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(Samuel Glass)'s move clears more space for Pearl expansion

Shown added that while there are no immediate plans for the site, the Silver Ventures team intends to start conceptualizing ideas later this year, with plans starting to materialize by late 2018 or early 2019.

Rio Perla Properties LP, an entity operated by Silver Ventures, purchased the two sites from Samuels Glass Co. back in April 2015, according to documents filed with the county. The company then leased back the space, which encompasses nearly 2.76 acres at 221 Newell Ave. — a site to the west of a Can Plant at Pearl apartment complex, to the north of the Fox Motel site Silver Ventures closed on last year, to the east of the river, and south of Pearl's soon-to-open food hall.

The vacated properties will join a short list of other parcels Silver Ventures is planning to develop over the next few years, steps Shown unofficially described as "Pearl 2.0"

"Now that the main campus is finished out, we still have five major development sites to work with," he said. "The question now is, how do we develop all of those together in holistic way that makes sense?"