In June 2022, Security Properties submitted very early plans proposing the redevelopment of the Wedgwood Center – the commercial area along the east side of 35th Ave NE, between NE 85th Street and NE 82nd Street, stretching from the Homestreet Bank at the south to the former QFC site. The plans were really just prepared for feasibility level review and to initiate formal discussion with the city. But, no purchase agreement had been reached between Security Properties or the owner. As part of this early process, Security Properties led some outreach to the existing businesses and to the Wedgwood Community Council. In the WCC’s November 2022 board meeting (see stream via link in our November 2022 meeting minutes here), John Marasco with Security Properties noted that the project had hit a hold point following the announcement of a merger between Kroger, who still has a lease at the QFC site, and Albertsons.
However, things have progressed since that time…
Security Properties is now under contract to purchase the Wedgwood Center property and are progressing their mixed-use redevelopment design. The design team is still evaluting multiple design concepts around a similar overall redevelopment plan, which as the early plans submitted in June 2022 indicated, would bring back an anchor grocer to Wedgwood at the corner of 35th Ave NE and NE 85th Street with retail at the south end and 4-floors of residential overtop. Security Properties hopes to be able to announce which grocer they are in discussions with for the new grocer space in the near future. However, the general elements of the project (still subject to change) include:
- A new 38,000 SF corner grocer space (bigger than what is there currently)
- A new commercial space for Homestreet Bank
- 12,000 SF of additonal new retail space
- Approximately 285 apartments with 343 underground parking stalls
Note: There are siginficant design elements that Security Properties is still evaluating and they are eager to present these concepts to the community for initial feedback. The Security Properties design team will be at our upcoming April board meeting on Tuesday, April 4th, at 7PM via Zoom (Zoom link below, but sign up to our Wedgwood Echo Newsletter for future meeting announcements!). We expect Security Properties will be present at several of our upcoming board meetings to present the evolution of the design as solicit additional community feedback. A letter (link) has been mailed to all residents within 500-feet of the Wedgwood Center, per city requirement, and a website (www.spwedgwood.com) has been set up to communicate information about the mixed-use redevelopment proposal as it advances.
Apart from the Homestreet Bank, which is identified in the letter to adjacent residents, we are not aware of final agreements with any other business to return. However, we understand from Security Properties that they have communicated with all businesses and some have shown more interest than others at returning. However, the details around that are being worked out between each business and Security Properties.
Here is the link to the WCC’s upcoming April 4th board meeting.
Topic: Wedgwood Community Council’s April 2023 Board Meeting
Time: Apr 4, 2023 07:00 PM Pacific Time (US and Canada)
Join Zoom Meeting
Meeting ID: 835 5072 8120