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Ken Blodgett, a major figure in the evolution of the Wenatchee riverfront development planning has put 4.7 acres up for sale for 3.5 million dollars. This is property that was slated for condos.
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7 Comments on Wenatchee Riverfront Development
How is life in Bellingham?
Carol He did mention his client is 68 years old and needed to kick back...no big deal....but is it for him to tell the public, whom are not making an offer in writing.
Does Blogget see the need for condo's slowing....is this so everyone in town can gossip about it.....It will probable take a year after the sale to do a feesability study, and 6 months to have plans drawn up, another 2 or 3 years to build it before puting it on the market, for Realtors to start listing and selling them. The first 50% is going to be hard to sell until they turn it over to the Condo association....so you looking at 4 years down the road. Hopefully we will have anew governor. We will be starting to elect a new President again, and no one knows how the economy will be 4 or 5 years from now...that is why Investment property is called "speculating" because we can only hope for a good return.But won't that be wonderful, more housing for you to sell or bring in buyers.
The development has already been approved by the city as part of the comprehensive plan, so there will be no long drawn out feasibility period... unless, of course, the new buyer wants to do something completely different. The City wants this development.