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“Eventually, I would like to position it as residences or a hotel,” Patel said Wednesday. “The location next to the Power & Light District and other amenties is nice, and it’s a very good structure.”
The eight-story former Palace Clothing Co. office building at 1150 Grand Blvd. is listed on the National Register of Historic Places. It is considered a prime example of the “Chicago style,” characterized by large windows made possible by iron-beam construction.
The 80,000-square-foot building, designed by Kansas City architect Frederic McIlvain, opened in 1924 to house the Palace Clothing Co., a retailer that remained in the building until 1964.
A major redevelopment was undertaken in 1972, stripping away many of the historic interior features as part of the renovation for multi-tenant offices. It is partly occupied now.