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Old 01-02-2014, 02:31 PM
 
664 posts, read 926,365 times
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That whole building is a mystery. It appears to have been completely finished since August, yet nothing is going on. I'd love to know how the owners can invest that kind of money with no apparent concern about getting some profits rolling in.
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Old 01-02-2014, 08:34 PM
 
193 posts, read 248,095 times
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Quote:
Originally Posted by adam36 View Post
That whole building is a mystery. It appears to have been completely finished since August, yet nothing is going on. I'd love to know how the owners can invest that kind of money with no apparent concern about getting some profits rolling in.
Yes you are right. I think there is only one open business there. I think its a travel agency.
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Old 01-04-2014, 09:01 AM
 
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Strange building. I drive by it everyday. It doesn't appear anyone is living there. I believe there was supposed to be over 400 apartments and several businesses.
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Old 02-09-2014, 08:06 PM
 
193 posts, read 248,095 times
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Still nothing happening here. Haven't heard anything from developer. However I did notice that a restaurant called "The Greek" is going in next to Mountaineer Hots. This one appears to at least show signs of life, unlike Mountaineer Hots. I suspect it will specialize in Gyros. Also, originally there were plans for a Chico dairy ice cream parlor. Not sure what the time frame is for that, or if it is still being planned.
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Old 03-16-2014, 10:24 PM
 
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Fyi...I think Mountaineer Hots is no more. It never even opened. Shame. The signage is all down and the building is empty.
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Old 03-17-2014, 08:51 PM
 
191 posts, read 273,994 times
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I still question the authenticity of any information having to deal with this place as it resembles a ghost town still. Ive noticed the 14 dozen or so paper signs in front but nothing else. This place seems all hyperbole and false promises just like "FALLING RUN SQUARE"

What a crock
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Old 03-18-2014, 05:14 AM
 
664 posts, read 926,365 times
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Originally Posted by MischiefWV View Post
I still question the authenticity of any information having to deal with this place as it resembles a ghost town still. Ive noticed the 14 dozen or so paper signs in front but nothing else. This place seems all hyperbole and false promises just like "FALLING RUN SQUARE"

What a crock
...with the notable exception that this group actually built their development, which makes the situation even more strange.
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Old 03-18-2014, 09:03 AM
 
10,148 posts, read 13,273,374 times
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Originally Posted by adam36 View Post
...with the notable exception that this group actually built their development, which makes the situation even more strange.
The Chicos have something to do with this, I believe, and a Pittsburgh company. The only thing I can figure is maybe they ran short of working capital when they got close to completion. If that is the case, The University will probably step in and take it over and it will become a second University Place type operation?
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Old 03-18-2014, 10:22 AM
 
1,642 posts, read 2,097,585 times
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This is my take on what happened. Once the development started, it was still in the Recession. Maybe they figured they would rebound much faster than they did and decided to take a chance and continue with the development. Construction was delayed a bit but they managed to get things complete. However, they had three things against them. 1) They never regained the capital they were expecting, 2) They opened at the point after the vast majority of students signed their leases, and 3) James Harrison signed with the Bengals.

That being said, there is still some semblance of activity. They're applying for signage variances now, so I assume that would mean at least one shop is a go.
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Old 03-18-2014, 10:55 AM
 
10,148 posts, read 13,273,374 times
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Originally Posted by elewis7 View Post
This is my take on what happened. Once the development started, it was still in the Recession. Maybe they figured they would rebound much faster than they did and decided to take a chance and continue with the development. Construction was delayed a bit but they managed to get things complete. However, they had three things against them. 1) They never regained the capital they were expecting, 2) They opened at the point after the vast majority of students signed their leases, and 3) James Harrison signed with the Bengals.

That being said, there is still some semblance of activity. They're applying for signage variances now, so I assume that would mean at least one shop is a go.
Oh, it's only a matter of time before that place is fully operational. The only questions are who will be running it, and will they have picked it up at a discount? In that location it can not miss. There has to be $30-40 million involved there.

That was an enormous undertaking, and to pull that off one would have to have every duck in a row working capital wise.
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