INGATE

From The Sip Trunking Experts

TMCNet:  Developer seals deal to buy Union Station in downtown Wichita

[February 01, 2013]

Developer seals deal to buy Union Station in downtown Wichita

Feb 02, 2013 (The Wichita Eagle - McClatchy-Tribune Information Services via COMTEX) -- Union Station, the centerpiece of the city's plan to redevelop downtown Wichita, was sold on Friday to a prominent local developer.

Gary Oborny, who heads Wichita's Occidental Management, and his partner Chad Stafford closed Friday afternoon on the historic train station, acquiring it from Cox Communications. Terms of the deal were not disclosed.

Oborny plans to transform the building into a multimillion-dollar destination attraction, including retail, restaurants and potentially hospitality and office space -- a key business generator for Project Downtown, the city's master plan for revitalization.


"Obviously, already people understand what we have going downtown, see the opportunities we have, and they're making investments," Wichita Mayor Carl Brewer said.

"It's a good day," said Jeff Fluhr, president of the Wichita Downtown Development Corp., who called the transaction a key in the 2-year-old downtown master plan.

"We have a developer in Oborny with a track record of success in adaptive reuse (converting buildings), and an iconic structure that means a lot to the community," Fluhr said. "To have it back viable in the community is a tremendous boost to our efforts. This is at the core of creating a strong Douglas Street corridor that will lead to future important projects to its north and south." The deal wraps up more than four years of sale negotiations with various potential buyers, including at least one failed deal. NAI Martens of Wichita represented Cox Communications in the transaction.

Oborny's firm, best known locally for its work developing retail space and converting structures into top-level office space, has been pursuing the building for at least a year.

The announcement was good news to several other city officials on Friday.

"That's just great news, very exciting news," City Manager Robert Layton said. "And the best news about this is that the building's going to be in the hands of a company that's a proven developer in town. We are very excited about what Gary and Chad (company president Stafford) can do there." Wichita City Council member Pete Meitzner said reviving Union Station removes a big obstacle to the revitalization of downtown Wichita.

"It's an extension of Old Town," Meitzner said, "literally right across the street. If we are to be successful in the future landing passenger rail, I'm sure the city and the region will have a great partner with Gary Oborny's group to welcome Amtrak to downtown." Wichita attorney Tom Docking, the former chairman of the WDDC, called the building an "iconic foundation" of downtown Wichita's future.

"That's just spectacular news for downtown and the entire region," Docking said. "It is a beautiful facility and a great location to attract tons of people for whatever uses he may have in mind, especially if it can tie into the eventual revival of passenger rail in Wichita." Layton said Friday's announcement will be a valuable tool as city officials continue marketing downtown space, and will be the impetus for further development near the train station.

"This is an extremely important project," the city manager said. "We've seen a lot of important development downtown without that space being renovated or reused already. When we can get Union Station into development, it's going to help with the Spaghetti Works, the area around the park. There's an important linkage there that we can trigger." A deal in 2009 to sell the building to a Clay Center investor fell through in a dispute over parking.

Businessman Phil Frigon's $5.5 million deal to buy the campus fell through when he failed to lease parking to the city for Intrust Bank Arena.

The building went on the market in spring 2008, about a year after Cox vacated the building for bigger offices at 901 George Washington Blvd.

Also included are the old Rock Island depot and baggage facility -- formerly Tanya's Soup Kitchen -- and the old Wichita Grand Hotel, once occupied by Sullivan Higdon and Sink before becoming Cox Media.

The Rock Island depot, designed by J.T. Long, was built in 1887. Union Station opened March 8, 1914.

Train traffic ended at Union Station in 1979. The building sat empty until December 1982, when Multimedia Cablevision bought it and spent $3 million on an office remodel.

Reach Bill Wilson at 316-268-6290 or bwilson@wichitaeagle.com.

___ (c)2013 The Wichita Eagle (Wichita, Kan.) Visit The Wichita Eagle (Wichita, Kan.) at www.kansas.com Distributed by MCT Information Services

[ Back To SIP Trunking Home's Homepage ]

Loading
Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner


Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.