A local ad man is giving downtown development a try.
John Lindner is moving 93 Octane, his 12-year-old advertising firm, to the first floor of 105 E. Grace St. and putting in five apartments.
Lindner and his wife Wendy bought the 7,500-square-foot property on East Grace Street last year for $265,000 from John and Martha Cassell. The Cassells ran a framing shop in the space.
“It has all the energy of downtown without the high rent and parking issues,” Lindner said. “It’s really hard to find something in the 5,000- to 7,000-square-foot range that’s not an old house.”
93 Octane, which has four full-time employees, will move from its decade-long home at 23 W. Broad St.
Lindner, 44, said it will cost more than $1 million dollars to develop the East Grace Street property. He is financing the project through Union First Market Bank.
Construction on the 1940s building began in September, and Lindner hopes it will be done in time for an April move-in. CK Bosworth is handling the construction, and Johannas Design Group designed the space.
“It’s kind of cool we’re named 93 Octane and we’re moving into an old car dealership,” Lindner said.
The space was once a Ford dealership, Lindner said, adding that he plans to put industrial finishes and a roll-up garage door in the space as a nod to the building’s history.
Lindner said donning the developer’s cap hasn’t been as seamless as he thought.
“I’ve always been jealous reading about people who get historic tax credits,” Lindner said. “It’s not as fun as I thought it would be, but I am learning a lot.”