project-update 3509

Phase I: Ten of the 11 Mercer Historic units have sold, and a sale is pending on the final unit. Only one of the five Mercer Townhomes remains unsold. One Mercer, the 12-condo new-construction building at the corner of Vine and Mercer, will be on the market in February.

Phase II: Finishes are underway in 7 of the 10 rehabs. Insulation is in 2 others. Turnover of 3-4 of the buildings to McCormack Baron is expected by the end of January, and McCormack Baron leasing offices will be moving in. Roofing and rough ins are underway on the new construction building on Walnut.