Wilkes-Barre: Murray Complex project gets green light. (Northampton: condominiums, mortgage)

[W-B proud]

The $20 million Murray Complex took a major step forward as W-B city counsel approved development plans for the project. When complete the new Murray Complex will include 55 loft/condominiums, expand the dining area of the former Murray Inn, add two more restaurants with courtyards, and creat 50,000-60,000 sqare feet of retail space. Demolition is expected to beging within 30 days and the entire project should be ready for occupancy in 14-18 months. source: Times Leader.

[Southwb]

Like anything else I give it 25 more years.

[W-B proud]

If it goes as lightning fast as The Hotel Sterling project, then it should be complete in the year 2134!!!

[SteelCityRising]

Originally Posted by W-B proud

If it goes as lightning fast as The Hotel Sterling project, then it should be complete in the year 2134!!!

What the hell is up with the Sterling? My commuter parking lot is right next to it, and I go by it weekly on my new mega-running route, and I haven't seen one ounce of progress now in many, many months. It's very irritating when local developers promise residents pie in the sky and deliver nothing but shattered dreams.

[W-B proud]

Originally Posted by ScranBarre

What the hell is up with the Sterling? My commuter parking lot is right next to it, and I go by it weekly on my new mega-running route, and I haven't seen one ounce of progress now in many, many months. It's very irritating when local developers promise residents pie in the sky and deliver nothing but shattered dreams.

Supposedly they are doing it in Phases. Phase 1 was the demolition of the high rise tower. I do not know when phase 2 will begin. It is irratating. Philly put up the Comcast skyskraper in what? a year? and the Hotel Sterling still looks like a massive, ugly eyesore all these years later. In W-B construction projects must be measured in eons. It took twenty years!!! for the Movie Theater to go from the drawing board to completion!! These projects depend on goverment funds and fund raisers, so I'm sure that has alot to do with it. I was hoping it's opening would coincide with the opening of the Riverfront Commons. I do not see that happening though.

[Southwb]

And the paper today was more about that damn waterfront crap. When the hell are they going to get that done.

[WasPA]

Originally Posted by W-B proud

Supposedly they are doing it in Phases. Phase 1 was the demolition of the high rise tower. I do not know when phase 2 will begin. It is irratating. Philly put up the Comcast skyskraper in what? a year? and the Hotel Sterling still looks like a massive, ugly eyesore all these years later. In W-B construction projects must be measured in eons. It took twenty years!!! for the Movie Theater to go from the drawing board to completion!! These projects depend on goverment funds and fund raisers, so I'm sure that has alot to do with it. I was hoping it's opening would coincide with the opening of the Riverfront Commons. I do not see that happening though.

For the record, construction of Comcast Center began in February 2005. The building went thru several design changes and names for several years before Comcast became the lead occupant and it became known as 'Comcast'......

The speculative condo market has been cooled if not hindered everywhere by the current money/mortgage woes including NePA; successful marketability of the Sterling and also the 'raw' units within the Northampton @ Main project would be contingent upon construction costs, which, if fairly high, might set these project's condo ambitions back until better financial/financing timing.....I make no representation that this is fact, but it would seem reasonable right now.