AT&T Building Renovation, 8th Street and Locust

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KCtoBrooklyn
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AT&T Building Renovation, 8th Street and Locust

Post by KCtoBrooklyn » Mon Jan 14, 2019 6:13 pm

The AT&T office building at 500 E 8th St is on the market and it sounds like a redevelopment plan may be coming together (and looking for incentives). The PIEA agenda for this week's meeting includes an item for conducting a blight study. I don't see any indication of the plan.
Resolution approving a Proponent Funding Agreement and authorizing preparation of a Qualification Analysis and General Development Plan for the proposed 500 East 8th PIEA Area.
Here is the listing:

https://www.loopnet.com/Listing/500-E-8 ... /11995014/

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Re: On-going downtown development projects

Post by missingkc » Mon Jan 14, 2019 6:39 pm

Apart from government buildings, is this the only downtown building of any size put up in the '70s? What are thoughts on possible uses? Office? Residential? Server farm? Massive escape venue?

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Re: On-going downtown development projects

Post by TheLastGentleman » Mon Jan 14, 2019 7:22 pm

City Center Square was 70s

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Re: On-going downtown development projects

Post by DaveKCMO » Mon Jan 14, 2019 7:25 pm

missingkc wrote:
Mon Jan 14, 2019 6:39 pm
Apart from government buildings, is this the only downtown building of any size put up in the '70s? What are thoughts on possible uses? Office? Residential? Server farm? Massive escape venue?
Wallstreet Tower (1974) and City Center Square (1977) come to mind.

Seems like a good spot for a hotel? It's a short walk to the North Loop streetcar stop and that parking ratio is low enough for modern hotel use.

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Re: On-going downtown development projects

Post by FangKC » Mon Jan 14, 2019 7:49 pm

Where are the AT&T staff moving? Does anyone have any idea how many people work there?

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Re: On-going downtown development projects

Post by normalthings » Mon Jan 14, 2019 8:42 pm

FangKC wrote:
Mon Jan 14, 2019 7:49 pm
Where are the AT&T staff moving? Does anyone have any idea how many people work there?
Strava ;-)

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Re: On-going downtown development projects

Post by FangKC » Fri Jan 18, 2019 2:25 pm

AT&T Leaving Downtown, Selling Building; Prospective New Owner Plans Major Renovation

https://cityscenekc.com/att-downtown-hq ... Od58_bKEUU

I started a new thread for discussion of this building.

http://kcrag.com/viewtopic.php?f=15&t=2 ... 28#p587828

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AT&T Building Renovation, 8th Street and Locust

Post by FangKC » Fri Jan 18, 2019 2:27 pm

I'm starting a new thread for this building, since AT&T is moving out, and the building is being sold.

AT&T Leaving Downtown, Selling Building; Prospective New Owner Plans Major Renovation

AT&T is shutting down operations at its 13-story downtown headquarters at 500 E. Eighth St., and has an agreement to sell it to a new owner who plans to redevelop the property.

Maxus Properties wants to purchase the 362,000 square-foot building that opened in 1973 and undertake a major renovation of the property, the Planned Industrial Expansion Authority board was told Thursday.
...
The PIEA board agreed to allow the developer to conduct a blight study and prepare a redevelopment plan in anticipation of applying for tax incentives to help finance the project.

The 1970s office building is located in a federal opportunity zone, a designation that would make companies locating there eligible for substantial federal tax incentives.


https://cityscenekc.com/att-downtown-hq ... Od58_bKEUU

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Re: AT&T Building Renovation, 8th Street and Locust

Post by kcjak » Fri Jan 18, 2019 3:59 pm

One of the ugliest buildings downtown, but says something that AT&T would rather move their downtown employees to Brookside(ish) rather than moving employees downtown. Maybe they had a sweet offer on the building.

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Re: AT&T Building Renovation, 8th Street and Locust

Post by flyingember » Fri Jan 18, 2019 4:34 pm

kcjak wrote:
Fri Jan 18, 2019 3:59 pm
One of the ugliest buildings downtown, but says something that AT&T would rather move their downtown employees to Brookside(ish) rather than moving employees downtown. Maybe they had a sweet offer on the building.
Not remotely Brooksideish. The office is closer to Prospect than Troost.

It's distance from Brookside would be similar to saying Penn Valley Park is in the River Market

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Re: AT&T Building Renovation, 8th Street and Locust

Post by TheLastGentleman » Fri Jan 18, 2019 4:36 pm

Maybe they can take the longlines building with them

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Re: AT&T Building Renovation, 8th Street and Locust

Post by Highlander » Fri Jan 18, 2019 7:38 pm

How many employees do they have? Has to be quite a few to fill up a 13 story building.

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Re: AT&T Building Renovation, 8th Street and Locust

Post by FangKC » Fri Jan 18, 2019 7:58 pm

It could be they didn't want to spend the money for upgrading the systems and renovating the building.They have a fairly large campus at 63rd and Euclid.

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Re: AT&T Building Renovation, 8th Street and Locust

Post by DaveKCMO » Fri Jan 18, 2019 9:22 pm

This building is in the big Opportunity Zone. Are we betting on multifamily? Maybe mixes income?

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Re: AT&T Building Renovation, 8th Street and Locust

Post by flyingember » Sun Jan 20, 2019 11:24 pm

DaveKCMO wrote:
Fri Jan 18, 2019 9:22 pm
This building is in the big Opportunity Zone. Are we betting on multifamily? Maybe mixes income?
It has big floorplates compared to a lot of the new office space we're building. Since we know how in demand larger floors are I'm betting it stays office space.

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Re: AT&T Building Renovation, 8th Street and Locust

Post by FangKC » Tue Jan 22, 2019 8:24 pm

AT&T has a deal to sell 13-story HQ tower, leave Downtown for other KC site
...
A lawyer for Maxus told the board that the company plans to complete a major renovation of the building, but that it hasn't been determined whether the building will be reused as an office building or converted for residential use.
...
https://tinyurl.com/yce5e3ls

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