The owner of the Seafood Shack extended its timeline to consider three offers to purchase the properties, including the restaurant at 4110 127th St. W., Cortez.
Property listing agent Elliot Rose told The Islander June 12 consideration would take place over the next two weeks, pushing acceptance into late June.
“We’re considering the nature of the property,” Rose said. “The proposals that came in, each has its own merit and we are examining each one and getting back to them and then we’ll make a decision.”
Rose declined to identify potential buyers.
Owner Vandyk Properties, a Canadian-based development company, listed the Seafood Shack and surrounding properties for sale April 13 starting at $15 million.
Vandyk is a privately owned real estate development and investment management company specializing in luxury condominium developments.
A listing by Coldwell Banker on Crexi.com shows the listing package is for a 5.6-acre parcel and its submerged land lease.
Vandyke opted out of future development of the property after realizing incompatibility with their objective to create a luxury condominium development, Rose said.
The Seafood Shack property is zoned for commercial use.
Vandyk bought the property in 2014, including the 650-seat restaurant and banquet hall, 100-slip marina and 6 acres. The purchase also included Annie’s Bait and Tackle Shop, 4334 127th St. W., and a homesite at 4327 127th St. W.
The marina was built in 1971 by Ham Jones, who built the restaurant a year later and operated the business until the sale to Vandyk.
Rose said the most likely outcome for the property’s future is to remain a restaurant and marina.