Woolworth's

The Woolworth’s Building has always been an anchor. Rising unshaken from the 1952 earthquake, it stayed put as the decades swirled around it, the vinyl booths and milkshake mixers long outlasting the chain store’s corporate footprint. And now, in a turn both surprising and inevitable, it’s being brought back to life by two people who never left. 

Emily and Sherod Waite, lifelong Bakersfield residents and co-founders of Moneywise Wealth Management, weren’t looking to make a statement. They needed more room. But when they learned the Woolworth’s Building was for sale, the opportunity was too layered to ignore: a chance to expand their business, to preserve a cornerstone of downtown, and to reinvest in a place they’ve quietly championed for years. 

“For the past 15 years, I’ve been drawn to downtown’s creative energy,” Emily says. “It’s a real ecosystem — generational businesses, artists, entrepreneurs, institutions that have shaped Bakersfield’s identity. When our firm needed to grow, we didn’t look elsewhere. We looked downtown.” 

The building spans 44,000 square feet across four levels, each with its own quirks and complications. Adapting them wasn’t easy. The mechanical systems were outdated, the infrastructure unyielding, the fire codes unrelenting. With their shared business acumen and creative vision, the Waites moved methodically, balancing historical preservation with present-day function. 

“We knew we were inheriting something significant. But we also had to make it work — not just as a monument, but as a living, usable space.”