Purchase of Downtown Erie McDonald's Property Completed Friday
The Erie Downtown Development Corporation (EDDC) confirms it has acquired the land at 5th and State Street in downtown Erie from McDonald’s Corporation.
The purchase was completed Friday.
EDDC said it will be sharing more details in the next few days. Leaders said they could not make any public comments until the sale was finalized as part of the deal with McDonald's Corporation.
Building Systems Incorporated applied for a demolition permit for the property, which was issued by the City of Erie Thursday afternoon.
The permit expires in six months, but demolition is expected to begin soon.
The restaurant closed Oct. 12.
Recommendations from recent study
A study by the Urban Land Institute (ULI), completed in 2018 and released by the City of Erie and Erie Downtown Development Corporation (EDDC) in January 2019, said the block where the McDonald's is located requires immediate attention because it has such an immediate effect on the center of downtown.
The panel of experts recommended a complete development of the southern and western sides of the block. They called for a new building for the restaurant and more population density for the block. They believe 140 dwelling units could be accommodated on the block. The study also suggested new, urban-stacked townhouses to be built with rooftop terraces. While some parking would be eliminated, the panel believes the block would still accommodate up to 180 parking spaces. It said existing retail beside McDonald's would be supported, along with new retail.