The City of Sequim recently received a grant for consultants to help strategize best-use development options for property formerly linked to Fred Meyer by U.S. Highway 101.
Sequim City Manager Charlie Bush said they learned on May 18 the city received a $50,000 grant from the state’s Department of Commerce Community Economic Revitalization Board for the development of a sub-area plan for the Bell Creek Economic Opportunity Area, formerly known as the Burrowes property.
City staff said funds pay for a planning consultant to provide information on the best fit for the 52-acre property with a site analysis, market analysis and direction for future development.
Sequim city councilors committed to $5,000 in February with former property owner Fred Mc-Conkey committing $12,000 as part of a matching grant.
McConkey sold the property about a month ago to Bell Hill resident William “Bill” Holt.
The 52-acres originally was part of a 77-acre property east of North Sequim Avenue that failed to sell at auction in November 2016.
Former co-owner Mark Burrowes, a broker with John L. Scott, and McConkey, a developer, exchanged ownership of the property with McConkey taking on three parcels.
The property had been in Burrowes’ family since the 1920s and Fred Meyer often was reported as an anchor tenant for the proposed property in recent years but the capital committee for Kroger, Fred Meyer and QFC’s parent company, didn’t approve the project in 2004 because they didn’t want the two competing in Sequim.
Holt, a 73-year-old retired electronic engineer, founded Holt IC in Mission Viejo, Calif,. in 1976 and moved to Sequim in 2003 with his wife. He officially retired from his company in 2013, which continues to employ about 80 people making integrated circuits components for aviation electronics applications, he said.
“The city realizes there’s a need for what they call higher income jobs in this area,” Holt said. “What that translates to me is high tech — software, hardware.”
His hope for the Sequim property is to create “a campus of low profile attractive hi-tech buildings in a park-like setting,” he said.
Other tenants could be educational and/or professional offices but “hopefully the (commerce grant) study will find that this option will work along with other interesting possibilities.,” Holt said.
He’s also hoping the property fits his new business, Sequim Tek, which he said focuses on developing, assembling, and selling USB connected benchtop development tools for electronic engineers and technicians.
Holt doesn’t plan to hire though until he tests his first product and the market later this year, he said.
Before the November auction last year, the 77-acre property was last listed at $3.5 million and then at $1,860,000.
Holt said his 55-acre portion was last appraised at around $1 million and he bought it for $600,000.
When the property went to auction, Holt said he didn’t consider it because of the asking price.
“I didn’t dream I could buy it for what I bought it for,” Holt said.
About the property
Holt and city staff plan to work with Ed Hovee &Co. and Berger ABAM of Vancouver to conduct the study to pinpoint challenges and possible solutions for the area’s issues such as handling wetlands on the property’s south edge and Bell Creek and finding access to utilities and transportation.
City staff said they look to protect sensitive areas such as the native Garry oak grove through the planning, too.
A draft of the plan is expected by November of the plan with a final draft in January 2018, Holt said.
Holt’s property is part of an Economic Opportunity Area, formerly known as a mixed-use zone, which the city’s Comprehensive Plan states is “comprised of large, underdeveloped lands with access to U.S. Highway 101 and other infrastructure as venues to expand and diversify the city’s economic base and increase living-wage employment opportunities.”
The city has two proposed Economic Opportunity Areas through the Comprehensive Plan with the first at Holt’s property and a second east of North River Road comprising of about 85 acres.
“I’d like to see the result of what happens to the property benefit everybody,” Holt said. “Not just myself.”