In case you wondered too: About the ex-crane yard on Harbor Avenue

It’s been a while since the Heko Services crane yard cleared out of the property known as Pier 1 at 2130 Harbor Avenue SW, just southeast of Salty’s on Alki (WSB sponsor). Several readers asked if we know anything about its future – maybe a redevelopment plan? Nothing new in online records, but the site is currently listed for lease, described as:

154,076 SF available, 3.5 acres land
$0.40/SF per month, NNN
Zoned UI U/85
Fenced and graveled

That’s from the flyer; the listing page on the Commercial MLS site also notes that this is “yard only” because “existing piers are not usable.” (Online records show a proposal four years ago for “a commercial grade pier and an adjacent marina facility.”) The listing page suggests the site might be a “great contractor yard, truck storage yard.” The site has a long backstory, including efforts to rezone it away from industrial use. The “UI” in its current zoning stands for “urban industrial,” a revision that was part of a zoning overhaul last year.

Daniel April 7, 2024 (3:19 pm)

So back of the napkin, to lease that whole place you’d expect a company to be pulling 10-20x of the rent in revenue (probably on the higher end given that it’s practically a vacant lot). I guess it makes sense why heko cleared out given the rent costs then.