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. We work with architecture, engineering, and construction firms at the source and destination of the buyer's project.
Majestic Temple of Finance
Beaux Arts 1903 Bank
$ 20,000,000 Adaptive ReUse Project
This bank can be moved to any site worldwide.
Classic Revival Beaux Arts
$ 4,440,000 ( € 4,170,000)
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 price quoted above is for the aquisition, documentation, disassembly, packing, and shipping to a domestic site. Detailed analysis prepared by qualified architecture, engineering, and construction firms will solidify this expected cost. This newsletter is directed to professionals in the AEC industry. If you have a customer or site in mind, we would be able to deliver the bank. We think the value of the building on a suitable site for a wealthy firm would be $ 20,000,000 or much more.
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 marvelous. The exterior facade is fine cream limestone. The interior surfaces are all marble.
Appropriate clients would be financial service firms, family offices, brokerages, venture capital, or other financial businesses needing an impressive and remarkable structure.
John Scudder Atkins (1872 - 1931) and Samuel Hannaford (1835 - 1911), admired architects of the late 19th century, built this bank in 1903 to cater to wealthy Cincinnati Germans. Adkins was a specialist in Beaux Arts design handled with authenticity, restraint, and high quality. Max Mosler, founder of Mosler Safe Co. founded the bank. The exterior is a distinguished limestone veneer. Its lobby offered riches of eight types of Italian carrara marble. 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. We do not reconstruct, relying on local architectural, engineering, and construction firms employed by the buyer.
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. Stone buildings can be carefully disassembled stone by stone without damage, and each stone is numbered and tracked. 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, venture capital, and ultra high end retail business. 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, Jeddah, 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, $ 4,440,000 is a great bargain for this 15,600 sqft structure. The delivered product is the thousands of disassembled material items, documented with laser measurement, photography, and computing, packed for shipment fob Cincinnati, Ohio.
The materials alone, 8" thick cream limestone, exterior carving, marble, Mosler vaults, travertine flooring, and fine elaborate details would cost many millions to reproduce today. There are 8 different types of marble in the building. The two Mosler Vaults themselves are worth millions, and are functional, including large bullion safes and hundreds of safe deposit boxes. These are vaults that survived Hiroshima ground zero. (That's True) ... To design and build this today from scratch would cost $ 20 million, and worth much more on a strategic site. We doubt that it would be possible to aquire the same quality materials. Appropriatly sited, this 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. Cleaned, it would glisten!!
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
Columns and the railing on the balcony. Same as our bank.
Back to Our Bank ---
Skylit Banking Floor
Basement Vault Area - Two Walk-In Mosler Safes
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. However, close proximity to heavy transportation systems makes worldwide shipment by truck or container economical.
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 political or social motivation to keep the building on its present site.
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Go Look at it today !!!
A beautiful building that is practical to move.
An extreme 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. Cleaned, it will glisten!!
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. Cincinnati was the 11th largest city in the USA in 1900, and the center of a large German immigrant community. 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 15 year old - new 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. The founder of ResErections is a Microsoft computer systems engineer and manages the information systems to capture and distribute documentation to all players. At both ends, local firms handle local commercial relationships and municipal entities to assure that the new owner's property is professionally built.
Relocation of stone mansions and other structures is a large investment requiring considerable planning. We expect to rely on the portfolio of contracts published by the American Institute of Architects that cover most concievable project structures. These contracts are the common language of the AEC industry and facilitate geographic moves. https://aiacontracts.com/
The projects are expensive because they are large, complex, and deal with big structures that are natural 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 bank's material, expected to be 600 to 660 tons and 35 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 large building. This investment is immediately rewarded with a real estate property worth more than the money spent, so the actual cost is zero. Short term Return On Investment could be 100%.
Professional Testimonial
Gregory P. Luth, Ph.D., S.E., SECB ... GPLA Structural Engineers & Builders. "ResErections saves 19th and early 20th century stone buildings using modern laser scanning and BIM technologies to facilitate deconstruction and reconstruction, moving these maginificent edifices out of now-decrepit surroundings to sites where their grandeur can be an asset.
This is the sort of development that utilizes creative destruction to save some of our historic architectural heritage, fosters a rebirth of craftmanship, and mobilizes demand to create a new AEC market. If one were to design one of these structures from scratch, I am sure that the wonderful stone would be cost prohibitive.
With HD BIM process combined with ResErections laser scanning and deconstruction, we can rebuild these wonderful structures anywhere in the country, including high seismic areas. With modern technologies such as base isolation and fused shock absorbers we can make these virtually earthquake proof, able to survive multiple great earthquakes with minor structural damage.
But that isn't the best part, using modern gravity structures, we can replace the interior bearing wall and wood floor with long spans that would enable modern open floor plans inside the classic stone facade."
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 Gold rating.
Disassembly and reconstruction of this building will create 100 man-years of professional and skilled work at both sites and in the supply chain, turning American wealth into Americans at work.
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. We believe that we can pull together the expertise to do the work with the new owner's full participation to supervise the entire process. We expect many subcontractors with expertise for skilled tasks. ResErections on-site role may be limited to computer systems management and employees capturing data, video, photography, RFID tagging, packaging, and shipping. Collaborative roles are negotiable.
Question: I
f 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 :
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The building must be listed in the National Register of Historic Places or certified as contributing to the significance of a "registered historic district."
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The project must meet the "substantial rehabilitation test."
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The project must be done according to the Secretary of the Interior's Standards for Rehabilitation.
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.
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.
How ResErections got into this business ... 2 am Easter Sunday ... 2008 !!
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 Office Hours -- 3pm - 8pm Please leave voice messages if you miss us. Email is best.
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