WICHITA — Developers Robert Eyster and Michael Ramsey have landed their second commercial tenant for the Lux, and this one is awfully similar to the first.
The Defense Contract Audit Agency is taking 4,600 square feet in the building, which is the former Protection One office at the northwest corner of First and Market.
“It’s an incredible opportunity to get two anchor tenants,” Ramsey says. “Those are two significant anchor tenants.”
Ramsey and Eyster are remodeling the 7-story, 171,000-square-foot building into luxury apartments and possible condos and will have commercial space on the first two floors.
There’s only about 30 percent of the second floor left to lease now that the government deals are done.
Ramsey says the building’s first three floors will be finished this summer so the agencies shouldn’t be bothered by construction noise.
Along with commercial space on the first floor, there will be meeting and venue spaces in former theater and hospitality areas that the Kansas Gas and Electric Co. used when the building was built in 1953.
“It still has the original screen and the original …projection room,” Ramsey says.
There’s a 1950s-style kitchen in the hospitality space.
“Those things are going to be upgraded and restored to their original 1950s finishes,” Ramsey says.
Residential units start on the third floor. Ramsey says the remainder of the building will be finished by 2014.
Leisa Lowry with J.P. Weigand & Sons handled both agency deals.
Ramsey says the leases have the potential to be lengthy ones.
“Both of them have the ability to go out 15 years.”