Mordechai Snider, who purchased the property over 11 years ago, explained to Mr. Patoka and Mrs. Morhaim the history of the building and extensive renovations which have already occurred. The Plaza Building has invested over $3 million in internal improvements, including installing a new roof, all-new elevator cabs and operating system, gutting and renovating all public bathrooms making them ADA compliant, replacing the entire HVAC (heating and air conditioning) system with a new, high efficiency mini split system and refurbishing all public lobbies and hallways. Join our WhatsApp group
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Many tenants have been in the building for 10 years or more and new tenants are signing up all the time, according to the Building representative Alan (Aharon) Newman, who oversees projects and handles leasing. Many people have seen the new façade plans with 10-foot floor to ceiling energy efficient glass and “want to get in before leasing prices rise,” locking in lower rates in long term leases.
“Although the façade and parking are eyesores, they are due to deferred maintenance from 1972 until we bought the building. We have been working on plans and financing for these projects for a decade. In the meantime, we have accomplished a lot on the inside of the building, and we hope to polish the outside to be just as beautiful,” says Mr. Snider. The Plaza Building is planning to rebrand and add over 4000 square feet of new and expanded retail space, as well as over 4200 square feet of walkout patio space for second floor tenants. Permits are only a few months away, according to the Building.
The new building architectural renderings which show an amazing and beautiful exterior, including granite on the ground floor and tinted high efficiency glass and aluminum curtainwall from floors 2 through 7. BJL has also reviewed the detailed and extensive architectural and engineering drawings which are out for bid with multiple General Contractors, including local and some from New York. Multiple funding sources are also reviewing the plans for approval.
Councilman Patoka was impressed with the vision that was presented, as well as the very concrete plans and rendering that were shared. Both Councilman Patoka and Mrs. Morhaim see the value that such projects and upgrades to the Pikesville Plaza building will provide for the Pikesville Corridor area. The Plaza Building representatives said they look forward to working with the Councilman and Armory Foundation to make the area look amazing and coordinated, and to benefit the community in every way possible.
I wish him luck but I’d hold off investing with interest rates this high and a potential recession. Now is the time to lay low and sit on whatever cash you have. I hear there are still iberchahcumim trying to sell hieimisha to invest in muti family even now. Like for real? Do you have any clue how burned you’ll get?
Aside from threat of the building collapsing on itself, looks great.