Quote:
Originally Posted by Labroco
Tecumseh & Notre Dame parking lot has been sold for imminent development. This is a market driven transaction. The sale price and after tax proceeds far exceeded the lot’s existing cash flow for the foreseeable future. A win for seller and buyer it seems. A residential development was discussed during the transaction but I would not be surprised to see a grade level clinic with parking.
If there is a use for parking lots other than parking they will get developed. In this case subsidized hospital parking drove down income making a sale possible for a willing buyer and seller.
I’m hopeful it will be a nice building for this stretch of Notre Dame. If I was 20 years younger I might have developed it myself ...
|
Is that the old Shell service Station lot?
Threaded Mode