One battle over The Showbox in Seattle is officially over. But more struggles are ahead, as the property owner wishes to the sell the building, and Seattleites wish to preserve an iconic piece of local history.
The owner of the building (that is home to The Showbox) and the city of Seattle reached an agreement Tuesday. According to that agreement, the city will give $915,000 to the owner of 1426 First Avenue LLC to cover its attorney fees and other costs from a recent lawsuit.
“Our settlement with the City of Seattle allows for a return to a consistent and fair application of the city’s regulations governing 1426 First Avenue,” said Aaron Pickus with 1426 First Avenue LLC. “We are also pleased that our settlement with the City of Seattle includes a contingent option for a third-party allied with the City to potentially purchase the property for $41.4 million – the owner has always been open to consider any serious purchaser that offers fair market-value.”
Why Seattle Councilmember Abel Pacheco voted against Showbox protections
Concern was raised in August 2018, when the building went up for sale. Tentative plans were for a company based in Vancouver, B.C. to purchase the property and develop it into a 44-story apartment tower.
The city previously attempted to “spot zone” The Showbox, expanding the Pike Place district around the property. The owner sued for lost revenue from the sale. That led to a judge knocking the city’s plan down in June, stating that the temporary historical district designation approved

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