Midtown redevelopment draws new interest
The possibility of redeveloping Midtown Tower has drawn significant, new interest from the local development team of Christa Companies and Morgan Management.
“When Bob Morgan and Dave Christa care enough to submit a proposal for Midtown Tower, that says a lot for the direction downtown and the city is going in,” Mayor Robert Duffy said Thursday. “I’m excited to see it.”
Local developers Patrick Dutton and Shane Bartholf, along with the Harmony Group, from the New York City area, also have made proposals. All offer a mix of residential and commercial uses.
The state has committed $55 million to raze the six-building Midtown complex, making the site shovel ready for redevelopment. PAETEC Holding Corp. plans to build a nine- to 10-story headquarters building along South Clinton Avenue.
Before demolishing Midtown Tower, the city has offered the East Broad Street high-rise for reuse — seeking proposals first in March, then re-opening the process to allow new or revised proposals, which were due Wednesday.
Christa has developed such projects as The Sagamore on East, while Morgan Management is one of the largest commercial property owners in the city.
