A new developer is stepping in to helm the $150-million transformation of the former home of Truitt Bros. Cannery north of downtown Salem after the revitalization stalled under a previous developer.
The deal is currently under contract and expected to close in mid-May. Aaron Stickney, co-founder and managing member of SilverSphere Capital, said on March 17 that funding for the sale and build has already been secured.
A total of almost 800 apartments, a grocery store, automatic parking garage, wine bar and restaurants are planned at the site…