HAGERSTOWN -- Construction on the Renaissance Center in Hagerstown has been pushed back indefinitely because of the sluggish economy, City Economic Development Director Deborah Everhart said Wednesday.
Work to renovate the building, which formerly was the Holiday Motel, at the corner of Prospect and West Washington streets was supposed to be finished by the end of last year. A sign that says "Renaissance Center Coming 2008" still hangs out front.
Edward "Skip" Tovornik Jr., president of CHS Development Property Management of Frederick, Md., proposed using the building to construct eateries and office and retail space.
The units then would be sold at about $200 per square foot.
Tovornik did not return a message that was left at his office Wednesday, but the CHS Web site said the units would range in size from 744 to 2,243 square feet and range in price from $132,432 to $399,254.