A group of local investors renovated a warehouse and turned it into a banquet facility and specialty food shop.
The group renovated the current space and has performed there since 1995.
It will be the 62nd house that the group has either built or renovated.
Three groups, two local and one foreign, have expressed serious interest in buying and renovating the building at a cost of about $60 million.
The group bought a former Franciscan hospital and renovated one wing.
The group is renovating the lobby, but the main attraction is to be annual rents in the low $20's per square foot.
The group bought the Palace, a former vaudeville house that dates to 1919, in 1995 and has been renovating the building ever since.
Low interest rates offered by the city and the state helped a group of painters and sculptors buy and renovate the buildings.
The group first renovated two warehouse structures into office buildings.
A group of young entrepreneurs was renovating storefronts, with the idea of creating a pleasant shopping district.
