Bill Weyland's City Properties group, in partnership with Ed Allgeier, are making steady progress at the circa 1880's era Guthrie-Coke Building (also known as the Caperton Block) at 566 Fourth Street.
Weyland purchased the property for $1.2 million in late 2009 and plans to develop it with a mix of apartments on the third and fourth floors, a recently announced headquarters for Volunteers of America taking over the second and part of the first floors, and a mix of retail on the remainder of the first floor.
The project is one element of Weyland's larger Clay Commons District plan, which Includes the previously renovated and restored Henry Clay, just around the corner, the Wright-Taylor building, which has already been restored and now awaits a tenant, and a new parking garage to support the area. City Properties Group is also planning for a possible boutique hotel across the corner from Guthrie-Coke in a currently vacant lot, wrapping the new parking garage.
Weyland purchased the property for $1.2 million in late 2009 and plans to develop it with a mix of apartments on the third and fourth floors, a recently announced headquarters for Volunteers of America taking over the second and part of the first floors, and a mix of retail on the remainder of the first floor.
The project is one element of Weyland's larger Clay Commons District plan, which Includes the previously renovated and restored Henry Clay, just around the corner, the Wright-Taylor building, which has already been restored and now awaits a tenant, and a new parking garage to support the area. City Properties Group is also planning for a possible boutique hotel across the corner from Guthrie-Coke in a currently vacant lot, wrapping the new parking garage.
Work on the building so far has included the removal of a mid-century corner storefront and extensive interior demolition as well as a total removal and rebuilding of the large utilities vault underneath the sidewalk, in front of the building. The vault has been completed and the sidewalk has been replaced and reopened.
The developers are aiming for an early 2013 completion date.
More pictures and links after the jump:
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| Future Retail Space |
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| Before the renovations. |
Related Links:
Business First Article on Volunteers of America moving in.
City Properties Group page on the Clay Commons District.
Broken Sidewalk photo tour of inside the building before the renovation.
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