A firm in Florida now owns the Mineral Springs Building on Broadway in Alton. Mercy Realty in Tampa took over about six weeks ago according to a company spokesman. Mercy Realty bills itself on its website as “The Bargain Sale Experts.
Derick Sutton, Chief Marketing Officer for Mercy Real Estate, tells The Big Z they are currently looking for a property manager.
Click here for Sutton's comments
After that, he says the plan is to court more tenants. Mineral Springs opened in 1914 as a 90-room hotel and spa by the Luer brothers, but has also been a tobacco shop and was transformed into a mall in 1978.