Former Folger's Coffee plant (Roaster's Block)

[FangKC]

The former Folger's Coffee plant is for sale for $3,100,000. The plant closed in April.

http://www2.locationone.com/(S(0mvoab45 ... gId=788773

[Volker Dad]

I lived across the street from this place when I first moved to KC. I miss the smell of burnt coffee every morning...

I'll be interested to see what comes of the place.

[FangKC]

That building was completed in 1899 and was originally occupied by the Swofford Bros. Dry Goods Company, a wholesale clothing and housewares store.

[DaveKCMO]

thought they had a buyer after folger announced their move. guess not...

[kboish]

I believe the Roasterie briefly considered, but was more of- wouldn't that be nice- kind of thinking.

[loftguy]

There is a very credible housing developer who is currently trying to make a project in this facility.

[smh]

BTW, great picture Fang. Taken in the rain with pedestrians in the shot makes it look like there is some level of street activity--you know, like a city. Love it!

[zonk]

Heard it's under contract....

[pash]

.

[FangKC]

The Alexander Co. proposes turning former Folger's plant into 167 mixed-income apartments.

http://www.bizjournals.com/kansascity/p ... l?ana=e_ph

[KCMax]

Downtown is on a roll! What's the catalyst for all this housing movement downtown?

[chaglang]

Nothing draws a crowd like a crowd?

[earthling]

^Downtown rentals are 98% occupied. Demand is higher than supply. Condos are only about 85-90% occupied so there will be growth with rental units but even so, the condo vacancy isn't as high as I thought it was.

More here..
http://www.downtownkc.org/wp-content/up ... Report.pdf

[FangKC]

Loftguy, have you heard what is going on with The Reserve building? Is the hotel still in the plans? And do you know anything about what is going on with the Grand Avenue Temple office building at 9th and Grand?



Buildings for sale downtown that need to be housing:

Argyle Building, 12th and McGee
Pickwick Hotel, 10th and McGee
Corrigan Building, 18th and Walnut
Gumbel Building, 8th and Walnut

[KCPowercat]

Awesome to see dev coming back. It's been too long.

[loftguy]

Loftguy, have you heard what is going on with The Reserve building? Is the hotel still in the plans? And do you know anything about what is going on with the Grand Avenue Temple office building at 9th and Grand?



Buildings for sale downtown that need to be housing:

Argyle Building, 12th and McGee
Pickwick Hotel, 10th and McGee
Corrigan Building, 18th and Walnut
Gumbel Building, 8th and Walnut

The Reserve status has been remarkably mute.

The Grand Avenue Temple has been owned by an accountant, whose business occupies 1/10th of the building. The rest sits idle.

He bought the building for $15,000.00, twenty years ago, and feels no real motivation to do anything other than what he is doing.

Out of your list, the property that I would instinctively remove from the potential residential list, the Corrigan building, is likely too well occupied and the investment in existing office finishes too high, to allow conversion.

[DaveKCMO]

The Redevelopment Coordinating Committee will hold a meeting on Monday, January 7, 2013 at 2:00 p.m. in the conference room on the 15th floor of City Hall, 414 E. 12th Street, Kansas City, Missouri, to consider the following matters. You may contact Larry Stice, City Planning and Development, at (816) 513-2873 for further information.

Subject: One Meeting: 2:00 P.M., Monday, January 7, 2012

NOTE: Meeting to be held in the 15th Floor Conference Room

2:00 P.M. to 3:00 P.M., Monday, January 7, 2013 (discussion and motions)

2. Case No. 601-S-1 - about 1.76 acres generally bounded by 6th Street on the north, 8th Street on the south, Broadway on the west and May Street on the east, to consider the approval of the Amended and Restated Folger Coffee Company General Development Plan pursuant to the Missouri Planned Industrial Expansion Authority (PIEA) Law 100.300-100.620, RSMo.

Applicant: Al Figuly, Planned Industrial Expansion Authority, 20 E 5th Street, Suite 200, Kansas City, MO 64106

[FangKC]

Folger's plant redevelopment fails to get state financing and tax credits

http://www.bizjournals.com/kansascity/n ... 2013-01-07

[KCMax]

Kansas City Council mulls abatement for Folgers plant apartments

The Kansas City Planning, Zoning & Economic Development Committee on Wednesday is expected to consider an ordinance approving an amended Planned Industrial Expansion Authority tax abatement plan that covers the shuttered Folgers plant.

[DaveKCMO]

so is this deal still moving forward without state tax credits?