Developer Details Plans for Anderson Executive Tower
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A real estate developer from New York City is looking to revamp the former First Savings building in Anderson as a business hub. Our partners at The Herald Bulletin report Mariusz Kurylo wants to open the 10-story building to smaller businesses and startups as opposed to big-name companies.
The building has approximately 72,000 square feet of space. Kurylo acquired the building last April in a commissioners’ tax sale for about $3,300, according to the publication. He has since invested about $1.5 million to take care of back taxes, liens, utility bills and other liabilities.
“It’s pretty much the newest building (downtown), and it’s in fairly good shape,” Kurylo said. “We’ve had people come to me for the last several months, and they want to come in and convert it to residential units and whatnot. I don’t see this building in that aspect, even though I know the city wants to see it as residential.”
The building is now known as Anderson Executive Tower, and Kurylo says he plans to begin infrastructure and maintenance upgrades this year with the goal of having full occupancy by 2025.
“If there are no issues with inflation, no issues with Ukraine, no issues with COVID or whatnot,” he said, “then I would like to see everything in full occupancy by then, which is pretty realistic — within three years, if nothing else happens.”