Avenue South and the Spokane Street Viaduct, is a likely first step to redeveloping.
No new building plans have been filed.
Redco calls it “well positioned for continued last mile delivery or redevelopment opportunities.”
The DJC was unable to reach Redco for comment.
Family-run Hardware Specialty Co., which specializes in maritime products, moved to Lynnwood last September.
On behalf of Redco, Kidder Mathews has been attempting to lease the old complex, with about 80,000 square feet in multiple old buildings, for about six months. KM also says it could be rented as a bare yard.
Redco is run by Jason and Chris Freise; the latter knows the Seattle market from a local stint here with Vulcan Real Estate. Their company is named for their grandfather's old masonry business: Robert E. Daniels Co. Masonry, aka Redco Masonry.