Their $4 million plan for redeveloping the building involves demolishing most of it but keeping the distinctive two-story facade.
The building currently is three stories tall but would grow to five, with 29 market rate apartments on the four upper floors and about 3,800 feet of retail space on the ground level.
Stricker said there are no plans to move his store across the street.
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Former Swanson Russell office to be redeveloped
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