A 'broad' development

Retail to refresh Broadway corner
Link: http://www.fortwayne.com/mld/journalgazette/business/17177937.htm


From the article-

"Brothers Brian and Tim Straley plan to invest about $1.5 million to construct two multi-tenant buildings at the northeast corner of Broadway and Taylor Street, Brian Straley said. The Straley family has owned the property and operated a used-car lot there for years. The redeveloped corner will fit in with plans to revitalize downtown, he said.

The brothers are selling part of the site to another developer, who plans to build a gas station and convenience store at the intersection, Brian Straley said. He declined to identify the other developer involved in the deal. The combined investment in the multi-tenant buildings and gas station is expected to be $2.3 million to $2.5 million, he said.

No tenants have signed leases for space in the multi-tenant buildings yet, but there is room for six to eight tenants, said David Nugent, a partner in the real estate firm BND Commercial. BND Commercial is the leasing agent for the development, which will be called the Shoppes on Broadway."