Koenig’s Property Update

UPDATE ON DEVELOPMENT OF KOENIG’S PROPERTY

At the August 24th Architectural Review Board Meeting, the developer of the Koenig’s property, Questus Capital, modified its proposal with respect to the Koenig’s Building.

Questus had proposed to modify Koenig’s Building by renovating it from a two story to a four story building with a restaurant use on the first floor and 15 apartments on the upper three floors.

Questus’ modified proposal is to not add any floors to the Koenig’s Building, but rather to have a restaurant or retail establishment on the main floor and one floor of five apartments on the second floor.