There is a big announcement regarding the the Interbay Urban Center set for Tuesday (Jan 27) at 10a.m. This is the retail center, 1819 15th Ave. W., Seattle, where construction stopped on the Whole Foods Market after a battle between the developer and Whole Foods led to a lawsuit.
Now officials of developer TRF Pacific are telling us that they will share future plans for the currently vacent retail center tomorrow but won’t give up any further details until the announcement.
It is a likely bet they have good news to report or they would not be holding a news conference. Speculation is that a deal has been worked out for Whole Foods to decrease the square footage for the store and another retailer will take over the extra space. The fact that they will be unfurling a 16 foot banner at the announcement makes us think that they likely have another retailer on board and hopefully an opening date for Whole Foods.
Our sister site Magnolia Voice was the first to report last September that the Whole Foods project at Interbay was in trouble when TRF filed suit against Whole Foods for breaching the lease. Whole Foods was originally set to open last Thanksgiving but construction on the site stopped completely in September. Two other retailers, Subway and Interbay Cleaners, have space in the center but don’t plan to open until they know what is going on with the main tenants. Pete’s Coffee was also expected to open there.
In a report a few weeks ago, Magnolia Voice reader Adam shared this information in comments:
I also know that Whole Foods will be occupying that space in the smaller format come late summer. I work for another national retailer that has agreed to occupy the 20k or so sq ft that Whole Foods didn’t want. I know that everyone has been tight liped about it all because of thw lawsuit and negotiations. I am hearing that it will all be settled and announced by the end of Jan.
Looks like Mark may be right. We will be at the announcement tomorrow to bring you the latest details.