Deco Gem (Pythian Bldg) for sale

[PonderInc]

Anybody want to buy one of the coolest art deco gems downtown?  Got a cool $1.4 million?

http://www.tulsaworld.com/business/article.aspx?subjectid=32&articleid=20120530_32_E1_CUTLIN700035

From the article:
"Kanbar Properties, the firm created to manage Kanbar's extensive downtown portfolio, is soliciting sealed bids for the three-story, 43,000-square-foot building at 423 S. Boulder Ave., according to a letter sent to potential investors.

The bids have a minimum of $1.4 million and are due at the offices of Jones Gotcher & Bognan at First Place Tower, 15 E. Fifth St., by July 10."

[Red Arrow]

Anybody want to buy one of the coolest art deco gems downtown?  Got a cool $1.4 million?

http://www.tulsaworld.com/business/article.aspx?subjectid=32&articleid=20120530_32_E1_CUTLIN700035

From the article:
"Kanbar Properties, the firm created to manage Kanbar's extensive downtown portfolio, is soliciting sealed bids for the three-story, 43,000-square-foot building at 423 S. Boulder Ave., according to a letter sent to potential investors.

The bids have a minimum of $1.4 million and are due at the offices of Jones Gotcher & Bognan at First Place Tower, 15 E. Fifth St., by July 10."

$32.56 per square foot.  Is that reasonable?  I don't know, that's not what I do.  It doesn't really matter to me though, I have no way to pay the interest on $1.4 for even a little bit.

[cannon_fodder]

Can't be!  Kanbar intends to really invest in the long term goals of downtown tulsa.  He isn't going to tear down or shutter buildings that are unprofitable in the short term, he won't add more surface parking, and isn't interested in just buying properties to flip.

Oh, wait...

[AquaMan]

What a lovely place for an Art Deco museum. Paging the foundation. Foundation please....

[TheArtist]

What a lovely place for an Art Deco museum. Paging the foundation. Foundation please....

What foundation?  You know something I don't lol?

[AquaMan]

"The" foundation. Starts with K and rhymes with Phizer.

[erfalf]

Who is the primary tenant in this building, or is it mostly empty? Does seem a little steep considering it's not particularly large. But I think they are asking for pretty much what they paid for it.

http://www.tulsapreservationcommission.org/artdeco/buildings/index.pl?id=20

Would have been awesome if they had completed the building as planned.

[swake]

Who is the primary tenant in this building, or is it mostly empty? Does seem a little steep considering it's not particularly large. But I think they are asking for pretty much what they paid for it.

http://www.tulsapreservationcommission.org/artdeco/buildings/index.pl?id=20

Would have been awesome if they had completed the building as planned.

Another article said it was 60% leased.

[carltonplace]

Who is the primary tenant in this building, or is it mostly empty? Does seem a little steep considering it's not particularly large. But I think they are asking for pretty much what they paid for it.

http://www.tulsapreservationcommission.org/artdeco/buildings/index.pl?id=20

Would have been awesome if they had completed the building as planned.

First floor is an office supply store. Agree that it would have been cool if all of the floors had been added, but this is a very striking building none the less.

[PonderInc]

First floor is an office supply store. Agree that it would have been cool if all of the floors had been added, but this is a very striking building none the less.

And Blue House Media and Quiznos also on the first floor.  Not sure who's upstairs, but it's a great location and a beautiful building.  (Just wish someone would restore the missing awnings.)

[Conan71]

And Blue House Media and Quiznos also on the first floor.  Not sure who's upstairs, but it's a great location and a beautiful building.  (Just wish someone would restore the missing awnings.)

Blue House Media is the hole in the wall where Urban Tulsa started as a monthly roughly 20 or so years back and Roy Oliver Jewelry was in the Quizno's space.  I think at the time, the IRS was leasing some space, otherwise the building was dark, like much of downtown.

Mrs. C and I walked around that area last Saturday morning and during Mayfest.  I remember working downtown 20 years ago, it seemed like an anachronism or an inside joke at best.  It's amazing how much more vibrant the CBD is in just 20 years.

[DowntownDan]

It would be really cool if someone could get the original plans and turn it into what it was originally supposed to be.

[dsjeffries]

It would be really cool if someone could get the original plans and turn it into what it was originally supposed to be.

That's my dream!

[TulsaGuy]

Anybody have any idea what % cost increase the art-deco exterior would add to an exterior constructed like the oneplace tower?

[sgrizzle]

That's my dream!

Any idea if the support system is in place for such a height? I know the current Community Care college on Sheridan is that way. Half finished but the support structure is there.