Counting the Costs of Cupples 7 Demo or Redevelopment

Cupples 7 is a seven-story, 200,000 sq ft brick building and the last remaining building in the historic Cupples Station district that has not been renovated. That district was constructed by Eames and Young for Samuel Cupples between 1894 and 1917. The buildings are on the National Register of Historic Places. Cupples 7, at 11th and Spruce Street, was condemned by the city in 2008. (summary of the Cupples 7 saga)

Demolition Scenario |
Purchase note from Montgomery Bank | $850,000
Demolition cost | $660,000
Grade and seed cleared site | $250,000
Total | $1,760,000