Former eyesore undergoing transformation
September 22, 2012 by Sarah
A once run-down building in fairfield has been undergoing reconstruction since its purchase by Penklor last January and the new owners of the complex report that a total of 96 units within the four buildings of the complex will be ready by October 1.
Previously owned by the Heritage Property Group and known as ‘Heritage Glen’, the newly renovated apartment complex will now bear the name ‘Creekside Village.’
The complex is located just on the outskirts of the downtown area on Pleasant Avenue. After a number of maintenance issues and the death of the former owner, occupancy in the complex had dropped significantly and the apartments had become an eyesore to the community. Tim Bachman, director of Fairfield’s development services, reported that the condition and appearance of the apartment complex had greatly affected development in the area. He said:
“It was so bad for so long. Strategically it’s a benefit to the city and the owner to have this complex [upgraded]. Who knows how much buying power was lost with so much long-term vacancy?”
With the noticeable transformation occurring to the complex, the city hopes development conditions in the downtown area will improve, bringing in more businesses and creating additional trade for existing companies. If economic development in the area does improve as expected, Fairfield printing companies can most likely expect an increase in demand for printing services as new businesses move into the area.
Currently, renovations are being made to the remaining 143 units and are estimated to be complete by the end of the year.