Miller Investment Management, LP is assessing the acquisition of 2501 Oakford Street, a former factory/warehouse for the Howard Clothes Company constructed sometime between 1918 and 1930. The brick, heavy timber, and steel structure originally incorporated four stories and a basement, with the first floor removed in 2011 to create a double height space with ramped vehicle access from South 25th Street. There are two fire stairs, freight elevator, penthouse and steel superstructure from a former water tank.
north and south elevations
east and west elevations
Currently, the building is used as a warehouse on the ground floor, while the three upper floors are vacant. Much of the building has been underutilized for years requiring substantial capital investments to stabilize the structure and make it attractive to new tenants.
The proposed renovation and conversion of the four story and basement warehouse was designed to be artist studios and apartments. The plans include the addition of a fifth floor to maximize the potential number of units and collaborative spaces. Being a warehouse, the high ceilings and large windows allow for adequate space and ventilation necessary for a number of trades.