Barbee Mill Sale to Vulcan Northwest Nears

RENTON, WA-Paul Allen’s Vulcan Northwest Inc. is close to a purchase deal with the Cugini family for the 20-acre Barbee Mill property on the city’s southeastern waterfront.

Susan Carlson, the Renton’s economic development director, announced the “serious negotiations” during a public hearing before the City Council to discuss a Port Quendall development moratorium enacted last month. Both parties hope to finalize an agreement before next Monday, said Carlson at the hearing.

Neither the Cugini family or Vulcan Northwest could immediately be reached for comment. The Cuginis previously rejected an $11-million purchase offer from Vulcan. The King County assessor estimates the property is worth $16 million.