There was talk several years ago about someone developing that block. The group who was touting a possible development unloaded it last year to a local land-banker. Here's their "about us" from glasircapitalpartners.com
"Glasir Capital Partners is a boutique real estate investment company based out of Phoenix Arizona. We specialize in the acquisition and disposition of real estate assets offering deep value added opportunities (distressed debt, REO assets and assets in foreclosure). During the downturn, the company acquired and resold over 1,000+ single family homes and then transitioned into purchasing, repositioning and selling office and multifamily assets around the country. We have recently expanded our scope to include the development, ownership and management of a hybrid single family detached rental product known as "horizontal apartments". The company historically and currently continues to assemble strategic parcels of land which are then entitled and resold to various developers."
The group who owns the parcel directly south of The Stewart is an apartment developer who does primarily senior housing. They also own the Westward Ho. I'll eat my sock if anything significant happens with that parcel in my life time.
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Mr. K the monopoly man
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