“The Stanley Automotive Building is a classic from Capitol Hill’s iconic turn of the century "Auto Row” days." said Michael Malone, founder and owner of Hunters Capital, LLC.
Seattle, WA (PRWEB) April 02, 2012
Seattle-based development and property management firm Hunters Capital, LLC announced that it has purchased the property at 401 E. Pine Street on lower Capitol Hill for $3.85 million and will restore the building’s façade to original stature. http://www.hunterscapital.com/realestate.html
The property, built in 1916 by the J.M. Colman Company, was known originally as the Colman Building but more recently as the Stanley Automotive Building after the building’s first occupants. It was originally designed as a garage housing a variety of auto-related businesses that also included Cox Motor Car Co., Reo Truck, Co., Robert Taylor auto repair and the United Motors Co. Inc. Today, the building houses Area 51, a local design and home furnishings showroom specializing in retro chic, salvaged and modern furniture.
The purchase and planned restoration for this 19,000 square foot, two-story property marks the fifth Capitol Hill sustainable restoration project for the firm – specifically targeting the buildings that served the neighborhood’s early 1900s “Auto Row.” Hunters plans a $200,000 investment over the next six months to restore the building’s façade to original stature.
“The Stanley Automotive Building is a classic from Capitol Hill’s “Auto Row” days. We are honored to be the new owners and will work carefully through the restoration process, remaining sensitive to the historic integrity of this iconic turn of the century building,“ said Michael Malone, founder and owner of Hunters Capital, LLC.
To date, Hunters Capital has restored and revitalized four Capitol Hill and Pike/Pine buildings as part of its commitment to preserve Seattle’s historic neighborhoods and has repurposed them to meet the growing needs of today’s technology-driven startups and creatives. While many new developments have begun to take shape in the historic neighborhood, a valued and select number are original stock or have been rejuvenated for today’s residents, retailers, restaurants and businesses. The Stanley Automotive Building is Hunters’ latest effort to preserve what was once Seattle’s “Auto Row” and to build a broader base of commercial business and day time retail fostering a diverse neighborhood and community.
About Hunters Capital LLC
Hunters Capital LLC is a multi-faceted, boutique real estate firm committed to the preservation and revitalization of Seattle’s most historic neighborhoods through the development, ownership and management of commercial and residential properties. Founded in 2001 by owner Michael J. Malone, Hunters’ portfolio of seven properties is rich in history and character, capitalizing on the urban diversity and vibrant nature of the Capitol Hill and Pike/Pine communities and committed to the balanced development of the Pike/Pine Neighborhood and business district. For more information, visit http://www.hunterscapital.com or call 206-328-3333.