The city of Issaquah has signed off on a permit to remodel the vacant 49,516 square-foot former Albertsons building at 5530 East Lake Sammamish Parkway into a two-tenant building, with Value Village being the primary tenant.

The building has been vacant for almost five years, with the exception of the Spirit Halloween Store occupying it during Halloween season.

Savers/Value Village, based in Bellevue, touts it’s business model as “one of the largest recyclers of used goods in the world, saving more than 600 million pounds of quality merchandise from landfills each year.”

The building is managed by Merlone Geier Partners, a private real estate investment company focused on the acquisition, development and redevelopment of retail and retail-driven mixed-use properties on the West Coast according to its web site. Its main offices are in San Francisco and San Diego.

External improvements will include canopy reductions and additions, new storefronts and repainting.

Jason Rogers, associate planner for the city, said at this point he knows of no other tenant for the building. Value Village will occupy approximately three-fifths of the space.

Rogers said the applicant, DDG Architects, has not picked up the permit yet.