My favorite absentee landlord, Joe Riddle, has found a tenant for the vacant Gap/Carolina Theater space* at the corner of Franklin and Columbia Streets. However, he's being very tight-lipped about what is going in there. This makes me hopeful, but also nervous. This should be an improvement over the other vacant Franklin Street storefronts and lots that Riddle owns, but then again he doesn't exactly have a record of being terribly concerned about the well-being of our downtown.
The Daily Tar Heel reports that Riddle has signed a lease and begun demolition inside, but hasn't applied for any permits that might offer a clue as to at least what type of use this will be nor who the tenant is. Anyone want to guess?
