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Mayor Justin Taylor is close to completing his first downtown development project through his private company Lapera-Taylor Development LLC, the renovation of the former Newberry’s building as the new location for Northwestern Human Services. And, with that project nearing completion, he recently told the NEWS what his next projects will be.
Retail/Apartments (29 Salem Ave.)
Taylor: “I’m in the process of finalizing the financing to acquire this property, where Romano Floral and Mr. B’s are currently located. In the interim, I’ve taken a lease on the entire property and I’m subleasing the spaces to the tenants. As far as the project itself is concerned, those retail spaces will remain the way they are. We’ve begun renovating the two apartments above those spaces, both of which are three-bedroom apartments — one on the second floor, the other on the third floor. They should be available for rent shortly.”
Retail spaces (16-20 Salem Ave.)
Taylor: “I’ve acquired the former Texaco station, located across from Royal Pizza, and that will be my next project. I’m hoping we’ll be able to open two or three small retail spaces there. That renovation project will probably get started around the first of the year.”
Future projects
Taylor: “I’m going to continue acquiring downtown projects for development through this company. The company was actually founded to specialize in both residential and commercial properties, but because the housing market is so bad right now it seems to be more commercial to this point. For that reason, it looks at least for now like mixed-use and commercial projects will be my focus.”
Mayor Justin Taylor is close to completing his first downtown development project through his private company Lapera-Taylor Development LLC, the renovation of the former Newberry’s building as the new location for Northwestern Human Services. And, with that project nearing completion, he recently told the NEWS what his next projects will be.
Retail/Apartments (29 Salem Ave.)
Taylor: “I’m in the process of finalizing the financing to acquire this property, where Romano Floral and Mr. B’s are currently located. In the interim, I’ve taken a lease on the entire property and I’m subleasing the spaces to the tenants. As far as the project itself is concerned, those retail spaces will remain the way they are. We’ve begun renovating the two apartments above those spaces, both of which are three-bedroom apartments — one on the second floor, the other on the third floor. They should be available for rent shortly.”
Retail spaces (16-20 Salem Ave.)
Taylor: “I’ve acquired the former Texaco station, located across from Royal Pizza, and that will be my next project. I’m hoping we’ll be able to open two or three small retail spaces there. That renovation project will probably get started around the first of the year.”
Future projects
Taylor: “I’m going to continue acquiring downtown projects for development through this company. The company was actually founded to specialize in both residential and commercial properties, but because the housing market is so bad right now it seems to be more commercial to this point. For that reason, it looks at least for now like mixed-use and commercial projects will be my focus.”
