If you’ve been by the Heer’s building lately, it doesn't look any different. But it is changing, in terms of ownership.
As of Thursday, Kevin McGowan, a
His development firm, McGowan-Walsh, is actually splitting. But
"The city has signed the closing documents today (Wednesday) and will be overnighting them to
The city and McGowan have agreed to extend a November 1st deadline regarding incentives for McGowan, incentives like tax increment financing or property tax abatement. Smith says for every day McGowan delays asking for those incentives the city has another day to consider his requests.
McGowan has not specified what he intends to do with the building, but has floated the idea of condos or a boutique hotel.