3 - March 2019

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WICHITA RECAP

M A R C H

Cocoa Dolce is moving its headquarters downtown. Late last year Coleman vacated its longtime space at 235 N. St. Francis and the building was sold. Cocoa Dolce will transform part of the 21,000-square-foot building to be its main production facility, along with a retail space. The chocolate artisans’ current production space is in Comotara business park. The other side will have corporate office, conference and break rooms.

The new Spaghetti Works District has secured another tenant. Eric Fisher will open its fourth salon in the new mix-use development. The salon will occupy a 1,600-square-feet space facing Douglas Avenue . Other tenants in the building will include Martin Pringle law firm and HomeGrown . The salon will reportedly open this fall.

435 S. Broadway, Wichita, KS 67202 | 316-262-0000 | www.naimartens.com

Tony Abdayem , owner of La Galette French Café & Bakery , has purchased the building to the west of his at Douglas and Seneca . The building, constructed in 1910, is covered in white stucco. Abdayem is working with the city’s façade improvement program to remove the stucco and expose the brick underneath. After the renovations Abdayem will lease the building, though he says it will not be a restaurant due to limited parking.

The Scottish Rite Center sold for the first time since 1898. The Wichita Scottish Rite has owned the historic building since not long after its construction. The deal was brokered by Glenn Cox and Steve Martens of NAI Martens . The building was purchased by an entity call BCG Historic Wichita and will use the center for entertainment and events. The owners are based in Arkansas and have experience with similar historic venues. A small space will be leased back to the Scottish Rite.

435 S. Broadway, Wichita, KS 67202 | 316-262-0000 | www.naimartens.com

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WICHITA RECAP

M A R C H

Payless ShoeSource filed for bankruptcy and will close all of its stores, about 2,300. The company, headquartered in Topeka filed for Chapter 11 in April 2017 and closed 670 stores. Payless has Wichita locations in Towne East and West , as well as in New Market Square and in Parklane Shopping Center .

A new multifamily development is coming to Riverside . The site of the Booth Memorial Hospital , at 11th and Amidon next to the Castle Inn Riverside will be occupied by the Riverside Park Villas , the first phase of which will be 22 luxury twin homes. The units will be 1,200 to 1,400 square feet with two bedrooms and two bathrooms. NAI Martens’ Jeff Englert and Nathan Farha sold the seven-acre site in November 2017.

435 S. Broadway, Wichita, KS 67202 | 316-262-0000 | www.naimartens.com

A citizens committee formed to study the future of Century II and performing arts in Wichita recommended a new venue be constructed near the current building. The committee estimates the cost of a new state-of-the-art facility would be about $155 million. The committe did not make a recommendation regarding the future of the Century II building. The committee suggested a spring 2020 voter referendum to find public financing. The recommended next step is to gather proposals to determine a site.

Honeywell Aerospace announced last month that it is closing its Wichita facility and consolidating its operations to Olathe . The company will close its Wichita operation by the end of this year. Honeywell occupies a 275,000-square-foot facility at 7227 W. Harry St. near the airport. About 175 Wichita employees will be affected.

435 S. Broadway, Wichita, KS 67202 | 316-262-0000 | www.naimartens.com

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