Two of the three retail units look ready for leasing. They're all cleaned up and have drywall up. Third unit is still being used for storage of excess furniture.
Also of note, there's a notice saying they are applying to sever the property into two for financing reasons.
Perhaps they're going to split it down the middle, and use the vacant southern half as collateral for financing for the tower on the back half of the northern lot? Just a guess. Maybe by severing, and building on the severed lot, the new building can serve as its own collateral, while preventing potential impacts to the first building in the event of a default. I have no idea how financing works.
Also of note, there's a notice saying they are applying to sever the property into two for financing reasons.
Perhaps they're going to split it down the middle, and use the vacant southern half as collateral for financing for the tower on the back half of the northern lot? Just a guess. Maybe by severing, and building on the severed lot, the new building can serve as its own collateral, while preventing potential impacts to the first building in the event of a default. I have no idea how financing works.