The sale of the former burned out Cole's building is complete and new owner Jeff Fraychineaud hopes to open a high-end pub and new apartments in the space. Unlike the last plan for the building, he will not add an additional story or raise the building height. It's too early for building permits or specific plans, but the new owner hopes to get started on repairing the fire damage soon.Fraychineaud owns the Park Way Taverns near Tacoma General Hospital and the Corner Bar near 6th and K Streets, along with about 30 other apartments. His philosophy is to build and maintain nice units with better tenants.
The new owner has met with the town planner and mayor, who appear eager to see the building developed. Fraychineaud has a successful record both as a businessman and good neighbor. He is hopeful for continued support from both town officials and the community. With the on-going upgrade of the adjacent building, things are looking up for our most visible corner!
Karen
6 comments:
Jeff Fraychineaud, welcome to the Town of Ruston!
The Ruston-Point Defiance Business District welcomes and "THANKS YOU" for your investment and commitment in our community.
Our RPDBD meetings are the first Thursday of each month and we enthusiastically invite you join us.
Beth Torbet - RPDBD President
Don's Ruston Market & Deli
Beth Torbet ~ RPDBD President
This could be the start of something big. Others may come and want to buy/lease /refurbish those old crappy buildings through out town.There is so much that could happen with the right business mind. I hope Ruston has some kind of building standards in place. Good luck Jeff. I can't wait to stop by for a burger and beer.
Fantastic News!!!
The Parkway has the best burgers in town. This is just the kind of place we need. I can't wait for the doors to open. Hopefully Ruston does everything they can to make things easy on him to move this project along.
I might be more excited about this than McMenamin's moving into the old Elks lodge downtown. (this is close enough to walk to!)
Was by there this morning Saturday 2-26 and FOR SALE sign is still on building????
My guess is that it takes a few weeks for the real estate agent to get around to removing his sign....
It looks like it sold on 1/25/11 per the Pierce County Assessor's office.
http://epip.co.pierce.wa.us/CFApps/atr/ePIP/sales.cfm?parcel=4655000020
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