By Doug Petrowski
The Arbor Village development on the southeast corner of 56th Avenue West and 236th Street Southwest is still more than eight months from opening, but the push for filling the first-floor commercial space has begun. The leasing broker for the project has started contacting perspective business tenants, and wants input from local residents as to who should be recruited to set up shop in the building.
“The goal is to place a mix of local and national tenants that create an amenity for this growing community,” said Blake Taylor, a commercial leasing broker for Ewing & Clark. “We are actively marketing the pre-leasing of the building, but want to hear feedback from the community as to what food and services that they would like to have available in their community.”
While the second through fifth floors of the Arbor Village complex will be residential apartments, the first floor is made up of approximately 10,000 square feet of commercial space. Current floor plans now show six available spaces for lease ranging from 724 to 2,495 square feet. The building will also have designated customer parking set aside in its underground parking area to meet the needs of the businesses located there.
“We’ve got some pretty good spaces,” Taylor noted.
While there has been speculation as to what businesses might choose to move in, no leases for any of the commercial space at Arbor Village have been signed as of yet.
“We are hoping to get some cool and hip tenants,” Taylor noted. “A new brew club, a new restaurant, maybe a yoga studio,” he said, providing suggestions that he hoped would spur community discussion about other possibilities.
When it comes to restaurants, there is a limitation; the first floor commercial space has only one cooking hood vent that extends to the roof of the five-story building, allowing for only one restaurant that cooks on a grill. But that leaves open the opportunity for a coffee shop, a soup and sandwich eatery, or an ice cream or frozen yogurt counter to be in the mix for tenants beyond just a hamburger joint or steak house.
In today’s economy brokers must pursue businesses to lease commercial space in new buildings, Taylor explained, and not just sit, hope and wait for their phone to ring. “If we don’t get active out there the space is going to sit vacant, or we’re just going to get poor tenants,” he said.
Taylor also recognized the importance of the Arbor Village project to the future development and character of the Town Center area of Mountlake Terrace. “This is the project that will pave the path for other buildings that may come to the city,” he said.
Interested prospective tenants, or anyone interested in additional information about the commercial space available at Arbor Village, can call Ewing and Clark in Seattle at 206-441-7900.
The Arbor Village Apartments is the first five-story mixed-use development in the Town Center area of Mountlake Terrace since the February 2007 change in city code that allowed such projects. It is expected to open its doors in August 2013.