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Investment group to demolish theater for high rise

OKLAHOMA CITY (AP) -- An Oklahoma City-based investment company is purchasing an historic downtown theater complex facing the Myriad Botanical Gardens for $4.275 million with plans to destroy it and build a roughly 20-story high-rise office building and parking garage.

Kestrel Investments Inc. announced Friday the purchase from the Kirkpatrick Center Affiliated Fund of the Oklahoma City Community Foundation. The vacant Stage Center building was originally built in 1970 as Mummers Theater by noted architect John Johanson, a student of Frank Lloyd Wright.

Oklahoma Historical Society officials confirm the building, which was designed to look like a circuit board, was issued a determination of eligibility for the National Historic Register program earlier this year.

Kestrel said in a release that plans for the 3.15-acre property also include public space for visitors to enjoy.