Benaroya reportedly close to selling former Denny's site

On June 15, the Seattle Daily Journal of Commerce reported that Benaroya Companies is close to a deal to sell the former Denny's/Manning's property on the northwest corner of Market Street and 15th Avenue Northwest.

According to the Journal of Commerce, a buyer signed a letter of intent last week for the property – the future home of the Market Street Landing residential and commercial development – and Benaroya Companies expects the sale to close in two to three months.

Benaroya Companies declined to verify those reports or what a sale could mean to the future of the Market Street Landing development as planned.

After a protracted battle over whether or not the former Denny's/Manning's building on the site qualified as a historic landmark, the building was torn down June 24, 2009. In September 2009, the remaining buildings on the site were torn down, and the property has sat empty since.

After four Design Review meetings, the Seattle Department of Planning and Development approved Market Street Landing, an eight-story development with 261 residential units above 32,307 square feet of retail space, the begin construction in August 2009. A Bartell Drugs was to be the anchor retail tenant.