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Designed by architect Frederick C. Withers, a former business partner of landscape architect Calvert Vaux, this is one of the village’s oldest buildings and an early example of a multi-tenant commercial structure in the U.S. In 2007, the village approved restoration of the 136-year-old building. However, midway through the project, the property owner was faced with foreclosure proceedings. The building was vacated in January and ownership has been transferred to the mortgage holder. The fear is that the unstable real estate market could further delay the restoration, leaving the empty building vulnerable to neglect. The building is a local landmark and part of the larger Riverside National Historic Landmark District.
For a visual
overview of the Arcade, including a visual depiction of its proximity to
Riverside's commuter train station, other commercial buildings and
Township Hall,
click
here.
Photo 1: Courtesy of the Riverside
Historical Museum, Photo 2: Courtesy of Peter Goss, College of
Architecture, University of Utah, Photo 3: Courtesy of Aberdeen Marsh-Ozga
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HOW CAN I HELP?
MAY 15 DEADLINE
The bank has set a May 15 deadline for interested buyers to submit
purchase bids for the Arcade Building. Information on the bidding
process can be downloaded here:
Interested buyers should contact the mortgage holder and ask to speak
with the Arcade Building account manager: Joe DeGroot, PrinsBank,
320-978-6351. |
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