The Morning Call has been promoting J.B. Reilly since he started his NIZ enterprise in 2011. In today's promotion, they describe his 15th apartment building as on their former offices. This latest plywood plaza is actually on the distribution end of the former newspaper building, while the offices were on the Linden Street side.
While the other apartment buildings will fall short on their yuppie target for tenants, this latest one aims low, they describe it as affordable housing. I hope it's designed like the old Timex watch, to take a beating and keep on ticking.
On the topic of beatings, this week I visted a couple stores on the south side of Hamilton Street in the 700 block. Between the new center square construction, and the former bank to med school conversion, it takes a lot of will power to patronize those stores. Hope the patients survive the improvements.shown above Eleanor Roosevelt visiting the former Hanover Acres when it was new
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So the old Merchants National Bank is being turned into a medical school? Interesting. Which college is it being affiliated with ?
ReplyDeleteFrom what I understsnd, outside of 9-5 buisness hours for the office workers downtown, Hamilton Street is pretty deserted these days. I saw nothing that interested me downtown the last time I visited, and I don't think anything much has changed since.
Maybe all those apartments that were built along Hsmilton Street will turn into section-8 housing for those who don't have a lot of money to spend
Brent@8:46: It is part of the Jefferson Medical, which absorbed LVHN last year. All of the apartments are being financed by the NIZ (they have a couple storerooms on the first level and no financial scrutiny or oversight) With that unique public financing but private ownership, they prefer vacancies to problematic tenants.
ReplyDeleteMike, you hit the nail squarely on the head!!! ".... they prefer vacancies to problematic tenants." We who live in these environs feel precisely the same... an empty house is a good house!!! What's sad is once the city takes them over, they are off the tax rolls, we the taxpayers must pick up the slack... In our neighborhood, some houses have been off for 20-30 years till the city decides to finally refurbish them. And to add insult to injury, we end up with idiots, sorry to say.
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