South Korean government buys block of Mercer for new Consulate
Posted on February 12th, 2014 by Editor
You may recall that back in September there were rumors swirling about the sale of the block of Mercer Street that is home to the Streamline Tavern, Radio Shack, Michael Reed Black Antiques, and Spic and Span cleaners. Recently, the property was off-market, and it turns out that it has indeed been sold.
Per KIRO, the property that sits between 1st Ave W and 2nd Ave W was sold to the South Korean government in December for $2.4 million. It will become home to a new Consulate office, and current tenants will have to vacate the existing buildings before demolition, with construction planned for mid-2015. (KIRO quotes businesses as saying they must leave by December)
The block were for sale via Windermere Commercial Real Estate, with the addresses as 127 W Mercer St and 115 W Mercer St, and listed at $2.75 million.