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August 03, 2017

On the Block: Fresh chowder, anyone? Chandler's Cove redo by Vulcan will create a 'world-class destination'

Seattle Daily Journal of Commerce

Brian Miller


Before Amazon, before voters rejected the Seattle Commons (twice), before Paul Allen began buying up land in South Lake Union, there was Wally Trace. He's the guy who, during the mid-1980s, developed Chandler's Cove and an adjoining strip to the north along Fairview.

Reached by phone on a golf course in Pendleton, Oregon, where the temperature was 105 degrees, Moscrip says he doesn't know what Vulcan wants to do with Chandler's Cove. "We'd love for them to be a bit more transparent. There's all kinds of rumors. But we'd love to stay."

Moscrip has no idea what rents Vulcan might charge in the future. And, critically, "We can't move twice. It's too expensive, too distressing."

For that reason, he and architect Chin-Ley/Reche Associates are investigating nearby properties to the north along Fairview where he might build or lease restaurant space.

"We're looking now," Moscrip says. "Hopefully we'll find it. We've got 16 months." Bob Conrad of Kidder Mathews and independent broker Al Mayes are aiding in the search.

Suitable restaurant space on Lake Union is scarce, he says. Right now, the Chowder House has about 2,800 square feet, plus an outdoor patio. "We'd like to have about 4,000 square feet."

Ironically, one such property might be the old site of his Duke's Yacht Club restaurant, which operated for about five years in the early 1990s, on land just north of Chandler's Cove.

In general, says Moscrip, "We wanna stay in the neighborhood and we wanna stay on the water. We love our location. It's killer, with Amazon and so much more housing. Even with the Mercer Mess, we did well. So many restaurants feel the same way."

In the meantime, says Moscrip, "At Lincoln Square, we should be open by the end of the month." He compares his new Chowder House in Bellevue to Pike Place Market or a food hall, with an open entry and more casual vibe.

Got a tip? Contact DJC real estate reporter Brian Miller at brian.miller@djc.com or call him at (206) 219-6517.

For the full story, go to Seattle Daily Journal of Commerce.

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