Ged Dunn, the developer who purchased the 1.55 acre site at East Short Street near Midland Avenue for $580,000 in 2006  is now seeking to sell the property for $2.2 million.

The property overlooks Thoroughbred Park and plans for the property included condominiums, office and retail space, a day care center and church.   In all, the mixed-use development would likely exceed $60 million.   Dunn remarked, “We don’t have the wherewithal to do that development. We don’t have the experience or the financial borrowing power that was needed.”

Moreover, according to Dunn, another stumbling block was the lack of demand for retail space in that part of downtown.   Dunn will flip the property if he has to, but would rather seek out an experienced investor who could bring to fruition the first class development envisioned for this unique property.   According to Dunn, “we could go up there and build loft condos with surface parking all day long and make our money back.”  However, Dunn has a vision for the property and would like to see it fulfilled.