Thursday, September 23, 2010

Developer of Curtis Chevrolet site (still) seeking funding

I placed a call over to Foulger-Pratt to ask if we could expect any movement on development at the Curtis Chevrolet site in the near future. Apparently the developer has been having so much trouble finding financing for its initial plan, which envisioned 399 apartments above 40,000 square feet of ground-floor retail, that they're redesigning the plan to exclude the residential aspect and focus entirely on retail. The developer is hoping this will expedite financing, as lenders are more willing to take chances on retail developments than on mixed-use ones these days.

I'm damn hungry for something to happen at this site. If done right it has so much potential for Brightwood.

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