OFFICIAL - LuxLiving 'The Wonderland' (formerly Faultless Linen)

Issues concerning Downtown as described by the Downtown Council. River to 31st Street, I-35 to Bruce R. Watkins.
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normalthings
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Re: OFFICIAL - LuxLiving 'The Wonderland' (formerly Faultless Linen)

Post by normalthings »

This and Midwest hotel may both use cranes I beleive
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Re: OFFICIAL - LuxLiving 'The Wonderland' (formerly Faultless Linen)

Post by GRID »

Is this project still alive?
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Re: OFFICIAL - LuxLiving 'The Wonderland' (formerly Faultless Linen)

Post by FangKC »

A $52 million apartment project that would replace an industrial building on the northeast corner of 20th and Broadway remains on track despite delays, according to its developer.

Opus Development won approval for the 228-unit apartment project a year ago from the city. It’s planned for the site currently occupied by the Faultless Health Care Linen building at 1915 Broadway, about three blocks south of the Kauffman Center for the Performing Arts.

The developer had originally hoped to begin construction in the fourth quarter of 2017 with completion late this year. Joe Downs, vice president of real estate development for Opus, said in a statement the project is still moving forward.

“We continue finalizing plans for our apartment project in the vibrant Crossroads neighborhood,” Downs said. “We look forward to sharing more information in the year ahead.”
...
https://cityscenekc.com/opus-developmen ... t-project/
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Re: OFFICIAL - LuxLiving 'The Wonderland' (formerly Faultless Linen)

Post by DaveKCMO »

Environmental clearance received!
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Re: OFFICIAL - LuxLiving 'The Wonderland' (formerly Faultless Linen)

Post by DaveKCMO »

Supposedly the land sale will finally occur this summer. Can't believe it's taken Opus this long to get this going. There is some indication that Opus might be teaming up with another developer, but will keep the design we've already seen.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by beautyfromashes »

DaveKCMO wrote: Mon Feb 18, 2019 4:24 pm Supposedly the land sale will finally occur this summer. Can't believe it's taken Opus this long to get this going. There is some indication that Opus might be teaming up with another developer, but will keep the design we've already seen.
I’ve heard the original design is dead and construction is likely on hold indefinitely.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by DaveKCMO »

beautyfromashes wrote: Mon Feb 18, 2019 4:53 pm
DaveKCMO wrote: Mon Feb 18, 2019 4:24 pm Supposedly the land sale will finally occur this summer. Can't believe it's taken Opus this long to get this going. There is some indication that Opus might be teaming up with another developer, but will keep the design we've already seen.
I’ve heard the original design is dead and construction is likely on hold indefinitely.
That's not what the seller told me today, but it would not surprise me if the deal completely falls through.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by beautyfromashes »

DaveKCMO wrote: Mon Feb 18, 2019 8:05 pm That's not what the seller told me today, but it would not surprise me if the deal completely falls through.
The seller should move on. Sounds like they’re hoping against hope.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by langosta »

1915 Broadway Apts - Planned - Opus will build a new, six-story, 228-unit apt. bldg.
From the most recent streetcar development map.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by DaveKCMO »

They still haven't purchased the property.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by DaveKCMO »

Opus is officially out. Property is back on the market.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by TrolliKC »

That's too bad, this would have been a good project
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by kboish »

Wow. Given how much time/money they put into pre-development there must be some pretty big hurdles to development associated with this project.

Given that OPUS has other local investments and likely is looking for a certain level of investment within KC, I wouldn't be surprised if we see another project from them somewhere else.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by kboish »

.
Last edited by kboish on Wed Feb 19, 2020 10:08 pm, edited 1 time in total.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by DaveKCMO »

My hunch is that their source of capital dried up or wasn't patient enough (it wasn't their own, from what I understand about Opus in general). I'm surprised they lasted this long with no progress.

The project was good, but not great (no retail, some blank walls). Hopefully something better comes along.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by FangKC »

Opus Scraps Crossroads Apartment Plan, Faultless Building Back on Market

Plans have been scrapped for a $52 million apartment project first proposed three years ago by Opus Development that would have replaced the long-vacant Faultless Linen building at 1915 Broadway.
...
A company official said other projects took precedent, notably Westley on Broadway, a six-story, 256-unit apartment project being built at Westport Road and Broadway.
...
The former 54,000 square-foot Faultless Linen building at 20th and Broadway has been vacant for several years. A representative for the owner, Bob Galamba of Colliers International, said its now back on the market.
...

https://cityscenekc.com/opus-scraps-cr ... BxIymb7amI
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by FangKC »

I expect with the uncertainty right now in the stock market, some other projects might be put on hold or cancelled.
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by shinatoo »

Is it me or does it seam like every time DT KC gets rolling the economy takes a dump?
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by mean »

It's a conspiracy to impeach mayor Lucas! or something
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Re: OFFICIAL - Opus Development (formerly Faultless Linen)

Post by FangKC »

They had to stop trading on the stock market again this morning -- for the second time in a week.
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