Salem’s cannery project stalls again after SilverSphere and Truitt Bros. fail to make a deal

A deal to develop the Truitt Brothers cannery into apartments, restaurant and retail space has stalled again after the two parties failed to negotiate a contract extension for a sale agreement.
Earlier this year, SilverSphere Capital, a New Jersey-based development firm, announced it was under contractwith the Truitt Brothers to purchase the property at Northeast Front Street and to move forward with a $150 million transformation that would include 383 apartments, walking paths and…





