"Towne Square Project" |
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| The Titusville Redevelopment Authority has acquired several historic
commercial properties in the heart of the city's Commercial District. These
properties consist of three adjoining commercial storefronts and approximately 24,000
square feet of upper story space in these and other neighboring buildings. These
buildings are steeped in the rich history of Titusville's oil boom and at one time, held
the offices of such notables as Rockefeller and Joseph Pew. The photo studio of the
"Oil Region Photographer John Mather was found intact and will be restored as an
attraction to the valleys 60,000 tourists which visit the Drake Well site each year. At the present time, this space is undergoing extensive rehabilitation. Through phased development, the Titusville Redevelopment Authority continues to remove disincentives to private sector development until it makes economic sense for private sector to take over. The Authority’s efforts in the removal of the architectural barriers associated with these buildings began with the installation of a four-story elevator to provide handicapped accessibility to the upper floors as well as critical building stabilization efforts. New roofs were installed on all three buildings and we have also started the process of upgrading the utilities and installing fire suppression systems (sprinklers) in these buildings as well as renovating the common areas. A condominium agreement has been drafted that will enable tenants to purchase their space leaving the Redevelopment Authority responsible for the maintenance and up-keep of all common areas. The prospective tenants that the Authority has begun working with are in favor of this approach and fully support our efforts.
Potential investors and tenants are invited to make inquiries at any time during the renovation process. Remodeling, to suite your special accommodations, is currently possible for endeavors that are consistent with the community development plan Inquiries should be directed to Michael Allyn
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| E-mail info@tcda.org This property is within a PA "Keystone Opportunity Zone" which provides tax relief to businesses E-commerce businesses encouraged!!
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