Today I received a notice from my landlord’s lawyers that let me know they are not tearing down the Tower Building but they are converting it into 12 condos, one per floor. Pre-construction price: $1 M – $1.5 M each. Provided you can get a 20% downpayment together that would work out to around a $6,000 a month mortgage payment, which is quite a bit more than my budget for rent.

I have signed a contract for another year in the building but I haven’t turned it in yet. I figured I’d do some research first, and hopefully find a similar space elsewhere that I could at least get into at night (the building closes at 8pm and on Sundays). So far I’ve found nothing comparable; there really doesn’t seem to be many affordable office spaces in the city that aren’t ghetto. I need a secure space to store inventory and it has to be safe enough for me to be able to walk there at night.

To be continued…