The group that is selling the property to Daniels is made up of investors led by Lakeside Capital Management. They proposed a project called Stadium Terrace, which was going to have a 106-unit apartment building over the century-old building, with 9,400 square feet of restaurant space and parking on the first level.
Daniels, the president of Daniels Real Estate, said he’ll continue pursuing that plan but “with a couple of tweaks.” The residential units will be for sale because “that is what the neighborhood needs,” said Daniels, who has retained architecture firm Hewitt to design the condo project. He hopes to start construction as soon as he can get permits from the city.
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