Above first floor, buildings in Bricktown remain vacant
BY STEVE LACKMEYER
Published: January 15, 2009
When Spaghetti Warehouse opened 20 years ago in Bricktown, it set forth a development trend that saw restaurants and shops open on the first-floor level of old warehouses while upstairs went vacant.
A wave of new development has longtime observers like Jim Cowan, director of the Bricktown Association, hoping those days may be over.
"It’s been a big problem; most of these buildings are vacant above the first floor,” Cowan said of the trend. "I think that’s the least desirable space in the way that Bricktown has been developed.”
Cowan suspects costs associated with renovating the upper floors of warehouses built prior to World War II and difficulties complying with modern codes are to blame. But he thinks the biggest source of hesitation for upstairs development — parking — may finally be fading.
"One of the slowest times for Bricktown parking is during the day,” Cowan said. "Many of the tenants of these upper floors are offices with daytime businesses.”
Chuck Ainsworth, a developer in Bricktown the past dozen years, is busy wrapping up renovation of the seven-story Candy Factory building, 1 E Sheridan. He points to the Spaghetti Warehouse as an unfortunate trend-setter when it kicked off the emergence of Bricktown as an entertainment district.
"I think they were inhibited from developing upper floors because they weren’t confident of their parking situation,” Ainsworth said.
Ainsworth thinks those woes have been answered with the addition of hundreds of parking spaces a block north along Main Street. Karchmer, who owns and operates the north lots, has deals pending or signed with Allen Contracting and a Tulsa architectural firm that is going to open offices in a recently renovated building along the 200 block of Main Street.
"If you have a building on the National Register of Historic Places, it significantly impacts the costs,” Ainsworth said. "You can also sell the tax credits — it’s tricky, but you can sell them.”
Such assistance, Ainsworth said, was critical in covering the expense of constructing a $450,000 elevator tower on the north side of the Candy Factory and spending $500,000 on new windows.
Karchmer is weighing all of the same considerations for 4 E Sheridan. He can provide parking in an adjoining lot for office tenants but is reluctant to pursue tax credits because of worries about bureaucratic delays and other restrictions.
"Steel costs are down,” Karchmer said. "I think we can get a better price right now than seven or eight months ago. But the con is there are not as many cats out there looking for space. To make it, you’ve got to see what kind of investment you’re looking at. If we can get a decent bid, we’ll probably do it with or without a tenant. I think we can get the tenants with what will be the slickest space in Bricktown.”
Upper floors get attention
Jim Cowan, director of the Bricktown Association, is looking forward to more upstairs windows lighting up in the district’s old warehouses. Wednesday the Bricktown Urban Design Committee reviewed plans for four projects that involve improvements to long-vacant upper floors:
• Interior demolition is under way in the upper floors at 2 E California and 12 E California as the owners, oilmen John Shelton and Charles Harding, prepare to convert the empty space into offices overlooking the Bricktown Canal.
• Veteran Bricktown developer Don Karchmer is weighing cost estimates for a four-story addition at 4 E Sheridan that would allow for addition of stairways and construction of offices in the top three floors. The building’s only current occupant is the Melting Pot located on the first floor.
• Allen Contracting is looking at renovating both floors of a long-vacant warehouse at 129 E Main and adding a third story. Company owner Jeff Allen said he plans to move his offices into the property, which first caught his attention while his company was refurbishing the adjoining Walnut Avenue Bridge.
• The white and yellow facade at 27 E Sheridan will be repainted red as a new restaurant, Brix, prepares to open. Building owner Jeff Moore is looking at a $20,000 estimate provided by Brix operators to restore windows that are covered with plywood.
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