Owners are remodeling the downtown Bismarck Wells Fargo Office Building and renaming the site Grand Pacific Center.
"The building is very similar to a building we acquired and renovated in downtown Fargo named Dakota Center. In that case, we renovated a building that had barely been touched in probably 30 years, and turned it into a true Class 'A' office building in a 'main & main' location that is now 100 percent leased," Gary Katz, senior vice president for building owner NetREIT, said in an email. "Our Bismarck building has many of the same attributes that Dakota Center had when we acquired it, and we hope to achieve similar successful results."
The new name harkens from the former Grand Pacific Hotel, which stood on the spot at the corner of Fourth Street and Broadway Avenue until it was demolished in 1974.
Along with the new name, there will be renovations to the main floor common areas and outside plaza entrance, with work being done by Wild l CRG Architecture. New modern finishes and lighting are being installed alongside historical photos displaying the building’s history.
The entire 15,000-square-foot top floor of the building is also undergoing renovations and is available for lease with Daniel Companies. Katz said he's hopeful the improvements will help attract new tenants as well as benefit existing tenants.
Katz said they hope to have the remodel complete before the end of the year.
The company will invest approximately $350,000 for the improvements to the lobby and exterior. It has previously invested more than $1.2 million in improvements to the parking deck, elevators, HVAC system, and tenant suites since taking ownership of the building.
NetREIT acquired the building in 2014.