Rumors aside, QFC has not bowed out of deal to build a new QFC on the site of the Metropolitan Market on Upper Queen Anne Hill, according to Irving Sonkin, a spokesman for the owners of the property.
Nonetheless, he conceded, owners Christina Cox and her two aunts are far from coming to an agreement with QFC over a mixed commercialandresidential project that has sparked objections from a huge number of neighborhood residents. "The contract between us, it's sort of in limbo," Sonkin said. "We are certainly reviewing our options."
That's not to say talks have broken down completely, and work continues on a Master Use Permit application, he said. "But neither side is willing to commit to each other."
Construction costs are an issue, something that was pointed out when QFC indefinitely shelved a similar mixeduse at the corner of Stone Way Ave. N and 40th St.
"Obviously, what happened at Stone Way creates a lot of concerns for us," Sonkin said. Construction costs have been increasing 1 to 2 percent a month lately, he added. "As you can imagine, it's kind of hard to plan with those numbers."
Bottom line is that a residential component is still part of the project planning, according to Sonkin. "The question is, what will we do with the commercial [space]?"
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