IBJNews

LEADING QUESTIONS: Design guru abides in rocky economy

Back to TopCommentsE-mailPrint
Leading Questions

Welcome to the latest installment of “Leading Questions: Wisdom from the Corner Office,” in which IBJ sits down with central Indiana’s top bosses to talk shop about the latest developments in their industries and the habits that lead to success.

Sanford Garner, 42, is proud of his company’s performance in 2010, despite the fact that its billings fell about $1 million, or some 20 percent.



“We still made a profit,” said Garner, co-founder and now sole owner of design firm A2SO4 Architecture LLC. “It’s probably been the worst year fiscally in my lifetime, and my business partner was running for secretary of state, and I was reorganizing my company. I’m actually proud of that.”

It was a tumultuous year for Garner, who in the past has not responded well to stress. Billings at the firm dipped from $4.9 million in 2009 to $3.9 million in 2010. Co-founder Vop Osili lost his bid for state office, and later exited the firm altogether. (Garner purchased his shares in the company earlier this year.) Six others left A2SO4 between 2009 and 2010, either due to layoffs or attrition, leaving the total headcount at 22.

Instead of relying on the “shotgun” approach to pursuing contracts that marked A2SO4’s early years, the firm has tried to play to its strengths. That includes concentrating on K-12 and higher education buildings, sustainable parking garages and other "green" projects, and multi-use structures. It also has shown a willingness to partner with other design firms on projects.

The bottom line in 2010 was $50,000 in the black. “My CFO was so angry when she saw the numbers,” Garner said. “And I said, ‘It’s a blessing. We made a profit in a horrible economy, after all we’ve been through. I’m ecstatic.’”

Sitting in the doorway of a vacant downtown church, Garner beams with the gleeful optimism of a Renaissance cherub. In the mid 2000s, as A2SO4 was getting on its feet, such a stressful year might have given him fits and inspired huge mood swings. He actually was hospitalized for three days during that period with an irregular heartbeat, born of anxiety.

Executive coaching and an increased reliance on his Christian faith have helped him deal with shifts in fortune. “I’m not prone to stress anymore, which is nice,” he said.

It seems all the more appropriate that Garner will become something of a permanent fixture in this 132-year-old Catholic church. He plans on rehabbing the dilapidated structure, located on the southwest corner of College Avenue and North Street, and relocating A2SO4 from its current headquarters in downtown's Union Station to the revitalized building.

“An associate mentioned to me that renovating this church is so much me and my spirit,” Garner said. “He said, ‘Your passion is the urban core. You love preservation. How much more of a way to show and live out your passion than renovating an old historic church in downtown? And knowing your belief, how much more of a way to express that than moving into a church?’”

The move also makes financial sense. Garner expects the firm will save at least $5,000 per month in operational expenses after the move, which includes the difference in leasing costs vs. paying off the bank loan required for the renovation.

Garner, who bought the building in 2001 with a partner, Mark Maryanovsky,  expects to spend about $1 million on the project. That figure will include buying out Maryanovsky, whose high-end audio and video shop, Tone Studio, will remain directly southwest of the church.

Renovation work is expected to begin within weeks, with move-in targeted for January. “We’re looking at keeping the inside largely the way it is now,” Garner said. “I shared with my staff, ‘Even though this is a historic church, please don’t think I’m looking to do a restoration.’ … It will look like a historic structure on the outside, but we’ll have some modern and updated twists in there that will surprise some people.”

In the video at top, Garner provides a peek inside the church, which has been vacant for at least 25 years and shows some serious signs of neglect. He also discusses how he has learned to deal with stress, and the coincidental significance of moving his firm into a church.




 

ADVERTISEMENT

  • Bravo to Sanford!
    This is awesome. The haters need to go take a hike, a long long hike.

    Sanford is taking on a gigantic project and I cannot wait to see the end result. This is another feather in the cap for historic preservation and adaptive reuse projects. May he blaze the way for others to do the same.
  • BS
    This is BS. A2SO4 owes multiple subconsultants hundreds of thousands of dollars. IBJ should do more homework prior to publishing articles like this. His lack of stress is a crutch to justify stiffing companies that have done business with him.
  • Great piece
    Put's a real human face on the business. Good luck to Mr Garner, and many thanks for his dedication to the urban core.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.

  2. I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?

  3. Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!

  4. See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.

  5. I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.

ADVERTISEMENT