A highly strategic acquisition. That’s how the CEO of Erie Downtown Development Corporation (EDDC) is describing 8 properties the group has just bought. John Persinger says key portions of these properties are being under utilized.
“The idea is to bring some ground floor commercial places and some market rate housing on the second, third, and fourth floor,” said Persinger.
Under the terms of the sale Sherlock’s and Park Place are ending operations. The other tenants have elected to remain in place and will continue business one of them is Tandoori Hut owned by Dharma Gurung.
“It’s good for us if they do new things people will see,” said Gurung.
These properties are all on the same block. One on W 5th Street, one on State Street, and six on North Park Row. EDDC plans what they are calling exciting and fun ways to spruce up and activate the empty spaces.