Stengel Hill moves to Main Street, more than doubles space
July 16th, 2007
Stengel Hill Architecture has taken up residence in its new downtown digs.
The firm recently formed a property-holding company, 613 W. Main St. LLC, to buy a 16,400-square-foot building at that location. The company spent about $2.17 million to purchase the structure in a deal that closed June 25.
The former property owner is Decade LLC, an entity in which Kenneth DeLor and wife Debra DeLor are managers.
The two also own The DeLor Group Inc., a well-known Louisville corporate branding firm that operated from the Main Street space for many years and now is in search of a new location.
Besides the DeLor Group, the only other tenant in the building was First 30 Days Inc. The New York City-based entity is a startup media company that focuses on helping clients deal with changes in their personal and professional lives, said Joe Pierce, the company’s chief operating officer.
First 30 Days has relocated to Stengel Hill Architecture’s former 6,000-square-foot office building on Frankfort Avenue, which the architecture firm still owns.
Room to grow
Bradford Stengel, co-owner of the architecture firm, said the Main Street building is a “perfect fit” for Stengel Hill Architecture.
Very few modifications were needed, and the http://www.cialisgeneriquefr24.com/cialis-e-igual-ao-viagra/ building’s proximity to the planned Museum Plaza — a much anticipated $465 million complex that will include a contemporary art museum, hotel, office space, retail shops and residential condominiums — makes it an ideal location, he said.
But more important, the move gives Stengel Hill Architecture additional space for a growing work force. The firm currently employs 22 people, including three hires since February — a graduate architect, production worker and accountant.
Plans call for bringing another three people on board this year to accommodate a rise in the firm’s business, specifically in the health care sector.
That industry accounts for about 80 percent of Stengel Hill’s annual revenue, which is projected to be more than $5 million for this year.
Stengel said the firm has seen an increase in projects for local clients, such as Jewish Hospital & St. Mary’s HealthCare Inc. and Norton Healthcare Inc., as well as for statewide and national clients.
Firm could lease unused space
The growth is nothing new for Stengel Hill Architecture. Its revenue has grown 20 percent each year for the past five years, and Business First reported in February that the firm was looking for larger offices.
The Main Street building offers Stengel Hill Architecture more room than is needed now, Stengel said, but the firm possibly will lease about 2,500 square feet until that space is needed as well.
In addition, Stengel Hill Architecture is leasing its former office building at 1734 Frankfort Ave.
First 30 Days has leased 1,800 square feet on the first floor of that building. A new gallery, Architype LLC, has leased the remaining 2,000 square feet on the first floor.
The partners in Architype are Dena Wilson and Charlotte Stengel, wife of Bradford Stengel.
The building’s second floor consists of four one-bedroom apartments that also will be leased, Stengel said.
The firm renovated the units about two years ago but never leased them because Stengel Hill Architecture grew into that space.