5353 W Dartmouth Avenue

The Wells Fargo office building in the Bear Valley neighborhood recently received a proposal for residential conversion.

This property is owned by DJCB LLC who purchased the building in March of 2018 for $9.5 Million. Currently, the building is on the market for $8.9 Million.

This 5-story office building sits adjacent to the intersection of W Dartmouth Avenue and S Sheridan Blvd and has been traditionally occupied by Wells Fargo Bank, Monarch Integrative Health, and Kim J Beauty. The property owner, DJCB LLC, has teamed up with Eidos Architects to convert the top three floors into residential spaces, featuring a mix of studio, 1-bedroom, and 2-bedroom units.

While units are expected to feature good quality fixtures and finishes, the ground floor will feature a fitness center, a community space, a lobby, and a dog wash area.

As part of the proposal, Eidos Architects submitted a feasibility study to determine the viability of the project.

The structural analysis indicates that the building, originally constructed in 1979, features concrete double-tee roof and floors supported by concrete beams and columns. The existing load-bearing capacity of the double-tee panels is deemed sufficient for the proposed apartment conversions, though some areas, such as the new hallways, may require structural reinforcement using Fiber Reinforced Polymer (FRP).

Additionally, the third-level roof deck and potential solar system installations would necessitate further structural considerations. The mechanical, electrical, and plumbing (MEP) systems will undergo significant upgrades, including the installation of new boilers, fan coil units for heating and cooling, and a new domestic hot water generator. These enhancements are essential to meet the residential requirements and ensure the building's efficient operation under its new mixed-use classification.

We'll keep track of this project and provide updates once a buyer is found!