December 13, 2021 (SEATTLE, WA) –

A development site north of action sports retailer Evo's Seattle flagship has been sold for $14.5 million to development company Evolution Projects, which Evo founder Bryce Phillips operates.

A partnership of two regional companies, SRM Development and Schwartz, sold the nearly three-quarters of an acre property (3524 Stone Way N.) where they were planning an ultra-green five-story mixed-use office project called 35 Stone. Earlier this year they listed the property with Lee & Associates.

The acquisition gives Phillips and his Evolution Projects partner Ira Gerlich control of the whole block. They began assembling the block about 10 years ago and initially built the Fremont Collective, which is home to the Evo store and two acclaimed restaurants, The Whale Wins and Joule.

"We're looking at (the block) as one cohesive customer experience that can really engage the community in a special way," Phillips said. He and Gerlich strive to enhance neighborhoods by building on the characteristics of the place.