Tuesday, August 14, 2012
CORPUS CHRISTI (Kiii News) –
Some big plans for the old Lichtenstein Building, which at one time was one of the highlights of downtown, may be put on hold.
The now shuttered former department store was bought by an Austin developer who wants to turn it into a $28-million retail and residential complex, but the deal is currently in limbo because of the Bond 2008 project along Chaparral Street, where bids came in millions of dollars over budget.
“I think what we have designed fits that to a tee, and we just hope the City follows through what was presented to us,” said Rick Deyoe, president of Realtex Development.
Kiii News Reporter Michael Gibson went Live from downtown with more on the situation.