Well known Joplin building is up for sale - KOAM TV 7

Well known Joplin building is up for sale


A Joplin building with a lot of history might soon become part of a major development project.

The Olivia Apartment Building on South Moffet Street is now for sale.

Historians say the building is one of Joplin's treasures.  Local legend has it that Al Capone stayed at the Olivia Apartments a few times - his aunt lived there.

The building's owner says it's time to use all the building's history to build Joplin's future.

"In property management and investment, we consider all options," says owner and developer Mark Williams.

The 107 year old building is now for sale for just under $1 million.  That's in addition to $6 million Williams says is needed for renovations.

"Three to four serious people from out of state and in state are looking at possible development here," says Williams.

For $1.3 million Williams will also offer five nearby buildings and eight other lots.

"For future parking, bed and breakfasts, event centers, things like that," says Williams.  "Hand this to someone on a silver platter and say, 'hey, we've saved you about $300,000 to $400,000 worth of work and a year's worth of time in order to now have this complete package with all the architectural plans and everything, city rezoning, all those kinds of things."

Joplin's post tornado redevelopment plan may draw some interest.

"You really have to look at your whole town when you look at redevelopment," says Troy Bolander, City Planning & Community Development.

While Williams has set a preliminary time frame for this sale, "we'd love to see somebody come in within the next two months," city officials say, overall, developers are still waiting to make a move.

"I think in the next couple of months you're going to see some of the first of the projects come out of the ground," says Bolander.

And property by property, historic or not, Joplin will be built to preserve for years to come.

Williams says the building could also be used for student and professor housing if Kansas City University of Medicine and Biosciences builds an extension school in downtown Joplin.  It would be a partnership with Missouri Southern.

Officials with MSSU tell us they have not yet heard KCUMB's decision.

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