A three-story Larkin District building is springing back to life. Larkin Development Group has begun renovations to 740 Seneca Street at the corner of Emslie Street. The three-story building will be a mix of commercial and the first newly- created apartments in the reviving neighborhood.
740 Seneca Street Prior to Renovation Work Starting
Larkin Development Group is investing over $250,000 in the renovation of the 8,000 square-foot property to create at least four units of stylish rental apartments that will be designed to appeal to artists and/or young professionals. The first floor will initially be commercial space for a Larkin District Information Center serving as a clearinghouse of resources for established and new residents, visitors, area businesses and their employees. Future use of the first floor is planned for studio space for the residents living above. 
Long-range plans for the neighborhood calls for a mix of new housing types and housing in renovated older buildings. A multi-million dollar streetscape project is scheduled to start this year. Larkin Development Group is currently renovating a former gas station across from 740 Seneca Street (above). Future work will see the rehab of the Larkin U building and new office buildings constructed along Exchange Street.
Renovations to 740 Seneca Street (at right in rendering above) will be finished this year. Young + Wright Architectural is is project architect.
Get Connected: Larkin Development Group, 716.362.2677
FNFG is definitely doing some good things for that area and in general. I'm surprised their stock hasn't shot up.
Because nobody in their right mind buys stock based on how many trees the company is planting in the surrounding area.
...well, they should.
its actually pretty close to the 52 week high, so maybe they are? once the harleysville deal is cleaned up, it might climb a bit.
A 52 week high?
That would almost be impressive if not for the fact that, almost exactly one year ago, the stock markets finally found their bottom and began the current (fraudulent) recovery.
Well, is it more impressive that FNFG has beat the S&P over the past 2 years, 5 years, and almost every other meaningfully sized time frame.
Fraudulent recovery? Boy you sound like an idiot.
Considering the fact that any and all 2, 5, 10 year gains in the S&P were wiped out during the Oct. 2007-Sept. 2009 recession, no.
Any company that spent time actually building its brand value (which FNFG did) has a solid chance of beating the returns of the S&P since the bursting of the financial/housing bubble.
And yes, this recovery is fraudulent. Roughly half of the country's commercial real estate is currently underwater. The principal on these deals will mature between 2011-2014. Furthermore, we (the People, via Sovereign Debt/Municipal Bond) are still counter-party to a dangerous amount of leveraged borrowing. To cover this shortfall, we will either need to raise taxes (sending productivity plummeting) or engage in (more) quantitative easing (sending inflation skyrocketing). Either way, your recession will double dip, and become a protracted depression after that.
The third option is wholesale warfare. That is the only proven recession buster.
Believing that this recovery is anything more than hype and financial chicanery is truly idiotic.
That's the thing about equity prices - they tend to go up and down. So that's why you look at long term performance. And FNFG has beat the market handily. And it's not because they built their 'brand value,' whatever the hell that's supposed to mean.
Given your amazing market vision, post your hedge fund prospectus online so we can all consider investing. Of course, given your bitterness it sounds like you've been out of the market for the past year missing the best rally of all time so I'm not sure people will want to give you their money.
I have only missed this market 'rally' on the buy side. My equity plays revolve mostly around short calling this cyclical bull market as it ends and we find ourselves in the midst of a secular bear market.
Otherwise, my portfolio has steadily gained value through this bull market because the majority of my investments were and remain held in commodities.
See you at Dow 5000
Dem are the facts.
i wouldn't disagree with you on the whole, but not all financial institutions have attracted investors back in (large and small). also, the stock price is about where it was in '03 when it split, but the dividend has doubled since then. not a bad price and a decent dividend.
Not specifically but there are a lot of benefits of being a good corporate citizen. Good image can equal more customers which should equal rise in share price.
Hopefully this is the beginning of an emerging neighborhood!