Southron, on Dec 3 2008, 11:56 AM, said:
Update: Bayer Properties submitted renovation plans to the U.S. Department of Interior to try to qualify for historic building tax credits. If approved, work could begin in early 2009. Bayer's plans call for ground floor retail and office space for the rest of the building.
I'm surprised that residential units weren't mentioned, but retail on the ground floor and offices above sounds good.
Bayer seeking tax credits for Pizitz building
After the Leer Tower foreclosure, most developers are playing it safe with the downtown residential unit market until economic condition improve across the board.