$73M Wonder Bread overhaul wins tax break, clears hurdle for $6 million loan
The
The plan includes renovation of the oldest, western section of Wonder Bread, 400 Monroe, as 75,000 square feet of office space, anchored by a 120-employee financial services company headquarters that hasn't been named. The bakery has been vacant since 2013.
A more recent, industrial addition to the bakery would be demolished to make way for 286 new apartments in five- and six-story buildings fronting
Prosterman also proposes renovation of historic buildings at 407-411
Prosterman's project comes amid a push by the
"Now, more than ever, we think this neighborhood is a good investment. It's on the rise," said
The parking garage loan requires approval by the City Council,
Developers hope to begin construction at the bakery and 421 Monroe in September.
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