The developer and landowner is the Falcon Group. The partnershipincludes the Falconi Group, Praxis Resources Inc. and LasVegas-based Elysium Enterprises. Falconi Group and Praxis are realestate development companies based in Pennsylvania. Falconi is ledby Angelo Falconi, who owns shopping malls, auto dealerships and apiece of the Pittsburgh Penguins. Elysium Enterprises is led byMike Bellon, a locally based entrepreneur and real estate developerwho made his mark buying, developing and selling autodealerships.

The development site, which Falconi has owned for some 20 years,used to be home to Falconi Honda, Bellon tells GlobeSt.com. Themain building that will be demolished on Wednesday morning is the25,000-sf auto showroom and sales building. The building has beenvacant since Bellon sold the dealership franchise for AngeloFalconi and it was relocated to West Sahara.

"The original (redevelopment) concept was an auto-themed retailcenter, with Pep Boys and that kind of thing," Bellon says. "But alittle over two years ago the condo craze began, so I asked him tohang on and let me see what we can do, and the opportunitypresented itself for a higher and better use."