The arcade, which consists of about nine interconnected buildings, has been dormant since the early 1990s.
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But Cross Street Partners hopes to wake the big fella up. They hope to turn the arcade into a mix of uses, including housing, retail and innovation space.
“For the next 18 months or so, the giant will reside and evolve as the project’s construction moves forward,” the firm said. “The next big steps for the development is finalizing the final funding sources and creating a financial closing date.”
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