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Old City Hall in downtown Tacoma back on the market

Post by Kathleen Cooper / The News Tribune on Feb. 21, 2012 at 3:18 pm with No Comments »
February 21, 2012 3:18 pm

Sharp-eyed Tacomans noticed this listing: Old City Hall is officially for sale, for $3.5 million.

Now, as a building owner once told me when I asked if something was for sale: “Isn’t everything?” But it’s notable that it’s listed, and I know many of you care deeply about the future of the building.

Building owner The Stratford Group has brought current its $3 million loan with Union Bank, after facing foreclosure a few times. Stratford has owned Old City Hall since 2005 and it’s been star-crossed since then. Full of tenants when it sold, it now stands empty with some floors gutted for condo plans that didn’t materialize, and it has suffered a major flood, the subsequent cleanup, and a small fire.

Historic Tacoma reports the owners had a Feb. 10 deadline to fix windows and loose bricks. I e-mailed Stratford CEO George Webb to see if he had a comment on both the sale listing and the status of repairs. I’ll update this post if I hear more.

The sale blurb has a detail on what Webb’s team has been working on (first revealed last year in The News Tribune):

Redevelopment plans for 81 loft styled apartments are in hand. Would be ideal for an owner user or bring your own creative ideas to this magnificent building.

What are you all hearing?

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