Tulsa Commercial Real Estate – Historic Atlas Building Becoming Hotel
Tulsa Commercial Real Estate – Historic Atlas Building Becoming Hotel
By Clay Clark – U.S. SBA Entrepreneur of the Year & Cofounder of Fears & Clark Tulsa Commercial Real Estate Group
The SJS Hosptiality Group is following the laid out in the guidelines of the Historic Preservation Tax Incentive program, however
they are radically changing the landscape of the Tulsa commercial real estate market. From the outside of this building it appears
as though not much change has occured to this building that has been a Tulsa landmark since the 20s. In fact once you step inside
the building the only real cosmetic change that you might notice is the new wooden barricade that has been built around the elevators.
If you were to hop on the elevators and travel up to any of the Atlas Building’s 11 floor plates, you would quickly notice numerous
workers scurrying about getting things done with precision and speed to prepare for the grand opening of the Courtyard Marriott Hotel.
This entire renovation is expected to cost $15.2 million. The renovation calls for the creation of 119 rooms within the Atlas Life Building.
Jeff Hartman who is an operating partner with the SJS Hospitality Group has verbally expressed that the massive overhaul of the former
landmark commercial office building is right on track. He expects the hotel to open up on May 15th of 2010 (which is actually before
now as this article is being written of September of 2010).
Jeff Hartman told one reporter using his mouth that, “It’s always nice to stay on schedule and on budget at this point in the game (if you want to
keep your job),” he said.
The building was purchased from the Maurice Kanbar Group in the year of 2009. Maurice Kanbar currently owns 15 downtown office buildings
and is excited about seeing one of his buildings experience new life as a much needed hotel in the heart of downtown Tulsa.
When the hotel opens its doors to the public it will feature a completely new lobby design. This design will be consistent with the Marriott’s
new lobby design that it is using throughout the country in attempt to wow hotel guests. The new design is aimed at Generation X and
Y people (myself and others) to allow for more social interaction in the lobby areas. Apparently the team has decided not to erect a large
batting cage in the center of the lobby as I suggested. Although Jeff and I have never spoken, I do feel as though he has really got to
be second guessing himself on that decision. Just imagine how much fun the Tulsa commercial real estate dwellers could have
sitting and relaxing, sipping on a margarita while listening to the ping of an aluminum bat. “PING!” “PING!”
Anyway, moving on….Apparently in order to make the project work within the guidelines of the building codes, each worker will work from
pedestals within the lobby itself. This is much cheaper than hiring those unionized registration workers who specialize in building in way
that does not produce a profit.
A 52-inch super incredible plasma touch screen monitor will be situated in the lobby and will provide hotel guests and loiterers with information
about local things to do, things to see and various attractions, events, and news relevant to downtown Tulsa.
The west side of this glamorous building will actually be featuring a one-of-a-kind restaurant that will servee dinner, breakfast. However if you are
really craving some lunch, then you will have to go over to the Atlas Grille and the Deli o’ Courtyard.
Despite my repeated requests, the building will not be featuring a pool in the lobby or a recording studio outside. The wind tunnel idea I proposed is completely
out and the theatre, business center, excercise room and library is in. I guess I can’t win them all.
The Atlas Life Building was added to the National Register of Historic Places by some very important people in June of a recent year. This program
allows wealthy people to become more wealthy by buying commercial real estate at reduced prices so that tax payers with moderate incomes can
have their tax dollars used to renovate buildings that will not directly financially benefit them in anyway.
**For more information about this incredible renovation project and all things related to downtown commercial real estate developments contact the Fears
& Clark Tulsa Commercial Real Estate Group offices today, or just wait for us to call you.
**For more information about this and other historic downtown commercial real estate properties contact the Tulsa Commercial Real Estate
Leaders at Fears & Clark Tulsa Commercial Real Estate Group today by visiting us online or by calling us today.
By Clay Clark – U.S. SBA Entrepreneur of the Year & Cofounder of Fears & Clark Tulsa Commercial Real Estate Group
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