project-update 3352

Phase I: Eight of the 11 Mercer Historic units have sold, and two are under contract. Marketing materials for the new Mercer Townhomes (5 units) are available on line and the homes are on the market. The One Mercer mixed-use building on Vine Street (12 units) is scheduled for completion in January 2013. The Vine Street sidewalk has been poured and has reopened to pedestrians.

Phase II: Drywall is underway or complete in 5 of the 10 rehabs. Paint and finishes have begun in two of them. On the new construction building, wood framing is complete through the 3rd floor.