SocketSite is reporting that the Elbo Room owners have plans to tear down the two-story building and replace the popular bar with a five story condo project.
Early plans for the development include nine (9) residential units, three one-bedrooms and six two-bedrooms, ranging in size from 500 to 1,000 square feet over a 770 square-foot commercial space and parking for six (6) cars on the ground floor. READ MORE.
As others have pointed out, the owners have said they are not going anywhere soon. But Socketsite has linked to the documents of the Planning Department’s preliminary assessment. Do all owners go through with their plans? Clearly no, but few begin the process without some thought of making changes. We will be following up.
As you can see from reading the documents, it is a long journey to go from an idea to its consummation.