Wondering What to Do With the Former First National on Elm Steet? Wonder No More.
|Elm Place, once the largest building west of the Mississippi, in the shadow of Renaissance Tower|
A good Friend of Unfair Park forwards along Colliers's conceptual plans for 1401 Elm Street, which includes the financials and makeover suggestions provided by Merriman & Associates, whose namesake, Jerry Merriman, writes, "The Tower at Elm Place is ideally designed for residential uses. We wouldn't change it if we were designing it from the ground up." The asking price is $51.5 million, but after the conversion to retail-residential (with some office space -- your 51.5 mil, your choice), you stand to pocket close to $4 mil annually. Done.