Sax Floral, Lorig Approved for Mixed-Use Redevelopment

SEATTLE-A Master Use Permit was approved this week for the redevelopment of the Sax Floral property at the intersection of Northeast 65th and 25th, several blocks north of the popular University Village shopping center.

Harold Javete, an owner of Sax Floral and a project manager with Lorig Associates, tells GlobeSt.com that the $7.5-million project will include a 30-unit apartment project with 3,000 sf of ground-floor retail as well as 32 for-sale townhome units. The plan is to start construction in the spring and complete the project in early 2004. Javete says his family will manage the apartment building but a residential brokerage will likely be hired to sell the townhome units.

Sax Floral, which has been located at the site since 1917, will be torn down to make way but will reappear in 2,000 sf of the aforementioned ground-floor retail space, says Javete, who began the project himself before realizing he needed professional expertise. “I found Lorig because I kept talking to people about finding a partner and their name just kept popping up as a company who worked well in joint ventures with owner users,” says Javete, a former commercial real estate broker who ultimately was hired by the company.