Instead of about 100 housing units and 61,000-sf of office spaceas originally planned, the project will now be largely residential,with 158 units of housing and 18,000-sf of ground-floor commercialspace.

Lorig Senior Project Manager Joan Weiser tells GlobeSt.com thechanges were market driven. The revised project -- the originaldesign was ready for building permit pick-up -- goes to designreview next week. About 8,000-sf of the commercial space has beenleased to a bank, a day care provider and others. Weiser says shehopes to start construction June 2002.

Half of the property has been leased long-term from the Welchfamily. The other half is owned by the city and still remains to betransferred into Lorig's ownership, says Weiser, who doesn't expectfinancing to be a problem. "We had commitments previously, but withthe changes, until we get design review approval, we are not readyto go back out," says Weiser.

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