Bokeh Development

What Bokeh Development does

Bokeh Development is a privately-held real estate development company headquartered in Downtown Wichita, Kansas, founded in 2010. The company specializes in adaptive reuse and urban revitalization, converting obsolete, vacant, or underutilized structures into residential, commercial, and mixed-use properties. Its portfolio of six core properties includes The LUX (Wichita's first LEED-certified apartment building, developed in a 1950s structure), Broadway Autopark (44 one-bedroom units converted from a 1949 parking garage listed on the National Register of Historic Places), Zelman Lofts and The Renfro (urban loft and lifestyle residential properties), COrTen (a 20,000-square-foot multi-use commercial space), and Revolutsia (Wichita's first open-air, two-story shipping container mall). The company is led by developer Michael Ramsey and partner Robert Eyster, with a team of 1-10 employees.

The company's underlying "technology" is its adaptive reuse methodology, which combines historic preservation with modern construction techniques — including the novel application of shipping container architecture for retail and parking structure-to-residential conversion. The LUX incorporates LEED-certified sustainable design features such as recyclable materials, bamboo floors, improved daylighting, and high-efficiency HVAC. The firm has secured public-private partnership funding, including a $620,000 City of Wichita loan for Broadway Autopark facade improvements and a Knight Foundation grant for the ICT Pop Up Urban Park.

Bokeh Development generates revenue through three recurring streams: monthly residential rent from apartments across The LUX, Broadway Autopark, Zelman Lofts, and The Renfro; commercial space leasing at COrTen, The LUX, Zelman Lofts, The Renfro, and Revolutsia; and event venue rental bookings at Candela, a wedding and event space within The LUX. Pricing is quote-based and not publicly disclosed. The go-to-market approach is community-led, with direct engagement with local organizations, partnerships with the Wichita Community Foundation, Visit Wichita, Downtown Wichita Development, and the Wichita Metro Chamber of Commerce, and earned media coverage across regional publications. The customer base spans urban residents (young professionals, couples, small households), commercial tenants (small businesses, startups, restaurants, boutiques), and event planners, with no public institutional investors or parent company affiliations.

Name

Bokeh Development

Legal name

Bokeh Development

Website

https://bokehdevelopment.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Bokeh Development is a privately-held, founder-led real estate development company in Downtown Wichita specializing in adaptive reuse projects. It operates a portfolio of six properties, including LEED-certified apartments, a converted parking garage, and Wichita's first shipping container mall, serving residential tenants, commercial lessees, and event clients.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Residential Building Construction (23611), Residential Building Construction (2361), Nonresidential Building Construction (2362)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

Keywords

• Adaptive reuse development
• Downtown revitalization
• Residential property leasing
• Commercial space leasing
• Mixed-use real estate

Headquarters

HQ city

Wichita

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others

Revenue model

1. Residential Property Rental: Bokeh Development generates revenue through monthly rental payments from tenants in their residential properties including The LUX, Broadway Autopark, Zelman Lofts, and The Renfro. They offer various unit types from studios to two-bedroom apartments.
2. Commercial Space Leasing: Revenue from leasing commercial office and retail spaces at properties including COrTen, The LUX, Zelman Lofts, The Renfro, and Revolutsia. Spaces can be customized for tenant needs including restaurants and office use.
3. Event Venue Rental: Candela is an event venue within The LUX property that serves as a wedding venue and event space, generating revenue through venue rental bookings.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Bokeh Development is a real estate development company that acquires, redevelops, and leases residential and commercial properties in Downtown Wichita, Kansas. The company specializes in adaptive reuse projects—converting historic structures such as parking garages and vacant buildings into modern apartments, retail spaces, offices, and a shipping container mall. It generates revenue primarily by leasing its owned and managed properties to residential tenants and commercial businesses.

Product overview

Bokeh Development is a real estate development company offering a portfolio of residential and commercial properties in Downtown Wichita, Kansas. The company operates as a multi-property platform consisting of six core products: The LUX (LEED-certified 1950s apartment building), Broadway Autopark (44-unit apartment building converted from a historic 1949 parking garage), Zelman Lofts (historic urban lofts), The Renfro (urban lifestyle residential property), COrTen (20,000 sq ft multi-use commercial space), and Revolutsia (Wichita's first two-story shipping container mall). Additionally, the company offers sub-products including the Candela wedding venue and various apartment types (studio, one-bedroom, two-bedroom, furnished apartments) and commercial office spaces. The properties are available for residential rentals, commercial leasing, and event venue bookings, with contact made through the company's centralized property management system.

Differentiator

Problem solved

Functional benefit

Brands

• LEED Certified Apartments: Environmentally-friendly, sustainable apartments at The LUX featuring recyclable materials, bamboo floors, and energy-efficient systems.
• Office Space in Wichita
• Furnished Apartments
• Studio Apartments
• One Bedroom Apartments
• Two Bedroom Apartments
• Downtown Wichita Living
• Wedding Venue
• Revolutsia
• COrTen
• Broadway Autopark
• The LUX
• Zelman Lofts
• The Renfro

Products and services

• The LUX
• Broadway Autopark
• Zelman Lofts
• The Renfro
• COrTen
• Revolutsia
• Candela

Quantifiable outcome

• 44 entry-level downtown apartments created from obsolete parking garage
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• BikeShareICT / Wichita Community FoundationminorGTM or Marketing Partner · 1 January 2017BikeShareICT is sponsored by Blue Cross and Blue Shield of Kansas and the Knight Foundation Fund through the Wichita Community Foundation. Health ICT originally submitted the application for the first 20 bikes.
• Tallgrass International Film FestivalminorGTM or Marketing Partner · 1 January 2017Bokeh Development supports the Tallgrass International Film Festival which showcases independent cinema and serves as a venue for independent films while showcasing Wichita's cultural and artistic communities.
• Wichita Community FoundationcoreStrategic or Co-development PartnerBokeh Development partners with Wichita Community Foundation for community initiatives including the Pop Up Urban Park and various downtown revitalization efforts.
• Downtown WichitacoreStrategic or Co-development PartnerDowntown Wichita Development Corp works with Bokeh Development on downtown revitalization and community development initiatives in the downtown area.
• Visit WichitaminorGTM or Marketing PartnerLocal tourism organization that promotes Wichita attractions and supports downtown development efforts.
• Wichita Metro Chamber of CommerceminorGTM or Marketing PartnerLocal chamber of commerce organization that supports business development and community initiatives in the Wichita area.
• W/ Young ProfessionalsminorGTM or Marketing PartnerCommunity of young professionals in Wichita that Bokeh Development supports in their efforts to better the city.

Scale indicators4 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Greystar Real Estate Partners: Global multifamily development, investment, and property management firm. Operates at much greater scale but overlaps on multifamily rental housing that Bokeh delivers at The LUX, Broadway Autopark, and Zelman Lofts.
• NRP Group: National multifamily developer, owner, and operator of apartment communities. Overlaps on rental apartment product Bokeh develops and operates, though NRP is a significantly larger, conventionally capitalized developer.
• The Georgetown Company: Real estate investment and development firm with adaptive-reuse and mixed-use urban projects. Comparable adaptive-reuse philosophy with substantially greater scale and capital base.
• Bedrock: Large-scale urban real estate firm focused on downtown revitalization, mixed-use development, and adaptive reuse. Significantly larger than Bokeh but pursues the same playbook of converting obsolete downtown structures into mixed-use destinations.
• LMC, A Lennar Company: National multifamily developer and operator focused on rental housing communities. Overlaps on the apartment-rental product Bokeh delivers, though LMC is greenfield-focused versus Bokeh's adaptive-reuse approach.
• The Cordish Companies: Large private real estate developer of mixed-use urban entertainment, residential, and hotel projects. Comparable in combining residential, retail, and event/entertainment components in urban cores, but at substantially larger scale.

Direct peers

• The Goldenberg Group: Real estate developer specializing in adaptive reuse of historic urban buildings into residential and mixed-use properties. Directly mirrors Bokeh's parking-garage-to-residential and historic-building conversion model.
• McCormack Baron Salazar: Urban revitalization developer transforming distressed downtown properties into mixed-income housing and mixed-use destinations. Comparable mission of converting neglected urban assets into vibrant neighborhoods.
• Wexler Investments: Adaptive-reuse and mixed-use real estate developer focused on revitalizing historic downtown properties. Highly comparable niche in urban reuse with similar scale and historical-building focus.
• Somera Road: Boutique mixed-use real estate developer specializing in adaptive reuse and infill development in secondary markets. Closely comparable niche, geography type, and project scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/bokehdevelopment
• Facebookfacebook.com/BokehDevelopment
• LinkedInlinkedin.com/company/bokeh-development
• Instagraminstagram.com/bokehdevelopment

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bokeh Development