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Danielle Shoots’ DEMI Fund was tapped to invest a portion of tax dollars from marijuana sales in local companies.
Danielle Shoots’ DEMI Fund was tapped to invest a portion of tax dollars from marijuana sales in local companies.
555 Zang St. was 31 percent leased. The new owner will move in.
But they’re not calling it Clayton Lane anymore.
The $150 million project has “been a long time coming,” said City Manager Chuck Line.
“Our path for growth is going to come from leases, not owning,” owner Grant Barnhill said.
The project will replace the west end of the mall, which is largely vacant.
The expected buyer is local and considers Industry a “trophy building.”
“It just got caught in a combination of a hurricane, a cyclone and a tornado — all three combined,” said the building’s developer.
700 17th St.’s local owner defaulted on its 10-year loan earlier this year.
The complex’s largest tenant is Bellco Credit Union, which has its headquarters there.
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