Land once slated for an outsized 23-story glass tower has been sold, local sources told PLOG today. A search of the online City Register shows a memorandum of agreement between the former owner Henry Herbst and a new entity known as 31 Lincoln Road, Development LLC. Our tipsters also told us that the investors behind the purchase have gobbled up another nearby building on Lincoln and several other properties in the area, but we are unable to confirm this at present time.

It was almost exactly two years ago that plans for the property were announced with a design by Gilman Architects. Reaction to the project was mixed but most neighborhood residents appeared to object to the size of the structure in comparison to local architecture. It is currently unknown what new plans are slated for the empty parcel. PLOG will update the story as new details emerge.