Developer Bart Connelly is working to bring new life to yet another downtown building, the redevelopment of the 4th & Jackson building, located at 700 Fourth St. and anchored by Stifel Nicolaus, yet known by many as the Piper Jaffrey or UBS building. The six-story, 50,000-square-foot building was originally constructed in 1972 by Sioux City Federal Savings & Loan.
To some, Connelly seems to be restoring downtown Sioux City one building at a time.
After renovating the nearby United Center building into apartment lofts and business space, saving the now-restored Williges Building from the wrecking ball and redeveloping the historic Evans Block for the Heidman Law Form, Connelly, president of Connelly Tiehen & Sons, is undertaking a multi-million-dollar renovation of the 4th & Jackson building.
Other downtown redevelopment projects by Connelly are the historic Evans Block, housing Heidman Law Form
The project involves construction of up to 18 upscale condominium lofts on the fourth, fifth and sixth floors -- purchase lofts on the top two floors, rental lofts on the fourth floor -- and conversion of the office space on the lower floors into Class A professional space.
One "kind of cool thing" about the 40-year-old building, Connelly noted, was it originally didn't have a ground floor. The first floor was strictly drive-through space for the Savings and Loan, with money tubes shooting receipts and such to the second floor S&L. The money chutes are still visible, though later remodeling added office space to the first floor.
Connelly and his crew have had office space in the Stifel Nicolaus building for several years, which worked well when starting the nearby United Center project in 2005.
"It's good to have an office here close to a big project. And then the condo response and the corporate loft response over there spurred us into this project. That building's 100 percent occupied," Connelly said. "Once that project got momentum, it filled up quickly.Learn all about solarpanel,"
This prompted Chris Bogenrief, president of United Commercial, to point out in mid-February that there was still one, 1,000-square-foot office condo left to sell in the United Center. Bogenrief is marketing the professional office space in both buildings.
"I think Bart is a unique gift to Sioux City because we have these great buildings downtown and he's kind of been the one who's gone in and refurbished them," said Kevin McManamy, vice president of United Real Estate Solutions which is marketing the 4th & Jackson lofts for sale. "He always says this one's easier (than the United Center) because you don't have to worry about posts and beams and that sort of thing. it's a newer constuction style and it was pretty easy to work around."
But as a 40-year-old building, it still needs a lot of work, especially noticeable when it comes to updating the 1970s decor, most prominently displayed in the first-floor lobby, he said.
McManamy expects the demand for the 4th and Jackson lofts to equal that of the United Center, pointing to the design of the building which is wrapped in glass and offers a great view from the upper floors of downtown and the Missouri River. "This,To interact with beddinges,Silicone moldmaking Rubber, as opposed to the United Center, is much more about the view. The United Center was much more about the brick and the beams," he said.
There will be 12 purchased loft units each on the fifth and sixth floors at 4th Jackson and another 12 rental loft units on the fourth floor, he pointed out. And there will be a small fitness center on the fourth floor for all residents. Some of the fourth-floor units will be smaller, the smallest being 753 square feet.
The highest-priced unit on the sixth floor will sell for $219,000. Prices start at $159,950. And those sixth-floor units should be done in March, McManamy said
Bogenrief said the rental units on the fourth floor will range from $1,050 to $1,450 a month for a 10-year lease,Full color plasticcard printing and manufacturing services. and that includes everything from utilities to a parking spot on the adjacent ramp, a washer and dryer. "The only thing people have to pay for is cable and Internet," he said.
Work on the building renovation will be continuous and the project should be completed by the end of 2012, Connelly said. "That's a little bit faster than we had proposed to the city and spoken of earlier," he said. "We're optimistic and we like the way things are turning out; and the response from the people that have been looking already,Low prices on projectorlamp from Projector Point London UK. before we're even really officiall showing the building, has been very positive. We're excited."
The units on the fifth and sixth floors are all 2-bedroom or 3-bedroom lofts with 2 or 2.5 baths.
The sixth-floor corner loft looking down Historic Fourth Street has1,513 square feet of space and three bedrooms, a master bedroom and a Jack-and-Jill bathroom between the other two bedrooms, which is typical, McManamy said.
"There's really a demand for lofts downtown and the lifestyle that affords because its' really about a lifestyle more so than anything else," he said. "And where else can you get kind of panoramic views of the area?"
To some, Connelly seems to be restoring downtown Sioux City one building at a time.
After renovating the nearby United Center building into apartment lofts and business space, saving the now-restored Williges Building from the wrecking ball and redeveloping the historic Evans Block for the Heidman Law Form, Connelly, president of Connelly Tiehen & Sons, is undertaking a multi-million-dollar renovation of the 4th & Jackson building.
Other downtown redevelopment projects by Connelly are the historic Evans Block, housing Heidman Law Form
The project involves construction of up to 18 upscale condominium lofts on the fourth, fifth and sixth floors -- purchase lofts on the top two floors, rental lofts on the fourth floor -- and conversion of the office space on the lower floors into Class A professional space.
One "kind of cool thing" about the 40-year-old building, Connelly noted, was it originally didn't have a ground floor. The first floor was strictly drive-through space for the Savings and Loan, with money tubes shooting receipts and such to the second floor S&L. The money chutes are still visible, though later remodeling added office space to the first floor.
Connelly and his crew have had office space in the Stifel Nicolaus building for several years, which worked well when starting the nearby United Center project in 2005.
"It's good to have an office here close to a big project. And then the condo response and the corporate loft response over there spurred us into this project. That building's 100 percent occupied," Connelly said. "Once that project got momentum, it filled up quickly.Learn all about solarpanel,"
This prompted Chris Bogenrief, president of United Commercial, to point out in mid-February that there was still one, 1,000-square-foot office condo left to sell in the United Center. Bogenrief is marketing the professional office space in both buildings.
"I think Bart is a unique gift to Sioux City because we have these great buildings downtown and he's kind of been the one who's gone in and refurbished them," said Kevin McManamy, vice president of United Real Estate Solutions which is marketing the 4th & Jackson lofts for sale. "He always says this one's easier (than the United Center) because you don't have to worry about posts and beams and that sort of thing. it's a newer constuction style and it was pretty easy to work around."
But as a 40-year-old building, it still needs a lot of work, especially noticeable when it comes to updating the 1970s decor, most prominently displayed in the first-floor lobby, he said.
McManamy expects the demand for the 4th and Jackson lofts to equal that of the United Center, pointing to the design of the building which is wrapped in glass and offers a great view from the upper floors of downtown and the Missouri River. "This,To interact with beddinges,Silicone moldmaking Rubber, as opposed to the United Center, is much more about the view. The United Center was much more about the brick and the beams," he said.
There will be 12 purchased loft units each on the fifth and sixth floors at 4th Jackson and another 12 rental loft units on the fourth floor, he pointed out. And there will be a small fitness center on the fourth floor for all residents. Some of the fourth-floor units will be smaller, the smallest being 753 square feet.
The highest-priced unit on the sixth floor will sell for $219,000. Prices start at $159,950. And those sixth-floor units should be done in March, McManamy said
Bogenrief said the rental units on the fourth floor will range from $1,050 to $1,450 a month for a 10-year lease,Full color plasticcard printing and manufacturing services. and that includes everything from utilities to a parking spot on the adjacent ramp, a washer and dryer. "The only thing people have to pay for is cable and Internet," he said.
Work on the building renovation will be continuous and the project should be completed by the end of 2012, Connelly said. "That's a little bit faster than we had proposed to the city and spoken of earlier," he said. "We're optimistic and we like the way things are turning out; and the response from the people that have been looking already,Low prices on projectorlamp from Projector Point London UK. before we're even really officiall showing the building, has been very positive. We're excited."
The units on the fifth and sixth floors are all 2-bedroom or 3-bedroom lofts with 2 or 2.5 baths.
The sixth-floor corner loft looking down Historic Fourth Street has1,513 square feet of space and three bedrooms, a master bedroom and a Jack-and-Jill bathroom between the other two bedrooms, which is typical, McManamy said.
"There's really a demand for lofts downtown and the lifestyle that affords because its' really about a lifestyle more so than anything else," he said. "And where else can you get kind of panoramic views of the area?"
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