Friday, May 4, 2007

Broad Revitalization

Retail to refresh Broadway corner
Brothers building shops at downtown gateway

From the article:

"A $2.3 million to $2.5 million shopping center soon will replace gravel lots and a used-car dealership on the near-southwest side of Fort Wayne."

"Brothers Brian and Tim Straley plan to invest about $1.5 million to construct two multi-tenant buildings at the northeast corner of Broadway and Taylor Street, Brian Straley said"

"The brothers are selling part of the site to another developer, who plans to build a gas station and convenience store at the intersection, Brian Straley said. He declined to identify the other developer involved in the deal. The combined investment in the multi-tenant buildings and gas station is expected to be $2.3 million to $2.5 million, he said"

"Construction on the multi-tenant buildings is expected to start this summer and take about six months. The first stores could open in late summer or early fall, Tim Straley said."

"The shopping strip will benefit from downtown improvements planned as part of the Harrison Square project, Tim Straley said"


Anonymous said...

I'm encouraged to see this type of development, as well as the apparent increased attention Midtowne Crossing and 3 Rivers apartments are getting, that is based (in large part) on merely the Potential of Harrison Square. It's not even started being built yet and it's beginning to have the so-called "catalytic effect" that is hoped for. There is a buzz amongst a lot of younger people about downtown and wanting to be a part of it, and now there is starting to be some additional private sector spending in the downtown area.
I say "hooray!"