Former Sears site in Washington state had big plans. Will it ever be developed?

When Sears made its retail exit from the Puget Sound region with its last store in the area closing last year, at least one property was envisioned as a new development not far from the Microsoft campus, with shops, apartments and restaurants.

Now that property is among the last in its owner’s portfolio.

Seritage Growth Properties, a real estate investment trust spinoff from Sears Holdings, lists just a few properties remaining in its portfolio nationwide…

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