Another 25,000 sq,’ building in the Cobblestone District has changed hands. 85 and 93 E. Market was sold by Theodore Kulbacki for $510,000. Ellicott Development’s 5277 Group LLC purchased the building, which sits in close proximity to The Fairmont – a development that the real estate company also owns.
At this point, it is not clear what Ellicott Development’s plans are for the building. The Fairmont will be landing a restaurant at some point. One would think that Ellicott Development would be purchasing this new property in order to add neighborhood amenities for the residents. The Fairmont joins The Lofts @ Elk Terminal in the pursuit to establish residential living in this Cobblestone sector.