The city of Middletown is working on a lease for the first floor of the building to move the city Economic Development Department. Middletown City Council was supposed to review the proposed five-year lease but pulled it off the Oct. 15 meeting agenda because there were questions on how the lease was structured, Economic Development Director Jennifer Ekey said.
She said she was at a conference and could not respond before the Oct. 15 meeting, so council pulled it from the agenda. Ekey confirmed the city still plans to utilize the first floor of the building.
Council originally approved the proposal in December 2016 of its intent to lease the building’s first floor. However, delays in the project have pushed dates back. City officials said the building’s office and residential space will help downtown development.
In addition to the 2,000 square feet of office space planned on the first floor, Coon is planning to develop 16 market-rate apartments ranging from 800 to 1,100 square feet inside the seven-story, Art Deco building. The building was constructed in 1930 by the Middletown Building and Deposit Association.