Condemned Downtown Erie Hotel To Be Sold to Developer
A sale is In the works for the condemned Downtown Erie Hotel.
It's located at 18th and State Street in Erie.
Erie News Now was the first to report back in February, that the city of Erie condemned the property, declaring it uninhabitable because of numerous fire and code violations.
Since that time, Sherry Bauer, Broker of SBRE Sherry Bauer Real Estate Services, says the current owners have been working diligently to fix those violations and clean up the property in order to sell it, "The current owners are very wiling and eager to work with the new buyer to do what ever they can to facilitate the sale," said Bauer.
Bauer tells Erie News Now the sale is in the works, and it looks like the sale will close and be final by the end of 2019.
Because the sale is pending she can't say who the new owner is, although she does say it is an out-of-town investor who is looking to continue to rehabilitate the property and reopen it as a hotel, "We've worked with several developers, several interested parties, and we actually have someone that's moving forward with the purchase and is going to redevelop the property and reopen," said Bauer.
We caught up with some citizens to see what they think. Claudia Burkell, of Erie, is excited to see what the future holds at 18th and State Street, "I think it's a wonderful idea, Erie needs to keep up, I think it's been a landmark for years and years, since before me, so I really think they should renovate and rebuild."
We've also heard many people say 'Tear it down, it's an eyesore.'
But Bauer says the buyers had structural engineers evaluate the property and determine the building itself is solid. So, with proper renovations, they determined the building still has potential, "We're looking forward to the redevelopment and they're (future owners) going to be working with the city and the federal opportunity zones and really make it a viable property in Erie again," Bauer continued.