The Promenade 23 Shopping Center is scheduled to have a new owner by the end of March 2011. The current longtime and local owner, Promenade 23 Associates, will sell the center to a large Texas based real estate investment group. The Promenade 23 has the Central Area’s largest concentration of neighborhood retail/commercial space. So this change in property ownership will play a significant role in the future development of the 23rd & Jackson business node.
Promenade 23 will be the company’s first owned property in the Central Area neighborhood. The acquisition will also make the new owner the largest property holder on South Jackson Street. As CADA has long worked to revitalize the 23rd & Jackson business node, it hopes to build a working partnership with the new owner. Hopefully it will be receptive to CADA’s outreach and CADA’s presentation of the community’s needs.
With that said, what would you like to say to the new owners of Promenade 23?
CADA, a non profit CDC, works to revitalize the Central Area neighborhood. For more on CADA, www.cada.org. And CADA is now on facebook! Check us out!