Developer Alan Shuman makes his pitch for Reading’s Penn Square
By Don Spatz, Reading Eagle, Pa. | |
McClatchy-Tribune Information Services |
Shuman, the owner of
And he'd have space left over for a courtyard adjacent to the current
Shuman is the second of two developers to describe proposals for the five
The deadline for proposals was last week, and only Boscov and Shuman submitted them.
A city review team will make the recommendation on which developer to work with in a few weeks.
Shuman told council his project would cost well over
Another
And, Shuman said he's got tenants lined up for much of the space, and the buildings would stay on the tax rolls.
Boscov had proposed a mixed use for the buildings, much paid for by state and federal money and using much of the buildings' upper floors for so-called live/work apartments.
Shuman said his plan calls for all commercial use -- offices and shops, etc. -- because that would have a bigger street impact than residential.
He noted that he would ask the city to allow curbside parking on
Answering council questions, he said he's ready to start immediately on the
Meanwhile, Shuman said he closed recently on a
Thus, construction is underway to turn that factory building-turned-outlet into 69 market-rate apartments and 42,000 square feet of retail space.
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