@Clifton Grady
There is no stopping the Big Picture, that is to say redevelopment is not a
matter of if but when, you are seeing a window of opportunity present itself.
In some cases the sellers could face eminent domain, in which case there compensation could be pittance, this is there sad realty unfortunately.
Deep pockets can sit on these types of deals a lot longer than not so deep pockets, which one are you?
What phase is this redevelopment (City Master Plan)currently? I recall a similar situation in downtown Los Angeles around the Staples Center Magic Johnson, and company purchased several blocks, and chain length fenced / junk yard dogged it up, as I recall a good year++ before Up-Scale development began.
At the end of the day you ‘gotta’ buy right. Best of luck.
