The 42,000-sf, seven-story structure is being upgraded to current codes, the main entryway is being totally redone, ground floor retail is being made available and there is talk about maybe putting a new skin on, says Cushman & Wakefield's Mike Holzgang, the listing broker.
"We're in the process right now of figuring out how much we want to do," Holzgang tells GlobeSt.com. "The architects are cooking up plans and the contractors are pricing it out."
Whatever happens, the building won't be in want of tenants. More than likely, it will be turning some away. At 710 S.W. Second Ave., the building sits right on the city's light rail line, adjacent the Bank of America Financial Center and across the street from the Rock Bottom Brewery.
Indeed, says Holzgang, with the renovation not yet underway, prospective tenants already have expressed interest in multiple floors. Like he did with the Dekum Building, a recently renovated office building for which he also holds the listing, Holzgang hopes to have Lindsay leased up before the renovation is complete. Rents will be in the $18.50 to $19.50 range per square foot per year.
The Linsday actually came close to being torn down. "We actually explored doing a high rise on the site," said Holzgang. Eventually, however, it was determined that the existing building, built in 1964, was still feasible for cultivation.
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