Wichita developer Austin Kinzle has jettisoned his plans to buy the former New Medical Health Care building at 10525 W. 21st N.
He had wanted to scrape it and build a new strip center for the restaurant.
But the numbers didn’t work. Kinzle says the doctors who still own the property wanted some value out of the building. For a retail developer, there isn’t any.
“There’s a little bit of a disconnect there,” Kinzle says.
Now, developer Brad Saville has the property under contract.
He says he has two scenarios for it, one that would leave the 7,700-square-foot building in place and one that would remove it. If the building stays, it would be converted to retail with new glass, a raised facade and a new parking lot. There would be room for an additional fast-food restaurant.
“We are receiving a tremendous amount of interest,” Saville says. “We hope to have some announcements before the end of the year.”
Read more: No pancakes coming to 21st and Maize Road | Wichita Business Journal