“The Hole” is getting spruced up for new development
Fri, 05/10/2013
It’s been around five years since big earth movers have been sighted in “The Hole,” an infamously stalled West Seattle project at the northwest corner of Fauntleroy and Alaska, but signs of life showed up the week of May 6.
Madison Development purchased the property at 3922 S.W. Alaska St. in 2011 for $32 million after it had sat dormant since 2008, when developer Bluestar ran into financial difficulties and pulled the project plug. Madison’s plan is to build a seven-story mixed use building with one and two bedroom apartments and an L.A. Fitness Center at street level.
Seattle’s Department of Planning and Development bypassed the design review process for the building because it will eventually appear very similar to the original concept that was supposed to house a Hancock Fabrics and Whole Foods. That original plan passed the design review process.
For more information, please see our prior coverage found here.
The Spruce website is found here.