Quoted:
Six million is a LOT of coin to be dropping on a place like that. I hope they have a solid business plan and that they're not overestimating the market.
Not a lot of call for a shell like that and it has been sitting for some time. Demolishing the building wouldn't improve the site that much on that stretch of Broad.
I hope they make a go of it too, but the liability coverage of something like that on that scale must be titanic. Like a lot of these ventures, it may require a series of visionaries / managers / owners before it all settles down.
...or reverts to mini-storage. It certainly is a ballsy move in this economic cycle, but probably truly emblematic of the times in which we live, or are going to live in.
In any event, I'd like to check it out and I wish them well.