Sherman Iron Works & Foundry

[Pete]

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|address=26 E. Main St.
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Information & Latest News

Standley Systems buys Sherman Iron Works building in Bricktown
Links

County Assessor Record
Gallery

[betts]

Yup, that's the one. One of my favorite buildings also. I was told the building west of it was not purchased. Again, this is just from someone who heard it from someone who is a Bricktown building owner.

[Spartan]

Is Ainsworth not renovating this?

[betts]

I heard it was sold. Again, second hand information.

[Pete]

Is Ainsworth not renovating this?

There hasn't been any building permits or signs of work there and the building has been actively marketed for sale over the last year.

A broker was hired, a website and professional flyer created, etc. Sounds like they may have a contract now but nothing yet registered with the County Assessor.

[ljbab728]

betts' information is confirmed.

http://newsok.com/standley-systems-b...rticle/3671243

[betts]

That wasn't really the news I was hoping for. I thought those two buildings would be great for retail. But I'm glad that lovely building will be restored.

[Pete]

They may still make some or all of the ground floor retail.

At least it went to an owner with a good track record of restoration.

[wschnitt]

It is for sure both buildings?

[Pete]

Application before the Bricktown Design Review Committee to renovate this building.... The owners are not wasting any time.

No details yet (other than "exterior renovation") but I look forward to having new life back in this structure.

[Spartan]

I would expect a pretty standard office renovation, will probably require complete finishings, a couple million dollars. We know Standley wants to use this building for their offices...

[wschnitt]

They already cleared out some old temporary style walls from the inside.

[Spartan]

It would be a lot cheaper to turn this building, which I presume is mostly unfinished inside, into loft spaces... especially if the city code was more conducive.

I wonder how much a Bricktown loft could fetch, especially in the little corner of Bricktown that is still authentic. Ah well, I share the sentiment that I am glad to see this building see new life and be restored.

[wschnitt]

This corner would be a lot better if deep duce and bricktown were connected along oklahoma.

[Pete]

$400,000 building permit to renovate.

[ljbab728]

$400,000 building permit to renovate.

That sounds like a fairly modest renovation. Maybe it's in good shape already?

[Spartan]

Already gutted. I too was anticipating a lot more. I can't help but wonder if Standley needed some cash flow with the old grocer building they've already mostly finished and needed their office to be done a little more cheaply, although the sale price of the iron works building doesn't corroborate that. The only thing that does is how long the construction site was boarded up on the old grocer building, especially just after they painted it red..

[ljbab728]

Already gutted. I too was anticipating a lot more. I can't help but wonder if Standley needed some cash flow with the old grocer building they've already mostly finished and needed their office to be done a little more cheaply, although the sale price of the iron works building doesn't corroborate that. The only thing that does is how long the construction site was boarded up on the old grocer building, especially just after they painted it red..

Spartan, is it getting late for you? I'm sure you have a good point in there somewhere but it's not easy to decipher.

[1972ford]

maybe the asbestos has already been removed that would bring down the costs considerbly or they could be doing the project in phases to get some of the building operating sooner.

[Spartan]

Spartan, is it getting late for you? I'm sure you have a good point in there somewhere but it's not easy to decipher.

I maaay have been drinking (just kidding), but I don't think that post is so undecipherable. I was drawing comparisons between the two active projects that Standley has going across the street from each other.

[Pete]

Some minor modifications for this building:

[Urbanized]

Those look like good HP-oriented modifications at first glance and with limited info. The wooden (I would guess) loft door is a nice touch. Wondering if that came from an old photo of the building.

[Pete]

BTW, the office portion of this little complex was the only thing sold to the new ownership group.

The other building to the west is still for sale and let's hope someone puts retail or a restaurant in there. So, so much potential:

[mcca7596]

Sorry, I forget, who is going to be in the old grocer across the street now that Standley is going to office in the Sherman building?

[Mr. Cotter]

The renovation is underway. Yesterday, a large portion of the exterior mortar was repointed, and it looks much better. It looked like a crew of about 10 was there this morning.