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Real Estate Buzz
 Brian Miller Real Estate Editor |
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May 30, 2019
On the Block: Why a warehouse owner is ‘bullish' on the Rainier Valley
By BRIAN MILLER
Real Estate Editor
Real Estate Editor
Back in 2006, through an LLC, Gary Bodenstab and partners paid almost $3.7 million for a full block in the Rainier Valley. He's the CEO and a majority owner of Johnson Barrow, the 50-year-old HVAC manufacturers systems rep that has its offices there, at 2203 23rd Ave. S. Its 10,000-square-foot converted warehouse building dates to 1930.
The almost 1.2-acre block was recently upzoned to 75 feet. Most of it is currently overgrown and used for parking.
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Previous columns:
- On the Block: An older Capitol Hill apartment building could get a new neighbor, 05-23-2019
- On the Block: The other big development planned near — but not in! — the Spring District, 05-16-2019
- On the Block: SRM to develop Google campus expansion in Kirkland, 05-02-2019
- On the Block: Expensive lessons on the Pike-Pine Corridor, 04-25-2019
- On the Block: State Hotel at 2nd & Pike joins the crowd, 04-18-2019
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