BUSINESS FEED

Court halts Vandever Building changes

By SUSAN HYLTON World Business Writer on Aug 23, 2013, at 5:13 AM  Updated on 8/23/13 at 5:28 AM


The six-story Vandever Building, 16 E. Fifth St., was built in 1924 and once housed the Vandever Department Store.  JAMES GIBBARD / Tulsa World file

Real Estate

Homebuilder outlook steady amid mortgage rate fears

U.S. homebuilders' confidence in the housing market held this month at its highest level in nearly eight years. But builders are starting to worry that sales may slow if mortgage rates continue to rise.

Home construction up 24 percent in metro Tulsa this year

New home construction in the Tulsa region from January to August is outpacing last year's numbers, a continuation of the upward tick that started in 2012 following a six-year slide.

CONTACT THE REPORTER

Susan Hylton

918-581-8381
Email

The historic Vandever Building’s conversion into a 44-unit apartment building with street-level retail has hit a snag with its adjoining neighbors, who have obtained a temporary restraining order halting construction of a parking garage in the Vandever basement.

“It’s delaying the project. I don’t know how long this will take,” said Bryan Bickel, president of Sustainable Design Builders, the construction company leading the project at 16 E. Fifth St. “There’s financing in place. People have shops in there expecting me to be done at a certain date.”

Bickel said the project was targeted for completion by early next year.

Tulsa County District Judge Daman Cantrell issued a temporary restraining order against the Vandever’s owners, TDL NOW II, after Fifth Street Corridor (FSC), which owns the Thompson Building, filed a lawsuit alleging that the construction of the parking garage would be an “unreasonable interference” because the exit would cause traffic to cross FSC’s easement and violate FSC’s rights in getting in and out of its property.

The lawsuit says the original owners of the buildings agreed in the 1920s that neither would put in trap doors or openings in the alley that would cross the easement. It further notes that Thompson gave Vandever permission to construct a skybridge over the easement in 1945.

FSC ultimately seeks a permanent injunction.

“We certainly recognize the easement that exists, but our intended use doesn’t interfere with their rights pursuant to their easement,” said Kenny Joe Smith, the attorney for TDL. “We have a right to use it as long as we do not unduly burden their rights.”

Smith said the easement is only 15 feet wide and runs east to west behind the buildings. It connects to the public alley between Fifth and Sixth streets.

The Thompson Building, at 20 E. Fifth St., has a back door to the easement, but Smith said it appears that most employees use the front door on Fifth Street. The easement is not big enough for parking.

In fact, Smith said a large sign prohibits parking, though one vehicle routinely parks there.

FSC’s attorney, Thomas Askew, could not be reached Thursday.

Smith said he is in communication with Askew and hopeful they can reach an agreement. A court date has not been set.

Bickel said he thinks there was simply a misunderstanding.

“They believed we were going to tear the alley out and build a ramp in the alley. But the plan is to leave the alley intact, cut a hole in back of the Vandever building and put a ramp inside the Vandever building,” he said.

“The way it’s designed, it won’t do anything to the Thompson Building, but they didn’t understand that.”

Bickel said the basement is larger than the footprint of the Vandever building. The old basement housed an antiquated mechanical room, which will be torn out. When a high-efficiency system is installed, it will free up the square footage needed for parking, Bickel said.

Bickel’s company also performed the renovation and conversion of the old City Hall into the Aloft Tulsa Downtown hotel.

The Thompson Building was built in the Beaux Arts style in 1923 with 10 floors. Five more stories were added in 1929.

A Jimmy John’s restaurant opened on the ground floor of the Thompson Building recently. Other tenants include KWB Oil Property Management, which manages the building, and Schnake Turnbo Frank public relations firm.

A KWB representative could not be reached Thursday.

The six-story Vandever Building, which housed the illustrious Vandever Department Store, was built in 1924.




Susan Hylton 918-581-8381 susan.hylton@tulsaworld.com
Real Estate

Homebuilder outlook steady amid mortgage rate fears

U.S. homebuilders' confidence in the housing market held this month at its highest level in nearly eight years. But builders are starting to worry that sales may slow if mortgage rates continue to rise.

Home construction up 24 percent in metro Tulsa this year

New home construction in the Tulsa region from January to August is outpacing last year's numbers, a continuation of the upward tick that started in 2012 following a six-year slide.

CONTACT THE REPORTER

Susan Hylton

918-581-8381
Email

COMMENTS

Join the conversation.

Anyone can post a comment on Tulsa World stories. You can either sign in to your Tulsa World account or use Facebook.

Sign in to your online account. If you don't have an account, create one for free. To comment through Facebook, please sign in to your account before you comment.

Read our commenting policy.


Join the conversation.

Anyone can post a comment on Tulsa World stories.

Sign in to your online account. If you don't have an account, create one for free.

Read our commenting policy.

By clicking "Submit" you are agreeing to our terms and conditions, and grant Tulsa World the right and license to publish the content of your posted comment, in whole or in part, in Tulsa World.