The more time I spend on Grant Street, the more I see the squandered potential of the district. Recently I posted on a couple of key buildings (click and scroll down the page) on the street that would be huge assets if renovated. Shortly after posting, I spoke to Grant-Ferry Association President, Bob Franke (pronounced fronkee), who told me that he was in possession of a case study rendering of the D&K building featured in my post.
The rendering, produced by Architectural Resources, had been created for an Urban Design Literacy Project called ‘Why Elmwood Works’ – the building, built in 1890, was featured as an example of how a building of this stature can rebound and become an anchor for a community. The usable bones of the building are healthy – it takes a developer with vision who can see the potential of an old-world neighborhood like Grant Street. This structure is very impressive to say the least. Can you imagine if a buyer moved forward using the aesthetic guidelines shown in the rendering? Bob also gave me the lowdown on the sale specs… From Bob:
“The square footage is approximately 20,000 square feet (including dry basement), the condition is alright… there are a lot of newer mechanicals, though the roof needs work and there is noticeable spalling of the brick in back. The entire structure is actually in pretty good shape. All three floors are wide open – it’s readily adaptable to any interior configuration. The windows on the second and third floor are blocked by a fake facade, but the windows are intact for the most part. It has an amazing basement that would also be an asset for a future owner.”
The current price of the D&K Building is $125,000. It’s being listed by John Mikoley at Pyramid Brokerage. This corner is not far from where Prish Moran has recently invested at the corner of Grant and Lafayette (see post) – also close to Guercio’s Market and the Academy School Conversion.
This is part of a Grant Street series – next week I’ll be taking a tour of the interior of the building, as well as featuring some of its structural neighbors.
D&K – 68 Grant Street