REAL ESTATE: The Kenney puts southwest properties up for sale

| The Kenney | West Seattle news

When The Kenney (WSB sponsor) first announced its “new and different” expansion plan two years ago, the rental properties it owns to the southwest of its campus were envisioned for redevelopment as an apartment building. Now apparently that idea’s been scrapped, as the sites, which currently hold 15 units (three triplexes, one fourplex and one duplex), are on the market for $5.2 million, under the umbrella “The Kenney Assemblage.” The retirement complex appears to still be pursuing plans to build new townhouse units to the east of the land that’s up for sale, as they’re being marketed prominently on The Kenney’s website and have been going through the permit process since last spring. It’s now been seven years since The Kenney, under different management, scrapped a $150 million redevelopment plan.

WSobserver December 11, 2018 (6:39 pm)

I saw that SW corner of the Kenney for sale on Zillow and Redfin.According to those two websites the property is Bank Owned after foreclosure. The Kenny doesn’t own it anymore and isn’t selling it, the bank is. $5.2 million for .64 acres.Kenney management over the last several decades has driven a a lovely place right into bankruptcy.

WSB December 11, 2018 (7:36 pm)

Thanks, I’ll check that out – tried to reach management for comment today while working on this item but they’re out for a week. The assessor’s website still lists the Kenney Property Corporation as the owner of the parcels.
- WSobserver December 11, 2018 (7:57 pm)
  
  https://www.zillow.com/homes/for_sale/Gatewood-Seattle-WA/2086768181_zpid/344022_rid/globalrelevanceex_sort/47.551317,-122.368148,47.523562,-122.4066_rect/14_zm/From Redfin, https://www.redfin.com/WA/Seattle/7144-47th-Ave-SW-98136/home/148437133Financing, Location Details, Listing Information –
  - Reviewed on Receipt
  - Possession: Subject to Tenant’s Rights
  - Bank Owned
  - WSB December 11, 2018 (8:10 pm)
    
    I saw that small notation. Looking for other substantiation and will be researching once we’re back home after tonight’s community-meeting coverage.
- Heritage National Sales Director December 12, 2018 (8:17 am)
  
  There are so many exciting things happening at The Kenney, that it would be impossible to include everything here but I do want to share this overview of the current plans, which call for complete renovations of all existing buildings and apartments, the improved Memory Care unit referred to above, brand new elevators, and perhaps most importantly a brand new dining facility to be built above the current Memory Care unit. This new dining facility will provide a variety of seating options and provide a better flow of traffic through the community for residents and guests alike. President Smeltzer stated, “Due to the financial struggles The Kenney had prior to their affiliation with Heritage, The Kenney was unable to keep the facilities up to date and provide the amenities which a retirement community in today’s market is expected to provide. We are working hard to overcome these obstacles to create a safe, secure, and appealing environment where seniors from West Seattle and beyond can find an affordable option for retirement with a continuum of vital services. We believe this can best be accomplished by accessing the capital that currently exists in the community rental properties on 47 Ave. SW and using it to bring The Kenney up to current standards while assuring that we maintain its rich history.”
  - LB December 12, 2018 (9:05 am)
    
    Great advertisement for the Kenney:( My mother was in Memory Care there for 4 years and despite their hoopla touting it in 2012 when it opened, it was abysmsal. Caring aides for sure, but just a place to park the residents in front of TV and put all to bed by 6:30pm. No program whatsoever. Management never once visited until they rhought to uproot the MC to the lower level and swung by with the builders in tow. There are more options for MC now in WS. So glad.
David Smeltzer December 12, 2018 (5:18 am)

The property is still owned by Kenney Property Corporation, an affiliate of The Kenney, and is not in foreclosure.
- WSobserver December 12, 2018 (7:58 am)
  
  Citation?
  - John December 12, 2018 (9:08 am)
    
    Citation?1) There are no past due property taxes on these properties according to King County Assessor.2) King County Recorder shows no change of ownership of these. (I closed on property in November and the Recorder already shows the sale, although the King County Assessor’s info has not changed to reflect the sale.)3) Realty listing are often riddled with errors.
  - KBear December 12, 2018 (9:27 am)
    
    Citation: The CEO of Heritage Ministries just said so. Zillow and Redfin are not always accurate in their listings.
  - Former Employee December 12, 2018 (9:59 am)
    
    Yeah I don’t know why it’s listed as one then. Not surprised.

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