That Moonscape Has a New Name ("Walnut Park"). Now All It Needs Is a New Owner.
But this morning GlobeSt.com brings fresh news: Wells Fargo & Co. has hired Holliday Fenoglio Fowler LP -- a "commercial real estate capital intermediary" -- to find a new taker for the land. Offers are due by September 22, though, says senior managing director Doug Hazelbaker, the bank has more than $50 million in debt on the property. Good. Ness. From the update:
[Says Hazelbaker,] "This is at a great corner, you don't see many vacant parcels like this come available in major metropolitan cities. We're seeing interest from all over the country." The zoning allows up to 1,200 residential and/or hotel units, and no more than 300,000 square feet of office and/or retail.