The three-story building located at 120 E. Superior Street in downtown Duluth has an interesting history to say the least, and now, after previously being closed because of its previous owner selling synthetic drugs out of a first-floor business called The Last Place on Earth, it appears Titanium Partners LLC has now purchased the building and plans to develop a family entertainment center and luxury condo residences that overlook beautiful Lake Superior.
Chatter about Titanium Partners acquiring the building originally started last fall, however, it appears development plans are now official and finally moving forward according to a more recent report from KSTP.com.
Public records revealed the building was purchased by Titanium Partners for just $70,000 last August, well below the initial list price of $169,900. The new owners are saying the historic three-story building that was once home to Duluth’s notorious head shop is in desperate need of a new roof, which of course was a primary factor in why the final sale price was so much lower than what was being asked originally.
As noted by KSTP, one of the major hospitals in the Duluth area claimed synthetic drug patients needing emergency assistance dropped 95% after The Last Place on Earth closure, so it’ll certainly be nice to see the building being put to better use, as well as provide an eventual buyers with some pretty cool new condos in a great downtown location as well.
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