Stambaugh building

[Rick Rowlands]

Here is what Frangos said about the Stambaugh Building in a Vindicator article from last year:

Frangos is optimistic about the successes of the Wick, Realty and Erie projects. But not so with two other buildings he co-owns: the Stambaugh Building on East Federal Street and the Paramount Theatre on West Federal Street.

Frangos co-owns Stambaugh with Platia Square LLC, a New York City company. The building's sale price was $1.15 million, but Frangos said his company and Platia put up only a small amount of that money, and Stambaugh's ownership will probably revert back to the Seattle company that had owned it. The building's lone rent-paying tenant is Buffalo Wild Wings. Peregrine falcons nest on the building's roof.

"It would make a great hotel site, but we've been told it would cost $15 million" for that project, Frangos said. "It's cost-prohibitive."

So what will the Seattle based company do with the building when they get control of it again?  Hopefully find another buyer for it, or at least stabilize the structure.

[Rick Rowlands]

Frangos doesn't want the building, and probably wishes he could be rid of it.  I fear for the survival of this structure.  Its on the National Register.  I think that a grassroots effort needs to be created that would advocate for the preservation of this building.  

[northside lurker]

Here's a picture I took this May.

There were a few missing window panes, but all of the windows were still there. (I think the missing panes blew in during last summer's big storm.)  I don't know why they took out so many, unless they were inspected and deemed to be unstable.

I just hope they replace the windows (and not with plywood!!!) before any bad weather can damage the building.

[Elmo-Ytown]

It looks like there are hardly any windows left in the place, how many fell out, and how many were missing in the first place? Talk about a pedestrian nightmare, half of downtown is under contruction, and the other half has falling windows...

[jay]

East Federal is closed in front of the building.  The parking lot next to BW-3 is closed.  There is no access to the sidewalks around the building.

In the photo below, only a few windows are left in the upper floors.

[jay]

Did BW-3 close?

I've heard the Streetscape group has to rearrange their plans for the Saturday, June 7  flower planting.  Tents will have to be pitched at another location.

[northside lurker]

I guess this is probably related:

http://www.vindy.com/news/2008/jun/05/pane-glass-window-falls-from-bw-3-in-downtown/?newswatch

I wonder if they will actually fix the windows, or just board them up.

[northside lurker]

Does anyone know what's happening with the Stambaugh building?  Many of the windows have been removed.  Are they just replacing the windows, or are there bigger plans?