Local jewelers Richter & Phillips Company have purchased a couple of lots along New Street (BIRD'S EYE), between Sycamore and Broadway Downtown.
A 3,500-square-foot building dating to 1885 stands alongside a gravel parking lot, both sandwiched between the Seventh and Broadway parking garage and Sycamore Place at St. Xavier Park.
The combined size of the sites, which were purchased for $260,000, is slightly under one-tenth of an acre.
The property has also been subdivided from two into three lots, which is uncommon unless improvements are planned. (Although it is possible that the land was separated from the building for tax purposes.)
Richter & Phillips has been in business since 1896 and is headquartered in the Gwynne Building at 202 E Sixth Street, Downtown.
Tuesday, January 29, 2008
Richter & Phillips buys New Street lots
