The Price is Wright: Local group takes ownership of iconic Price Tower
David
Article: 'Local group takes ownership of iconic Price Tower'
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Paul Ringstrom
- Posts: 4777
- Joined: Sat Sep 17, 2005 4:53 pm
- Location: Mason City, IA
Re: Article: 'Local group takes ownership of iconic Price Tower'
Former owner of the G. Curtis Yelland House (1910), by Wm. Drummond
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Paul Ringstrom
- Posts: 4777
- Joined: Sat Sep 17, 2005 4:53 pm
- Location: Mason City, IA
Re: Article: 'Local group takes ownership of iconic Price Tower'
Bartlesville Art Association is staying at Price Tower until they find new space.
https://www.examiner-enterprise.com/sto ... 293225007/
https://www.examiner-enterprise.com/sto ... 293225007/
Former owner of the G. Curtis Yelland House (1910), by Wm. Drummond
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Roderick Grant
- Posts: 11815
- Joined: Wed Mar 29, 2006 7:48 am
Re: Article: 'Local group takes ownership of iconic Price Tower'
Towers in all cities are losing tenants since online jobs are making commuting obsolete. May be affecting Price as well.
What's to be done with commercially obsolete high risers in cities throughout the country?
What's to be done with commercially obsolete high risers in cities throughout the country?
Re: Article: 'Local group takes ownership of iconic Price Tower'
Conversion to residential is taking hold, slowly, despite the several obstacles. But it's clear that there will be many empty floors, into the future. In China, whole neighborhoods of residential towers were never occupied. The reasons are as yet unclear---to me.
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Roderick Grant
- Posts: 11815
- Joined: Wed Mar 29, 2006 7:48 am
Re: Article: 'Local group takes ownership of iconic Price Tower'
There are two obvious limits to changing towers from commercial to residential:
1) Many towers are too "fat" for the conversion, leaving the inner core unusable. The Chrysler Building is quite slender and would convert to residential easily, but most of the towers, especially along Park Avenue, are not fit for conversion.
2) Buildings that have been converted, such as Chicago Tribune or Woolworth (top 50% only), charge of millions of dollars for their condos. How big a market is there for such expensive flats?
It is just not a reasonable solution for the problem.
However, it might work if Price Tower created 8 spacious, 2-story units by adding the office areas to the apartments. The kitchens in the original apartment could be recycled as wet bars and the upper levels as quartet galleries. But Bartlesville would have a tough time getting 8 buyers come up with the cost of conversion and profit.
1) Many towers are too "fat" for the conversion, leaving the inner core unusable. The Chrysler Building is quite slender and would convert to residential easily, but most of the towers, especially along Park Avenue, are not fit for conversion.
2) Buildings that have been converted, such as Chicago Tribune or Woolworth (top 50% only), charge of millions of dollars for their condos. How big a market is there for such expensive flats?
It is just not a reasonable solution for the problem.
However, it might work if Price Tower created 8 spacious, 2-story units by adding the office areas to the apartments. The kitchens in the original apartment could be recycled as wet bars and the upper levels as quartet galleries. But Bartlesville would have a tough time getting 8 buyers come up with the cost of conversion and profit.
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Roderick Grant
- Posts: 11815
- Joined: Wed Mar 29, 2006 7:48 am
Re: Article: 'Local group takes ownership of iconic Price Tower'
Has a tornado ever hit a high-rise building? What would happen? If this plan goes through in the heart of Tornado Alley, we may find out.
Re: Article: 'Local group takes ownership of iconic Price Tower'
Dinosaur
Something tells me the time of tall buildings is over.
Something tells me the time of tall buildings is over.
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Roderick Grant
- Posts: 11815
- Joined: Wed Mar 29, 2006 7:48 am
Re: Article: 'Local group takes ownership of iconic Price Tower'
Tom, I agree. Freeways too.