The Follow-up File

Subject: Admiralty Plaza on Northwest Avenue


What they said then:

In November 2006, The BBJ reported that developers of the proposed Admiralty Plaza project at 4034 Northwest Ave. had decided to advertise the property and its permits for sale.

The site’s owners, Idaho-based Charter Builders and D’LaShaye Development, had received planned-development and design-review permits in July 2006.

The permits were for a 14-story building with retail, office and residential use; an 11-story building with office and residential use; and a two-story retail and office building, all located on 3.8 acres on Northwest Avenue just south of Bakerview Road.


What they say now:

An Idaho-based private equity firm, Idaho Mutual Trust, purchased the property in mid-November 2007.

Managing partner Tom Buuk said it was too early to say what the company’s plans for the site are. He said they would probably know more in a few months.

The firm has no other development projects located in Washington, he said.

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