Nordstrom Rack is coming to west Olympia this fall, retailer announces
Nordstrom, long-rumored to be coming to Olympia, has made it official, announcing they are going to open a Nordstrom Rack in west Olympia this fall at Cooper Point Marketplace.
Nordstrom Rack is the company’s off-price, sister-brand department store chain founded in 1973.
Cooper Point Marketplace is a shopping center on Cooper Point Road Southwest, near Black Lake Boulevard, that is home to Five Guys Burgers, HomeGoods and Ashley Furniture. The store will measure 32,000 square feet, Nordstrom officials say.
The Olympian reached out to Nordstrom for more details about the store. Stay tuned, a spokesperson replied.
“We will continue to add more details as we approach the opening season,” their email reads.
Leonard Bauer, the city of Olympia’s Community Planning and Development Director, confirmed the store is coming here, adding the city has issued permits for tenant improvement work at the site.
Nordstrom last had a store in this area at South Sound Center in Lacey in the early 1990s. It was called Nordstrom Place Two.
Other business happenings
Sandstone Distillery in Tenino has received a $200,000 grant from the state Department of Commerce. The money was awarded through an Evergreen Manufacturing grant, according to the state.
In brief comments to The Olympian, owner John Bourdon said the money will go toward relocating the distillery to downtown Tenino on property they already own, he said.
They don’t have an address just yet, but the new building will be built in the area of the intersection at Old Highway 99 and state Route 507. However, Bourdon emphasized that the journey is just beginning.
He doesn’t think the move will be complete until 2026.
Velvet & Shag, which began as an Etsy shop in 2010, is opening its first storefront in Olympia at 4528 Maple Lane SE, off Henderson Boulevard Southeast near the Briggs YMCA.
The shop will celebrate its grand opening from 6-8 p.m. Saturday, April 15. The store will be open Wednesdays through Saturdays and by appointment, according to an email from owner Julie Childers.
“The new shop will feature its hottest selling products, including vintage rugs and throw pillows from Turkey and Morocco,” she writes. “All are handmade with wool and cotton and colored with natural dyes.”
Childers describes herself as an “obsessed interior design addict who is always on the hunt for inspiration that I can use to decorate both my own and other people’s homes.”
The Thurston County Chamber of Commerce has announced the winners of its Thurston Green Business Awards, which recognize businesses and organizations that operate in environmentally sustainable ways.
The winners:
▪ Small: Treasure Chest, a secondhand furniture store in Olympia.
▪ Medium: Capstone Solar in Lacey.
▪ Large: The Evergreen State College.
▪ Municipal: City of Olympia.
Washington Business Bank, which operates in downtown Olympia, earned a first-quarter profit of $388,138, up 52 percent from the same period in 2022, the bank announced.
Year-over-year loans for the same period also rose better than 9 percent to $85.7 million, and non-performing loans represented only 0.30 percent of assets at the end of the first quarter.
The bank highlighted its small number of non-performing loans in light of recent bank failures, including Silicon Valley Bank in California.
“Our success and financial strength are proof that bigger isn’t always better,” President and Chief Executive Jon Jones said in a statement.
Total deposits also rose 2.7 percent to $79.5 million from December 2022.
Washington Business Bank’s stock trades under the ticker symbol WBZB on the OTC Marketplace.
If you know of a retailer, restaurant, coffee shop or other business that is opening, closing, expanding, remodeling, or changing its focus, send an email to reporter Rolf Boone at rboone@theolympian.com.
