There has been improvement but it sure is slow.
K Street land swap hits snag
Finance disputes stall plan for retail projects on mall.
By Mary Lynne Vellinga - Bee Staff Writer
Published 12:00 am PST Saturday, January 13, 2007
Last-minute financial issues raised by property owner Moe Mohanna are delaying a land swap required for a major retail project to move forward in the 700 block of the struggling K Street Mall.
Furniture retailer Joe Zeiden, owner of the Z Gallerie chain, had expected to have all of the properties in the 700 block under his control by the end of 2006, said Wendy Hoyt, his local consultant.
But Zeiden is still waiting for Mohanna, who owns many properties on K Street and the surrounding blocks, to sign documents putting his 700 block parcels into escrow.
"We signed everything we need to sign some time ago," Hoyt said.
