Friday, December 31, 2010

Griswold Plaza Sold

Erie lawyer and Erie native Andrew Sisinni signed the final papers Thursday to buy the 32,000-square-foot building at 1314 Griswold Plaza for $500,000.

Sisinni quickly expressed an interest in the 78-year-old property when it was orinially listed, but he wasn't alone. And in September, Sisinni said, he was disappointed to learn he wasn't the winning bidder. But a few weeks later, Sisinni got a call. The original deal had fallen through.

What are Sisinni's plans for the building?

The structure is registered as a Pennsylvania historic site, which bars changes to its facade. Truth is, there's not much he would like to change on the tile-roofed building, built in the style of the Italian Renaissance.

Erie Times-News reports Sisinni is, however, planning some interior renovations that he hopes will help the building fit into what he sees as an emerging new neighborhood, a complement to a $55 million mixed-use downtown development that will include town houses, retail shops, and offices.

Sisinni hopes to retain the the United States Postal Service and the Internal Revenue Service as tenants (although USPS has only short-term plans to rent while it looks for a newer, more modern structure). He wants to add office space and hopes a small grocery store can be developed in the rear of the building.

"If the (midtown development) plan comes to fruition, there will be 100-plus condos and town houses and nowhere for them to buy food," he said.

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