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Majestic Temple of Finance

Beaux Arts 1903 Bank

Entrance

This bank can be moved to any site worldwide.

Drone Video of Bank

Front

Classic Revival Beaux Arts

  $ 4,950,000  ( 4,137,000)


 





This is what the building would look like if the sides were swung parallel to the front face ... 104 ft wide upon reconstruction.
 
Visit Street View

 
Google Street View of the building.

 

 


 

Secure Gold and Precious Items

           

Two Mosler Walk In Vaults

 Mosler Vaults survived Hiroshima nuclear blast


 

This Beaux Arts style bank signaled financial stability and integrity designed to assure depositors that their money would be safe.  Its architecture is evocative of prosperity, wealth, prestige, security, capitalism, strength, tradition, reliability, authority, success, trust, endurance, confidence, and stability.

The noble Beaux Arts style heavily influenced the architecture of banks in the period from 1880 to 1920. Designed by Samuel Hannaford, one of America's leading architects, employing French and Italian Baroque neoclassical style.  Bold, sculptural enhancements in the finest finishes the client could afford gave employment to generations of architects, carvers, and craftsmen design teams of the first truly modern architectural offices.  The quality of materials and craftsmanship evident in this building is absolutely marvelous.

Appropriate clients would be financial service firms, family offices, brokerages, venture capital,  or other financial businesses needing an impressive and remarkable structure.

Samuel Hannaford (1835 - 1911), one of the most admired architects of the late 19th century, built this bank in 1903 to cater to new wealth.  Its lobby offered riches of eight types of Italian carrara marble.  The exterior is a distinguished limestone veneer.  The building is now isolated by an interstate and several wide streets.  Operated as a commercial bank for 75 years, the branch limped along as the area declined, finally closing in 1978.  The geography of the bank's present location cannot economically support the grandeur of the building itself.

            

ResErections, Inc. specializes in documenting, marketing and disassembling architecturally unique and historical buildings that can be reconstructed on sites where the costly investment in renovation results in the creation of new real estate wealth.  We save wonderful historic buildings from demolition.

               

Recent developments in Laser Imaging and Measurement and AutoCad and BIM - (building information modeling) architectural software and RFID item tagging (radio frequency identification) has made the difficult task of disassembly, relocation, and accurate reconstruction of buildings practical.  We know how to keep track  of thousands of pieces allowing restoration in their original position with precision and how to remove, package, transport, and deliver each at the time reinstalled.

ResErections collaborates with local architects and tradesmen at both the source and destination of the buildings. We do not rebuild because we have no control over what the new owner and architect want to do. We build the supply chain between the seller and the buyer of reputable professional firms. We document the structure, supervise on-site disassembly work, and package and ship the recovered components. We recover everything that will not crumble when touched.

Our goal is to return this uniquely beautiful structure to its original purpose on a suitable site for financial services, banking, and ultra high end retail business again, and a great one. Well worth whatever it costs to do it right. Berlin, Paris, Sydney,  New York, Chicago, San Francisco, Toronto, Washington, London, Hong Kong, Singapore, Mumbai, Brussels, Vienna,  Boston, Dubai  Cayman Islands. 

Highest quality skilled documentation, disassembly, and accuracy in reconstruction with old time craftsmanship and advanced technology wherever appropriate will restore this building by favorable relocation.

We are only interested in completely moving entire buildings. Buildings whose value will increase 20 times by relocation to a vibrant financial community. We create a great deal for the buyers, the sellers, the doers, and the public ... turning American wealth into Americans at work.  

The delivered price, $ 4,950,000 is a great bargain for this 15,600 sqft structure.  The materials alone, the exterior carving, marble, safes, travertine flooring, and fine elaborate details would cost many millions to reproduce today.  There are 8 different types of marble in the building.  The vaults themselves are worth millions, and are functional, including hundreds of safe deposit boxes. To design and build this today from scratch would cost $ 30 million.  Appropriatly sited, the building would be permanent and priceless.  Due to the accuracy of laser and image documentation and careful disassembly, the building can be accurately reconstructed with precision for far less because all of the materials are included.

 

    

Entrance - Marble Surrounds - Travertine Floors  -  15,600 sqft

    

Main Banking Floor - Skylight - Marble Counters

    

Second Level Balcony above Banking Floor

This building is confined by its triangular site and limited to 15,600 sqft.  The blue area is four stories with vaults in the basement.  The orange area is the skylighted banking floor, ringed with offices.  Upon reconstruction, the two 4 story angled sides can easily be swung parallel with the original front for a 104.6 ft frontage, (30+34+40.6) ... allowing a much larger building footprint and variable square footage. 


Apple's Newest Grand Stores

 Brisbane, Australia Apple Store

 General MacArthur's headquarters during WWII

 Columns and the railing on the balcony.  Same as our bank.

The steps ... Inch thick carrera marble ... same as our bank.

Apple's Newest Store in Washington DC - In Development


 

Back to Our Bank ---

North

  

Skylit Banking Floor

    

Basement Vault Area

           

     

Italian Carrara Marble Stairs

   

Marble Counters & Trim -- Travertine Tile Floors

   

Cream Limestone color       Column Capitals         Brass Door Handles

 

          

        

Third and Fourth Floor Executive Offices

            

               

        

Historic Images

The building is road locked - isolated by an interstate, major urban industrial arterials, and several wide streets.  Operated as a commercial bank for 75 years, the branch limped along as the area declined, finally closing in 1978.  The geography of the bank's present location cannot economically support the grandeur of the building itself.

The neighborhood - The area around the old bank is obsolete industrial, formerly meat packing, rendering, tanning, and has morphed into largely warehousing and distribution.  What little retail and residential buildings were there are now unoccupied and boarded up.

Directly across the street from the bank is the Cincinnati Restoration Church, a ministry dedicated to restoring drug addicts and alcoholics through the power of Jesus Christ.  The building is a dormitory style group living facility.  Up to thirty or forty men can live free in the church residence.  The church is unlicensed and does not receive referrals or funding from city or state and solicits funds through street ministry and candy sales.

Catacorner from the bank is a pickle factory.  The open top vats can be seen in the photograph below.  There will be no great political or social motivation to keep the building on its present site.

 


Visit Street View

 
Google Street View of the building.

 

 


 

       

 

     

 

             

An absolutely beautiful building that is practical to move.

An amazing level of detail and quality.  This noble building is white/cream limestone of the highest quality and workmanship.  There is no deterioration of the stone, and it can be professionally cleaned of the grime accumulated from 120 years of being downwind of the industrial center of a coal powered city and right next to a major railroad switching yard and an interstate highway.  The color of the stone is limestone white, not the yellowish cast from exposure to a century of local air pollution.  An easy chemical cleaning will restore the building to its original color.

In America, preservation and restoration is a very profitable billion dollar industry.  Maintenance of public and historic structures is a high art, with many professional practitioners.  There is no shortage of work to do, and the majority of the work is paid for institutionally, by government, taxpayers, or other cultural organizations.   It is by no means a non-profit business.  Professional preservationists have an obligation to selectively and responsibly put limited talents and money where the best of heritage is preserved rather than telling others what their limited resources and public tax money should be spent on.  Revenue motivated advocates often whip up well meaning public hysteria and rely on legal obstructionism to preserve old structures under the guise of "non-profit" - salary paying organizations.  Good  solutions to reclaiming and using historic structures are criticized as not good enough, resulting in decay and loss, and worthy structures are demolished because enough public money could not be found to do a better thing.  Many structures are located in areas where it is impractical to renovate on site.  Moving endangered structures is a often a far better result than scavenging for individual components and demolition.

This aristocratic bank was originally named the German National Bank in a enormously wealthy German/American community famous for breweries, meat packing and byproduct industries from soap to shoes, and other enterprises in an fertile era of entrepreneurship when many of today's great businesses were formed.  The building was the hallmark of the city's International German Banking. The building only operated successfully for 14 years between 1903 and the start of WWI in 1917.  Due to public antipathy for German institutions during World Wars I & II, the bank was unable to survive.  After failure, the building was operated as a branch bank of Central Trust Bank of Ohio.  Use as a bank ended in 1978 and the building was purchased as a location for a stained glass window business.  The building is not listed on the National Registry of Historic Places.  No historic events occurred in the building nor did notable personages occupy it.  

ResErections will not tie the buyer's reconstruction efforts to bureaucratic qualifications for government tax credits or require employment of government tax approved - certified historic craftsmen, public activists, or archivists or seek protective covenants and rehabilitation agreements insuring that the buildings will be protected from changes. We do not offer cultural resource management, historic preservation planning, historical research, litigation encourgement and support, and academic grantsmanship.   You Buy It ... We Disassemble It ... You ReBuild It ... You Own It.

This does not mean that work done on this structure will not meet the highest architectural and engineering standards of disassembly and reconstruction.  We expect that the work product will be superlative.  It just won't be done with government - taxpayer - money ... although a lot of permits, filings, millions in taxes, and so forth will be paid to government by the owners and doers.

ResErections is a pioneering eight year old - new kind of business linking independent local architecture, engineering, and construction businesses with similar firms in other localities nationwide.  We move houses from Ohio to Texas or Kansas to Maryland.  Every project is new - from and to different towns with different professionals at each end.    Architecture firms in the source city know their design, construction, permit, taxation et al structures, as does the architecture firms employed by the new building's owner at the destination site.  We build the supply chain that makes  this work for each house. ResErections creates the contracts, documentation, coordination, payment, marketing, transportation, legal, insurance.  At both ends, local firms handle local commercial  relationships and municipal entities to assure that the new owner's property is professionally built.

The projects are expensive because they are large, complex, and deal with big structures that are really heavy stone buildings with the mission of accurate reconstruction.  Our daily production management role is to run a Private Internet Cloud Network for real time information and communication from the desktop to the smart phone, and to physically move the house's material, often 800 to 1,200 tons and 20-40 truck loads over a period of months.  We specialize in the documentation, packaging, and safe shipping of the hundreds of pallets of thousands of pieces from source to a destination a thousand miles away.

We are aware of no other businesses with an inventory of fine mansions and internet based access to a worldwide market that exists for magnificent endangered historic architecture. We maintain an active web site, and publish a monthly email newsletter to thousands of architects, engineers, designers, and realtors.

We are only interested in completely moving entire buildings.  Buildings whose value will increase 20 times by relocation to suitable vibrant communities.  We create a great deal for the buyers, the sellers, the doers, and the public.

It costs several million to move a mansion.  This investment is immediately rewarded with a real estate property worth more than the money spent, so the actual cost is zero.

The Greenest Building is One Already Built   "Preservation saves energy by taking advantage of the non-recoverable energy embodied in an existing building and extending the use of it."  Advisory Council on Historic Preservation. With state of the art engineering and reconstruction, the recycled building will qualify for a USGBC LEED superior Green rating.

Disassembly of this building will create 50 man-years of professional and skilled work at the origin site and in the supply chain.

As collaborators moving this building, we recognize that established construction and engineering firms employed by the buyer may have professional expertise in construction disassembly methodologies.  In most instances, we believe that we can pull together the expertise to do the work, but the owner's representatives may desire to supervise the entire process.  They and local firms that they select may take over day to day engineering operations of the disassembly of the building.  ResErections on-site role may be limited to computer systems management and employees capturing data, video, photography, RFID tagging, packaging, and shipping.  Roles are negotiable.


 

Question:  If I connect you with a buyer, will you pay a commission ?

Answer:  Yes, ResErections will pay non-owner individuals a commission or finders fee of $ 50,000 upon closing. You must contact us to establish your role as an initiator source.  A Confidentiality Agreement will be necessary.

Question:  Will the reconstructed building qualify for Federal and State Tax Credits ?

Answer:  NO.  The qualifications for the 20% Tax Exemption for Historic Buildings are very extensive, detailed, and force applicants to seek professional assistance to fulfill bureaucratic application requirements with Federal, State, and Local governments.  These requirements are the foundation for a tax supported very profitable "not for profit"   multi-billion dollar ... salary paying industry.  It is a commendable business of great benefit for historic commercial buildings that aren't worth moving.  

To Qualify for Tax Exemption :

  1. The building must be listed in the National Register of Historic Places or certified as contributing to the significance of a "registered historic district."

  2. The project must meet the "substantial rehabilitation test."

  3. The project must be done according to the Secretary of the Interior's Standards for Rehabilitation. 

  4. The building must be used in an income producing purpose for at least 5 years.   Owner-occupied residential properties do not qualify.

The Secretary of Interior's Standards for Rehabilitation are an extensive list of 10 rules of practice protecting the structure in its historic form on its historic site.  Moving the buildings that we offer will not qualify for tax deferrals.  

Federal Rehab Tax Rules
 
 
 http://www.nps.gov/tps/standards/rehabilitation/rehab/stand.htm

This means that the extensive requirements for inclusion on the National Register, and documentation and approval by experts and local building authorities and community advocacy groups sets up professional costs that will likely exceed the value of the tax deduction.  This results in mothballing, continuing rot, and doom for a lot of great buildings in locations where it does not make sense to spend the dollars.  

We think that  "You Buy It ... We Disassemble It ... You ReBuild It ... You Own It." creates an opportunity for investors to create new substantial wealth by recovering the value of the original structure in the Gilded Age, when it was built.

 

This building is confined by its triangular site and limited to 15,600 sqft.  The blue area is four stories with vaults in the basement, and the orange area is the skylighted banking floor, ringed with offices.  Upon reconstruction, the two 4 story angled sides can easily be swung parallel with the original front for a 104.6 ft frontage, (30+34+40.6) ... allowing a much larger building footprint and variable square footage. 

Drone Video of Bank


 

     Romanesque I - An American Castle

 


 

A Flaming Start
 How ResErections got into this business


 

ResErections has several other American Castles for relocation  -  click the image to view.

         

        

        

    


Telephone    (800) 392-2421

              Office   (513) 376-6235
  Cell       (513) 212-8496
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Electronic mail             Info@ResErections.com
 

 

 

 

This Site has been active for 8 years.