(WSB photo of ‘The Hole,’ May 2011)
When we first reported back in June about a settlement ending the legal battle over “The Hole” — the excavated-then-stalled development site at 39th/Alaska, once known as Fauntleroy Place — we noted that the court case was technically kept open for one last matter to be overseen by Superior Court Judge Susan Craighead — the foreclosure sale of the property.
Today, court documents were filed to officially order that sale.
No date yet. Earlier this year, a sale date was briefly in place, till the entity that has hoped to take over the site – 3922 SW Alaska LLC, a spinoff of Madison Development – got the sale postponed by putting up a bond. In the meantime, the judge suggested mediation and that finally led to a settlement. Full details of that settlement have yet to publicly surface, but bits and pieces of it keep turning up in the online files. Here’s what we reported in June; since then, nothing much except an “order to disburse funds” in late July. We have been watching the files closely, and now we’ll be watching for a sale date. Results of that sale will determine what happens next with the site, once slated for a mixed-use development including residential units and a Whole Foods Market and Hancock Fabrics store.