Update: Two lawsuits stall Fauntleroy Place project
The Fauntleroy Place Development, which was planned to include both residential units and retail space, including a Whole Foods, has been further stalled by two recently filed lawsuits.
BlueStar Construction has filed a suit against Fauntleroy Place LLC, Seattle Financial Group and their subsidiary Seattle Capital for breach of contract. According to attorney Susan Rae Fox, of Ryan, Swanson & Cleveland, BlueStar is attempting to recover unpaid management fees and is "merely seeking to be fairly compensated for the services it rendered."
The total damages amount has not yet been determined.
BlueStar was terminated from the Fauntleroy Place project in December of 2008, a month before Fauntleroy Place LLC announced that they would be selling the property.
In the second lawsuit BAJ Capital Inc. filed action on March 10 against Seattle Capital Corporation, the manager and majority member of Fauntleroy Place, for breach of fiduciary duties in connection with the Fauntleroy Place project.
BAJ Capital is headed by Christopher NeVan, a long-time resident of West Seattle, who first recognized the opportunity to develop the mixed-use project on Fauntleroy.