You won’t see IHOP at 21st Street North and Maize Road after all.
Wichita developer Austin Kinzle has jettisoned his plans to buy the former New Medical Health Care building at 10525 W. 21st N.
He had wanted to scrape it and build a new strip center for the restaurant.
But the numbers didn’t work. Kinzle says the doctors who still own the property wanted some value out of the building. For a retail developer, there isn’t any.
“There’s a little bit of a disconnect there,” Kinzle says.
Now, developer Brad Saville has the property under contract.
He says he has two scenarios for it, one that would leave the 7,700-square-foot building in place and one that would remove it. If the building stays, it would be converted to retail with new glass, a raised facade and a new parking lot. There would be room for an additional fast-food restaurant.
“We are receiving a tremendous amount of interest,” Saville says. “We hope to have some announcements before the end of the year.”
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