Friday, December 31, 2021

Stark has buyer for downtown nuCLEus properties

This was the last of several incrementally smaller designs for
nuCLEus prior to Stark Enterprises abandoning the development
and selling the properties on which it would have been built.
It isn’t known who 
the buyer is, but based on recent, comparable
downtown property sales, the buyer would have to have deep
pockets and want to deliver a large development of its own to
get a return on its sizable investment (Stark).

Properties that were part of Stark Enterprises’ ill-fated nuCLEus megaproject are in the process of being sold in a private, off-market transaction. However, the scope of the sale, the buyer’s identity and the buyer’s intentions remain a mystery. Public records emerged this week showing that there is a pending transaction.


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