I'm usually pro-development, but I'm actually sad to see the Paragon Paint Factory go for purely sentimental reasons. Back in 2010 when I was first starting in architecture, my girlfriend and I measured and drafted up this entire complex (which I believe is three buildings in total). The owner at the time was planning to convert it into a massive bar / event space - unfortunately he tragically passed away before he could see his vision through.
The factory had been abandoned for years and was fascinating to wonder through. The current owners should commission photoLith to photograph it to add to his Abandonment series before its razed. Here are some photos I took inside:
IMG_0946 by
scottbarnholt, on Flickr
IMG_0947 by
scottbarnholt, on Flickr
IMG_0982 by
scottbarnholt, on Flickr
IMG_1003 by
scottbarnholt, on Flickr
IMG_1004 by
scottbarnholt, on Flickr
IMG_4625 by
scottbarnholt, on Flickr
IMG_4626 by
scottbarnholt, on Flickr
IMG_4627 by
scottbarnholt, on Flickr
That said, I'm sure SHoP will do something great here.