OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Issues concerning Downtown as described by the Downtown Council. River to 31st Street, I-35 to Bruce R. Watkins.
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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby KCLover » Mon Nov 27, 2017 2:11 pm

I can't read the article, but from the tidbit posted it sounds like LCRA has to approve documents and they are shooting for a late December financial closing so we should see movement in 2018.

https://www.bizjournals.com/kansascity/ ... -325m.html

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby kboish » Tue Nov 28, 2017 9:51 am

LCRA is set to approve financial documents Wednesday to set up a December closing. If they don't close in December the project is in jeopardy because the firm construction estimates expire. The developers are scheduled to provide an update on Thursday to the council business session.

https://cityscenekc.com/convention-hotel-agreement-before-development-agency-wednesday-documents-reveal-59-7-million-in-private-funding/

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby FangKC » Wed Nov 29, 2017 1:45 pm

Downtown KC convention hotel slated for 2020 completion after receiving new approvals

The Land Clearance for Redevelopment Authority, an agency that grants tax breaks, approved a slew of new agreements with KC Hotel Property Owner LLC, the new owner of the 800-room project.

That paves the way for an expected Jan. 2 groundbreaking for the $322 million project, with an expected completion date of 2020. That’s just months before 20,000 visitors are supposed to arrive as part of the Shriners International convention in July 2020.


http://www.kansascity.com/news/local/article187078253.html

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby earthling » Wed Nov 29, 2017 1:46 pm

KC seems to have a slower development pace than other markets - 2020 seems too optimistic or will otherwise be impressed if met. Ditto with new airport target date.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby KCPowercat » Wed Nov 29, 2017 1:51 pm

There will be hell to pay if this doesn't hit that date....same with the airport (moreso in edgemoor penalties)

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby KCLover » Wed Nov 29, 2017 3:18 pm

I read an article where it says they hope to break ground on January 2nd so guessing they are going to hit the ground running. May even see 24/7 construction.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby grovester » Wed Nov 29, 2017 3:41 pm

That Shriners convention is a hard deadline.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby flyingember » Wed Nov 29, 2017 4:02 pm

earthling wrote:KC seems to have a slower development pace than other markets - 2020 seems too optimistic or will otherwise be impressed if met. Ditto with new airport target date.

With today as the starting point, done by June 2020 would be 31 months.
Two Light is just past 21 months today from construction walls going up.

So that seems very doable.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby LCDSI » Wed Nov 29, 2017 5:52 pm

the new renderings in the article aren't bad either.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby hartliss » Tue Dec 05, 2017 11:06 am

Will be interesting to see what, if, any impact this has:

http://www.kansascity.com/news/politics ... 43164.html

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby atticus23 » Tue Dec 05, 2017 12:24 pm

What's the brief synopsis of this article?

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby grovester » Tue Dec 05, 2017 12:36 pm

3 council folk want to see all the legal docs on the hotel financing.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby KCPowercat » Tue Dec 05, 2017 12:54 pm

Nothing. It's Heather hall grandstanding when she turns around and supports giving away Westport without one question.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby Riverite » Wed Dec 06, 2017 8:11 am

Someone just posted a photo on Reddit saying it's a go. I'm not sure how to upload photos here, but dear god tell me that's not what it will look like

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby Critical_Mass » Wed Dec 06, 2017 8:29 am

Riverite wrote:Someone just posted a photo on Reddit saying it's a go. I'm not sure how to upload photos here, but dear god tell me that's not what it will look like


That image is the southwest corner (garage) and appears to be correct. Taken from Loew's presentation to the city: http://kcmo.gov/wp-content/uploads/2017 ... -11-30.pdf

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby KCPowercat » Wed Dec 06, 2017 8:50 am

Yeah that's from the PAC view which is horrible. I'll always believe the hotel tower is on the wrong side of that site plan.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby moderne » Wed Dec 06, 2017 11:35 am

Can we trade exteriors with the new Children's Mercy tower?

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby hartliss » Wed Dec 06, 2017 1:22 pm

hartliss wrote:Will be interesting to see what, if, any impact this has:

http://www.kansascity.com/news/politics ... 43164.html


Sounds like Loar, Hall and Shields were satisfied with the answers they were given today. The ordinance is being sent through with a "do not pass" attached. A formality, probably, to vote against the ordinance so that it isn't appearing anywhere on the city's plate and ultimately to appease the lenders.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby ldai_phs » Fri Dec 08, 2017 9:55 pm

Des Moines is getting a 40 story tower with apartment and hotel. Apartment portion will use hotel amenities. This would have been Great for downtown KC

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Postby Critical_Mass » Fri Dec 08, 2017 11:36 pm

Loews


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