Real estate investors Kevin Lykens and Chris Schnetzler of LS Development Systems, LLC, knew they had some of the ingredients necessary to acquire and rehab the historic Wonder Bread building. The missing ingredients weren’t flour and sugar, however, it was capital. With Heartland Bank’s help, Kevin and Chris reached one of their goals by helping them finance extensive renovations to the Columbus landmark.
The Wonder Bread building is located at 697 N. Fourth Street in Columbus, just off I-670 in the Italian Village area of Columbus. It was acquired by Lykens’ investment group in March of 2010. After removing all of the bakery equipment, renovations began in 2011 to transform the old bread factory into apartments with a modern day feel. Although the Italian Village Commission requires the outside of the building to remain the same, the interior is being reconstructed to house 66 apartments. Of those units, there are 55 different floor plans and all of them have high ceilings and retain some of the original features of the former bakery; exposed brick, steel beams and columns, large windows and polished concrete and red brick floors. In addition to the apartments, other amenities include a 2,500 square foot restaurant space, bike storage room and 70+ gated parking spaces on-site.
“With no advertising, we’ve received an overwhelming number of inquiries in the project,” stated Kevin Lykens. “I think people are really interested in the setting, and are looking for something unique.” Courtesy of Columbus Underground, be sure to check out the article by Brent Warren entitled "Wonder Bread Lofts Nearing Completion."
With Heartland Bank’s assistance, LS Development Systems, LLC, turned their “dough” into an investment towards the future. We can do that for you too! Contact our business lending professionals today and see what we can bake up for you!
For more information about the Wonder Bread Lofts
Wonder Bread Lofts
697 N. Fourth Street
Columbus, OH 43215
1020 Dennison Ave
Columbus, OH 43201