OFFICIAL - ARTerra (21st and Wyandotte)

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 - ARTerra (21st and Wyandotte)

Post by flyingember » Thu Dec 08, 2016 11:16 am

smh wrote:Sure, but the building was owner financing. Hence it is an exception.
Except for the part where the second owner lost their part of building to the bank that financed it in the bankruptcy proceedings.

It's possible to get condos in a building which is not 100% owner financed. It's hard, yes, but doable.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by KCDowntown » Wed Feb 01, 2017 1:12 pm

Construction looks to be underway here. They are moving dirt on this site and it looks like they are about to put together a small crane (not a tower crane) on the site.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by DaveKCMO » Wed Feb 15, 2017 8:39 pm

pre-development work, officially. pic from 2/14/17:

Image

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by DaveKCMO » Tue Mar 21, 2017 9:59 pm

serious work should begin may 1.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by earthling » Tue Mar 21, 2017 11:30 pm

So this thread started in 2004. Didn't think this project would happen. Any final designs? There are a lot of variations out there. I like the one of the last page.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by hartliss » Wed Mar 22, 2017 7:31 am

Image

This is the rendering straight from Copaken's site.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by kboish » Wed Mar 22, 2017 7:47 am

The bizjournal had an interesting tidbit about the material to be used to construct this project in light of the recent fire in OP. I think the brand name is "Prescient" and is basically a pre-fab steel columns. It is a company owned by JE Dunn or maybe just the Dunn family.

http://www.bizjournals.com/kansascity/n ... frame.html
Prescient, which will have annual capacity to manufacture framing for 11 million square feet of construction with its new plant, has been around only since September 2012.

But its proprietary software and robot-aided process for premanufacturing steel columns, trusses and panels already has attracted several big-name clients.
...

In Kansas City, the 12-story ARTerra apartment tower will become the first project built with the Prescient system. JE Dunn is scheduled to break ground next month on that project at 2100 Wyandotte St. in the Crossroads Arts District and complete it next year for a joint venture involving Copaken Brooks and Altus Properties.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by KCtoBrooklyn » Wed Mar 22, 2017 9:40 am

kboish wrote:The bizjournal had an interesting tidbit about the material to be used to construct this project in light of the recent fire in OP. I think the brand name is "Prescient" and is basically a pre-fab steel columns. It is a company owned by JE Dunn or maybe just the Dunn family.
The proposal for the two towers on 25th and Troost called for using the "Prescient" building system as well.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by KCDowntown » Wed Apr 05, 2017 11:39 pm

The overall site plan for the updated Arterra building are available on the KCMO Development Tracker.

Here is a link to the plans.

The plans appear to match the rendering that was posted below by hartliss.

Some of the highlights:
- 12 stories
- Prominent social area on 12th floor
- 4 story garage on south side of the building
- Entrance on northeast corner of the site
- Retail along Wyandotte
- Pool on 5th floor

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by flyingember » Mon Jul 17, 2017 2:56 pm

Formal groundbreaking in early August

https://www.bizjournals.com/kansascity/ ... ml?ana=twt

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by flyingember » Thu Aug 10, 2017 1:17 pm

groundbreaking today, per twitter.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by DaveKCMO » Thu Aug 10, 2017 4:42 pm

Image

dunn was moving dirt the entire time. kinda nice.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by earthling » Mon Aug 14, 2017 7:42 am

Arterra will go for $2.30/sqft like Two Light. Can KC continue to draw downtown luxury growth at these rates? If so, maybe downtown can attract more hirise developers.

https://cityscenekc.com/arterra-apartme ... own-rents/

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by DaveKCMO » Mon Aug 14, 2017 7:46 am

Only one way to find out.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by KCPowercat » Mon Aug 14, 2017 9:22 am

How long till some of these transition to condo?

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by earthling » Mon Aug 14, 2017 9:53 am

^When the demand returns you'd think, which could be soonish given Plaza market picking up. Mid-priced Plaza condos don't seem to stay on market too long, over $500K units can take much longer. Is common for a building to have up to 10% of units for sale, just checked and most Plaza buildings appear to be well below 5%. Sulgrave and Regency have mostly high end available, under 5% total. Alameda has just one unit listed. Under $300K in area seems to move pretty quickly.

Downtown could probably get back into condo game soon but a large wave of high end could take a while to move. A slow transition might work if developer ready to unload a building but they may not want to when able to get over $2/sqft rent downtown.

So back to rentals, what is the highest rent building right now? One Light? How much per sqft?

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by KCtonic » Mon Aug 14, 2017 3:20 pm

Seems like the condo market in the River Market area has been pretty good. At least that's my experience. Obviously that can change quickly one way or another, but having watched Conover Place and 5 Delaware buildings those listing have been selling fairly quickly at pretty good prices. I give a huge amount of credit to the streetcar's success in the area. I'm a big supporter of the streetcar expansion - and have seen with my own eyes the transformation it makes in a neighborhood for both residences and businesses.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by pash » Mon Aug 14, 2017 3:48 pm

.
Last edited by pash on Thu Sep 21, 2017 5:48 pm, edited 1 time in total.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by KCtonic » Mon Aug 14, 2017 4:00 pm

The financing rules for many mortgage companies limit condo's to 4 or 5 stories. Higher than that and yes it's more difficult to get a loan. That's one reason the condo's that were built in the area are not taller.

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Re: OFFICIAL - ARTerra (21st and Wyandotte)

Post by earthling » Mon Aug 14, 2017 4:03 pm

Why the limit?

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