“The garage is 490 stalls. But there will be parking for up to 600 cars,” Savio said. Savio bought the property in 2012 and is converting the office complex into medical condominiums. “We just about completed the condo conversion. We’ve started the closing process,” Savio said. This property was known for decades as “Newtown Square,” and is now called the “Mary Savio Medical Plaza at Newtown.” “We are expecting somewhere between 60 to 100 doctors will be on the property. We still have about 12,000 to 15,000 square feet of space available. We expect that to be sold out probably closer to Christmas,” Savio said. About a dozen of the new condo owners have already moved in. But some others who plan to eventually move out, like psychiatrist Dr. Michael Zafrani, are still here. His lease already ended but his new place behind Cutter Ford won’t be ready for another couple more months. “So I’m here subletting from the doctor who bought my place. But he’s not moving in for about another half a year,” Zafrani said. Construction of the new parking garage has meant fewer parking stalls on the property for the time being.
Posted on: Tue, 11 Jun 2013 17:53:29 +0000
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