Sunday, March 30, 2008

One goes up, one comes down, one still looking for tenants

Progress along Main Street in Middletown as the steel frame for Liberty Commons on the corner of Liberty and Main went up this week.

On the other end of Main, the Middletown Press building came down this week to make way for a Rite Aid.

Meanwhile, at Wharfside Commons, the city is still trying to determine the rental patterns. The Redevelopment Commission has asked the Richman Group to provide information on occupancy, how the apartments in each building are distributed amongst income groups, and how many of the market-priced units have actually been rented. Some in town are concerned that market rate units have not been occupied as quickly as units for subsidized units, and that subsidized rentals are being concentrated in the towers which were opened first.

Reports are that the apartments are a huge improvement over rental units formerly available in that neighborhood.

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