taco riendo

At 5th & Thompson, a block north of Girard, we present to you what one might call a four-star corner.

At the southeast corner of this intersection is a huge vacant lot, across the street from the wonderful and charming Taco Riendo. The lot is actually six separate parcels, all owned by members of the  Erlich family, which has owned them since the late 1980s. There was a deed transfer in 2012 from Jacob Erlich to Harvey and Eli Erlich, indicating that the family is at least aware that they own these properties, despite not having done anything with them in over two decades. Looking at public record, the City was, curiously, not charging them property tax until 2011 for these properties, which might partially explain the lack of development. Unfortunately, the failed land valuation that will accompany AVI will dramatically undervalue these lots, which will continue to disincentivize development.