A 70-year-old derelict building along the Bricktown Canal, empty since 2002, is set to undergo a $10 million transformation into an event center and sandwich shop.

The Falls Event Center LLC started in Utah five years ago and has since grown to eight locations with Bricktown being one of several new locations being planned. John Neubauer, corporate general manager with Falls Event Centers, said the company has a purchase contract for 108 E California Ave. and construction could start by next summer pending approval by the Bricktown Urban Design Committee.

Plans call for addition of a third floor and a waterfall that will flow at the building’s canal level. The east facing wall that adjoins the Brickopolis miniature golf course would be redone with a new brick façade and window openings.