The father and mother passed on a several years prior to covid. Some of the previous posts have mentioned their children, Vinny, Frank, Marie. I believe Vinny is the fire chief in Franklin. In the 30 years that I've been next door, they have never really invested in the the properties. There are 3 lots, the CT, the CoolRunning/Hole in Wall Bagel/the burnt down WelshFarms/SmokeShop.
While there has never been a sign, the properties are for sale. For years I dreamt of buying them and building a Panera there, along with student housing above. I have cooled on the Panera idea since the cinnamon scone and garden vegetable soup have disappeared. I have even paid an architect to do a design plan to see what could go there. My plan is 9/10 stories tall with over 300 beds. However, in 2023 the building costs are so high that I can't get the numbers to work. For example, just the police needed on both Easton/Somerset would cost a half mil during construction. I have consulted with Devco and other national developers, along with project engineers etc to gauge costs. ( I do student housing rentals on the side at RU ).
The properties have most likely been paid off for a couple of generations, so even in their dilapidated state, generate mostly passive revenue. My offer of 3 mil didn't even get a reply. Rumor on the street is 6/7 mil for the properties. The site is too small for the large national groups and too big for the common investor ( me ), so they sit there for 3+ years now. I'd love to be part of a group who could redevelop the site.(
@kyk1827 ) No one knows RU college rentals better than me ( sorry
@RUskoolie ).