The pending sheriff's sale of a Clark Street lot that includes part of the former Loranger Building has been pushed back.
After a continuance was requested by the seller, the property, which includes the western part of the building from about the middle of the courtyard along Clark Street, will be put up for sale on Aug. 4 with a price tag of about $1.3 million. The original sale was set for June 2.
The location is the site of the proposed convention center.
Times Observer photo by Brian Ferry
The western end of the former Loranger Building, the proposed location of the convention center, is on the list of Warren County sheriff’s sales. The original date of the sale was June 2. The seller, Manufacturers and Traders Trust of Buffalo, requested a continuance and the new date is Aug. 4.
The property owner is Warren Hospitality Associates, but the bank representing the property and calling for the sale is Manufacturers and Traders Trust of Buffalo, which is associated with M&T Bank.
The unpaid principal debt and accrued interest, plus legal fees, as of Dec. 17 was $1,353,572.99, according to court documents. The cost of advertising and otherwise running the sale will be taken out of the sale price by the sheriff's office.
According to Warren County Sheriff's Office Chief Clerk Kim Anderson, the seller may request a maximum of two continuances up to a total of 135 days.
The parcel for sale includes a portion of the building 242 feet long and 30 feet of space beyond the western end of the building, according to documents at the Warren County Assessment Office. The combined area of the parcel is about 33,500 square feet.
Because the space was in a Keystone Opportunity Zone, taxes were not collected on it through 2010, according to Chief Assessor Karen Beardsley.