Red Door Interiors, the downtown Olympia home decor business, is set to close this summer, but not for the reasons some people think.
“We would not be anywhere else,” Lara Anderson said proudly about downtown and the business she has owned and run with her mother, Kathy Lathrop, for nine years.
And all those years were spent downtown, beginning at Courtyard Antiques, an antique mall, followed by a storefront on Fourth Avenue, and now the current location at the corner of Washington Street and Fifth Avenue.
Instead, Anderson and Lathrop are closing the shop because they are busy doing other things, including signing a licensing deal for their RD Shady, a patent-protected lamp shade cover that zips on and off over a lamp shade. Anderson also will continue to do interior design on the side, and for a local contractor.
Lathrop, although ready to enter semi-retirement, will continue to do custom home decor sewing, such as for pillows, duvets and other items, she said. She also is available to customize the RD Shady with different fabrics.
Both are keeping their fingers crossed on the licensing deal, which was struck with a Florida-based wholesaler and manufacturer. The RD Shady is expected to roll out to stores throughout the country in the next 60 days.
Anderson once pitched the RD Shady to the TV show “Shark Tank,” and became a finalist in 2012, she said, but then she was cut before filming began. On the show, entrepreneurs pitch their ideas to a panel of potential investors.
Red Door Interiors expects to close at the end of August. But first they need to find a tenant to sublet the space because they still have time left on their lease. So far they’ve heard from about five potential renters to fill the 1,200-square-foot spot, Anderson said. The business at 430 Washington St. SE faces the toy store Captain Little.
Red Door also plans to come full circle and open a small display at Courtyard Antiques, featuring the RD Shady, light fixtures and some furniture.
Courtyard Antiques owner Mary Corso said Anderson and Lathrop were some of the original dealers in the store 11 years ago.
“I’m happy to have them,” Corso said. “They are an asset.”