Answers: Questions about riverfront condo complex, 24th and Chestnut property

Posted: Dec. 21, 2012 6:26 pm Updated: Nov. 28, 2014 3:32 pm
Construction began in 2008 on a riverfront condominium and retail project that called for a six-level complex at 211-231 N. Second in Quincy. The project is on hold. (H-W Photo/Steve Bohnstedt)


What is the status of the big hole in the ground that was dug on the riverfront that was supposed to make room for apartment buildings?

A $20 million condominium and retail complex planned for Quincy's riverfront remains on hold.

Construction began in summer 2008 and was expected to be completed in two years, but in October 2008, the project was stopped because of economic uncertainties facing the nation.

"We're still waiting for this economy to give us some idea of what's going on," Frank Musholt, who was partnering with Ray Shortridge of Shortridge Construction on the project, said in a June 2009 story in The Herald-Whig.

The economy's status hasn't improved enough for the project to restart.

"It is still what we call ‘on hold,'?" said Sheila Morgan, secretary at Shortridge Construction. "We're still waiting for the market to improve."

The Quincy City Council approved an agreement with the developers in October 2007 to clear the way for the proposed condominium-retail development. The agreement obligated the city to make $666,645 in public infrastructure improvements. The developers agreed to invest at least $20 million for the project's first phase, which called for a six-level complex at 211-231 N. Second that would have included 50 residential condos on the upper four levels and 14,000 square feet of commercial space on the main level. An enclosed parking garage would have been part of the lower two levels.

Once the developers announced the project was being put on hold, the city immediately halted work on infrastructure enhancements.

Asked if or when she thought the project might start again, Morgan said: "That's not for me to say. If things turn around quickly, we're ready. A lot of materials were purchased for that project."

Neither Musholt nor Shortridge was available for comment.


What are the plans for the property on the northeast corner of 24th and Chestnut? The two small buildings just sit there vacant.

The properties at 1002 and 1006 N. 24th are owned by James Rapp and Margie Thompson. Rapp's father, Roy T. Rapp, owned the Rapp Clinic on the southwest corner of 24th and Chestnut, and Thompson was Roy Rapp's longtime business manager.

Druffel's Tavern used to be on the corner of the block, but it was demolished when the city widened the intersection at 24th and Chestnut in summer 1996.

The two remaining buildings -- one used to be Walton Pharmacy, the other was a grocery store -- are now leased to Chaddock, which uses them in connection with its foster and adoptive care program. Debbie Reed, president/CEO of Chaddock, said Chaddock employees use the property for parking.

"We're leasing the lot, and the buildings happen to be on the lot," Reed said.


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