project-update 3380

All 11 Mercer Historic units are sold or under contract. Only one of the five Mercer Townhomes are still available. The One Mercer project at the corner of Vine and Mercer (12 units) is scheduled for completion in January 2013.

In Phase II, finishes are underway in 4 of the 10 rehabs. Drywall is underway in 3 others. Turnover of 4 buildings is expected by the end of the year and leasing offices will be moving in. G bldg 4th floor and roof framing is underway.