Here’s a fun off-beat weekend story. Casket factory to become condo complex?
While the real-estate market is cooling in some parts of the U.S., demand continues to surge in the Seattle area. That has prompted developers to step up their search for properties — even old, abandoned addresses.
The North Coast Casket Factory, a red timber building used to assemble and store caskets for 71 years, was scheduled for demolition until the Port of Everett decided to seek bids from developers.
Now it might become meeting space or artists’ live/work lofts as part of a $300 million, 600-condominium redevelopment of the Everett waterfront.
The funny thing is that the article goes on to talk about how demand is still going up and supply is going down compared to a year ago, when in fact we know that the opposite is true. I think the way they get their numbers is by focusing only on downtown Seattle, which is amusing considering that the story is about a casket factory in Everett.
(Pham-Duy Nguyen, Seattle Times, 05.27.2006)