Demolishing the structure was the last step necessary for previous managers, CMS, to collect on the insurance claim.
New owners, EJ Plesko & Associates, are now in the early stags of conducting a market analysis.
“You want to look at surrounding areas,” said Plesko official Brandon Scholz. “You want to know what apartments are like, what condos are like, what businesses are like and be able to look at what you have and how much more development you want to put into it.”
EJ Plesko & Associates hopes to have a redevelopment plan to Fitchburg officials by early 2006.