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Builder Unloads Pang Site for $2.75 Mil

SEATTLE-A residential real estate developer has sold the Pang frozen-food warehouse site to a longtime commercial landlord who owns the rest of the block on which the warehouse sits.

By Gina Binole | Updated on July 23, 2001

SEATTLE-Kauri Investments Ltd. has scrapped plans it proposed a couple of years ago to build apartments on the infamous Pang site, where four firefighters were killed battling an arson blaze. Instead, it has sold the property to developer Paul Chow for $2.75 million.

Chow is expected to develop a project that would include the entire block, which is flanked by Maynard Avenue South, South Charles Street, Seventh Avenue South and South Dearborn Street. The specific nature of the development is not known, but Chow reportedly is weighing the economy and considering several options, including an office building.

Chow, who has been a commercial property owner in Seattle for the last two decades, transformed the Crescent Foods building on the Pang warehouse block into about 15,000 sfof office space aboutt a year ago.

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