One of Old Town’s last undeveloped industrial warehouses is about to get an $8 million upgrade.
The developer, Ferguson Property Group plans to transform the old Winfield Wholesale Grocery building into a multifamily apartment project.
Ferguson Property Group bought the building in 2016 with plans for a mixed-use redevelopment, with restaurants and retail on the ground floor, and offices on the second and third floors.
However, they are now moving forward in a different direction. The remodel will include adding a fourth-floor penthouse to the roof, as well as a fourth-floor addition to the south side of the existing building.
The three-story historic warehouse, located at 701 E. 2nd, was built in 1910 and has about 38,000 square feet with a 10,000 square foot basement.
The building had been on the market for four years before Ferguson bought it in 2016. NAI Martens’ Patrick Ahern handled the deal.
Full article by Shelby Reynolds from The Wichita Business Journal.