JWB Real Estate Capital buys FBC warehouse for $652,500

[Jagsdrew]

^I'd love to see FSCJ take some of that space and expand further south of State & Union.

Whoever purchases the building, it's in need of major overhaul and repair.  From electrical, plumbing, roof, HVAC, all have their myriad of problems and issues. The church has said multiple times that they never know if the lights will turn on, sound, utilities, etc. and they did a top down inspection with a company to assess what it would cost to just get it up to par and it was in the million upon millions.

[jaxlongtimer]

^Gutting the building to a shell and starting over will address most of these issues.  Unfortunately for the church, the price will reflect this effort.  Their biggest benefit will be getting some amount of cash, however much, and unloading a building that is a drag on their budget and/or not getting any better if they have stopped maintaining it. 

It is likely a pipe dream that they will get paid for the improvements that make it an "auditorium" unless they can find that rare user that will use it just like they did (maybe the 11-22 or Celebration churches?).

[Jagsdrew]

^Gutting the building to a shell and starting over will address most of these issues.  Unfortunately for the church, the price will reflect this effort.  Their biggest benefit will be getting some amount of cash, however much, and unloading a building that is a drag on their budget and/or not getting any better if they have stopped maintaining it. 

It is likely a pipe dream that they will get paid for the improvements that make it an "auditorium" unless they can find that rare user that will use it just like they did (maybe the 11-22 or Celebration churches?).

Good point if they see a fit for themselves but both of those churches seem to be satisfied with their main & satellite campuses in the suburbs.

[marcuscnelson]

I was gonna throw the idea of turning the auditorium into a convention center and getting a hotel built next to the Skyway out there, but then I realized that it might still be too small for that (and maybe not the best location). Perhaps divide the building into a movie theater?

It is likely a pipe dream that they will get paid for the improvements that make it an "auditorium" unless they can find that rare user that will use it just like they did (maybe the 11-22 or Celebration churches?).

I can't imagine Eleven22 or Celebration wanting to build downtown in its current state, and even if they did, wanting that much space. Celebration's main campus on Southside was already $15 million a decade ago, and that only holds 3,000 people. Generally the practice of those churches is to build multiple smaller campuses, not one gigantic one.