505 Ellicott is an existing 20,000 sq. ft. warehouse which was vacated by Frey Heavy Duty when they relocated approximately 5 years ago.

The proposed project consists on the adaptive reuse of the facility.  The company will fully renovate the interior and exterior of the building and add a mezzanine component which will increase the total square footage of the building to 35,000 sq. ft.

The facility will include a commercial and residential component.  Two 430 sq. ft. apartments will rent for approximately $875 per month.  The remainder of the space will be utilized as flexible office space offering both short and long term workspace options for end-users.  The remaining space in the building is anticipated to house a café or similar retail offering.

The application indicates 4 full jobs associated with the development which will be created by the project operator of the flexible office space component and operator of the café.  Any additional jobs associated with the facility are anticipated to come from the flexible office users.

7/24/2019 -  $7,877,447 Lease/Leaseback Inducement Resolution passed by the ECIDA Board of Directors